Yousif Capital Management LLC Sells 565 Shares of Brady Co. (NYSE:BRC)

Yousif Capital Management LLC trimmed its position in shares of Brady Co. (NYSE:BRC) by 2.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,820 shares of the industrial products company’s stock after selling 565 shares during the period. Yousif Capital Management LLC’s holdings in Brady were worth $1,281,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. grew 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 last quarter. Van Berkom & Associates Inc. grew its stake in shares of Brady by 18.9% in the third quarter. Van Berkom & Associates Inc. now owns 1,252,062 shares of the industrial products company’s stock worth $68,763,000 after acquiring an additional 198,805 shares during the last quarter. Pacer Advisors Inc. increased its position in Brady by 422,030.0% during the fourth quarter. Pacer Advisors Inc. now owns 856,924 shares of the industrial products company’s stock worth $50,293,000 after acquiring an additional 856,721 shares during the period. Assenagon Asset Management S.A. raised its stake in Brady by 2,366.6% during 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 purchasing an additional 792,094 shares during the last quarter. Finally, Lord Abbett & CO. LLC boosted 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 purchasing an additional 202,099 shares during the period. 76.28% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of Brady from a “strong-buy” rating to a “buy” rating in a research report on Monday, February 26th.

Insider Buying and Selling

In other news, Director Nancy Lee Gioia sold 4,250 shares of the company’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 value of $251,600.00. Following the sale, the director now directly owns 11,551 shares in the company, valued at approximately $683,819.20. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, Director Nancy Lee Gioia sold 4,250 shares of the business’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $59.20, for a total value of $251,600.00. Following the sale, the director now owns 11,551 shares of the company’s stock, valued at approximately $683,819.20. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Elizabeth P. Bruno sold 19,030 shares of the stock in a transaction on Monday, March 18th. The stock was sold at an average price of $58.41, for a total value of $1,111,542.30. Following the transaction, the director now owns 342,115 shares of the company’s stock, valued at $19,982,937.15. The disclosure for this sale can be found here. Insiders sold 39,017 shares of company stock valued at $2,283,667 over the last quarter. Corporate insiders own 15.60% of the company’s stock.

Brady Price Performance

Shares of BRC stock opened at $59.45 on Friday. The company has a market capitalization of $2.87 billion, a P/E ratio of 15.52, a P/E/G ratio of 2.11 and a beta of 0.76. The company has a current ratio of 2.13, a quick ratio of 1.44 and a debt-to-equity ratio of 0.05. Brady Co. has a 12 month low of $46.77 and a 12 month high of $63.02. The stock has a 50 day moving average of $58.64 and a two-hundred day moving average of $57.87.

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

Brady Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Tuesday, April 9th were paid a $0.235 dividend. The ex-dividend date was Monday, April 8th. This represents a $0.94 dividend on an annualized basis and a yield of 1.58%. Brady’s payout ratio 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.