Mutual of America Capital Management LLC Has $460,000 Stake in Brady Co. (NYSE:BRC)

Mutual of America Capital Management LLC decreased its holdings in Brady Co. (NYSE:BRC) by 2.5% in the 4th quarter, Holdings Channel.com reports. The firm owned 7,846 shares of the industrial products company’s stock after selling 201 shares during the period. Mutual of America Capital Management LLC’s holdings in Brady were worth $460,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Pacer Advisors Inc. increased its holdings in Brady by 422,030.0% in the 4th quarter. Pacer Advisors Inc. now owns 856,924 shares of the industrial products company’s stock valued at $50,293,000 after buying an additional 856,721 shares during the period. Assenagon Asset Management S.A. increased its holdings in Brady by 2,366.6% in the 4th quarter. Assenagon Asset Management S.A. now owns 825,563 shares of the industrial products company’s stock valued at $48,452,000 after buying an additional 792,094 shares during the period. Lord Abbett & CO. LLC increased its holdings in Brady by 65.5% in the 3rd quarter. Lord Abbett & CO. LLC now owns 510,635 shares of the industrial products company’s stock valued at $28,044,000 after buying an additional 202,099 shares during the period. Van Berkom & Associates Inc. increased its holdings in Brady by 18.9% in the 3rd quarter. Van Berkom & Associates Inc. now owns 1,252,062 shares of the industrial products company’s stock valued at $68,763,000 after buying an additional 198,805 shares during the period. Finally, Vanguard Group Inc. increased its holdings in Brady by 3.8% in the 3rd quarter. Vanguard Group Inc. now owns 5,301,138 shares of the industrial products company’s stock valued at $291,138,000 after buying an additional 195,475 shares during the period. Institutional investors and hedge funds own 76.28% of the company’s stock.

Insiders Place Their Bets

In other Brady news, Director Nancy Lee Gioia sold 4,250 shares of the business’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $59.20, for a total transaction of $251,600.00. Following the sale, the director now directly owns 11,551 shares of the company’s stock, valued at approximately $683,819.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Brady news, Director Elizabeth P. Bruno sold 8,322 shares of the business’s stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $57.33, for a total transaction of $477,100.26. Following the sale, the director now directly owns 333,593 shares of the company’s stock, valued at approximately $19,124,886.69. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Nancy Lee Gioia sold 4,250 shares of the business’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $59.20, for a total transaction of $251,600.00. Following the sale, the director now directly owns 11,551 shares in the company, valued at $683,819.20. The disclosure for this sale can be found here. Insiders have sold 39,017 shares of company stock valued at $2,283,667 in the last ninety days. 15.60% of the stock is currently owned by insiders.

Brady Trading Up 0.6 %

Shares of Brady stock opened at $59.04 on Wednesday. The firm has a market capitalization of $2.85 billion, a PE ratio of 15.42, a price-to-earnings-growth ratio of 2.09 and a beta of 0.77. The company has a current ratio of 2.13, a quick ratio of 1.44 and a debt-to-equity ratio of 0.05. The firm’s 50 day moving average is $58.98 and its 200 day moving average is $57.70. Brady Co. has a 1 year low of $46.77 and a 1 year high of $63.02.

Brady (NYSE:BRC) last announced its quarterly earnings results on Thursday, February 22nd. The industrial products company reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.01. The company had revenue of $322.60 million for the quarter, compared to analyst estimates of $339.61 million. Brady had a net margin of 14.08% and a return on equity of 19.24%. The firm’s revenue was down 1.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.81 EPS. Equities research analysts forecast that Brady Co. will post 4 earnings per share for the current fiscal year.

Brady Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, April 9th will be issued a dividend of $0.235 per share. This represents a $0.94 dividend on an annualized basis and a yield of 1.59%. The ex-dividend date of this dividend is Monday, April 8th. Brady’s payout ratio is 24.54%.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Bank of America raised shares of Brady from an “underperform” rating to a “buy” rating and raised their target price for the company from $51.00 to $65.00 in a report on Tuesday, January 2nd. StockNews.com lowered shares of Brady from a “strong-buy” rating to a “buy” rating in a report on Monday, February 26th.

Brady Profile

Brady Corporation manufactures and supplies identification solutions (IDS) and workplace safety (WPS) products to identify and protect premises, products, and people in the United States and internationally. The company offers materials, printing systems, RFID, and bar code scanners for product identification, brand protection labeling, work in process labeling, finished product identification, and industrial track and trace applications; safety signs, floor-marking tapes, pipe markers, labeling systems, spill control products, lockout/tagout device, and software and services for safety compliance auditing, procedure writing, and training; and hand-held printers, wire markers, sleeves, and tags for wire identification.