Cwm LLC Trims Holdings in Brady Co. (NYSE:BRC)

Cwm LLC cut its stake in Brady Co. (NYSE:BRC) by 9.6% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 20,854 shares of the industrial products company’s stock after selling 2,217 shares during the quarter. Cwm LLC’s holdings in Brady were worth $1,224,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. NBC Securities Inc. purchased a new position in shares of Brady in the third quarter valued at $164,000. Koshinski Asset Management Inc. purchased a new position in Brady during the fourth quarter worth about $208,000. Fox Run Management L.L.C. purchased a new position in Brady during the third quarter worth about $209,000. Ifrah Financial Services Inc. purchased a new position in Brady during the third quarter worth about $213,000. Finally, GW Henssler & Associates Ltd. purchased a new position in Brady during the third quarter worth about $255,000. 76.28% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Elizabeth P. Bruno sold 8,322 shares of the business’s stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $57.33, for a total value of $477,100.26. Following the completion of the sale, the director now owns 333,593 shares of the company’s stock, valued at approximately $19,124,886.69. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, Director Elizabeth P. Bruno sold 8,322 shares of the business’s stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $57.33, for a total value of $477,100.26. Following the completion of the sale, the director now owns 333,593 shares of the company’s stock, valued at approximately $19,124,886.69. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Elizabeth P. Bruno sold 19,030 shares of the business’s stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $58.41, for a total value of $1,111,542.30. Following the completion of the sale, the director now directly owns 342,115 shares of the company’s stock, valued at approximately $19,982,937.15. The disclosure for this sale can be found here. Insiders sold a total of 39,017 shares of company stock valued at $2,283,667 over the last 90 days. Insiders own 15.60% of the company’s stock.

Wall Street Analysts Forecast Growth

BRC has been the subject of several recent analyst reports. StockNews.com cut Brady from a “strong-buy” rating to a “buy” rating in a research report on Monday, February 26th. Bank of America upgraded Brady from an “underperform” rating to a “buy” rating and boosted their target price for the stock from $51.00 to $65.00 in a research report on Tuesday, January 2nd.

Brady Trading Down 0.8 %

Shares of BRC stock opened at $59.52 on Friday. The company has a quick ratio of 1.44, a current ratio of 2.13 and a debt-to-equity ratio of 0.05. The business has a 50-day moving average price of $58.84 and a two-hundred day moving average price of $57.77. Brady Co. has a 12-month low of $46.77 and a 12-month high of $63.02. The firm has a market cap of $2.88 billion, a P/E ratio of 15.54, a price-to-earnings-growth ratio of 2.14 and a beta of 0.77.

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

Brady Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, April 9th will be paid a dividend of $0.235 per share. This represents a $0.94 annualized dividend and a yield of 1.58%. The ex-dividend date of this dividend is Monday, April 8th. Brady’s dividend payout ratio (DPR) is currently 24.54%.

About Brady

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.