Olstein Capital Management L.P. Cuts Stock Position in Brady Co. (NYSE:BRC)

Olstein Capital Management L.P. trimmed its position in shares of Brady Co. (NYSE:BRC) by 7.5% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 37,000 shares of the industrial products company’s stock after selling 3,000 shares during the quarter. Olstein Capital Management L.P.’s holdings in Brady were worth $2,193,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Pacer Advisors Inc. raised its stake in shares of Brady by 422,030.0% in the fourth quarter. Pacer Advisors Inc. now owns 856,924 shares of the industrial products company’s stock valued at $50,293,000 after acquiring an additional 856,721 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in shares of 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. Boston Partners grew its position in shares of Brady by 2,520.6% during the fourth quarter. Boston Partners now owns 465,465 shares of the industrial products company’s stock worth $27,441,000 after buying an additional 447,703 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Brady by 3.8% during the third quarter. Vanguard Group Inc. now owns 5,301,138 shares of the industrial products company’s stock worth $291,138,000 after buying an additional 195,475 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale increased its stake in shares of Brady by 69.1% during the fourth quarter. DekaBank Deutsche Girozentrale now owns 388,453 shares of the industrial products company’s stock worth $22,743,000 after buying an additional 158,780 shares during the period. 76.28% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Brady

In related news, Director Elizabeth P. Bruno sold 2,415 shares of the stock in a transaction on Monday, April 8th. The shares were sold at an average price of $60.01, for a total value of $144,924.15. Following the transaction, the director now directly owns 326,178 shares of the company’s stock, valued at approximately $19,573,941.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, Director Elizabeth P. Bruno sold 2,415 shares of the company’s stock in a transaction dated Monday, April 8th. The stock was sold at an average price of $60.01, for a total value of $144,924.15. Following the completion of the sale, the director now directly owns 326,178 shares of the company’s stock, valued at approximately $19,573,941.78. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Nancy Lee Gioia sold 4,250 shares of Brady 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 transaction, the director now directly owns 11,551 shares in the company, valued at approximately $683,819.20. The disclosure for this sale can be found here. Insiders own 15.60% of the company’s stock.

Brady Stock Up 0.7 %

Brady stock traded up $0.48 during trading on Wednesday, reaching $65.32. The stock had a trading volume of 45,189 shares, compared to its average volume of 307,583. Brady Co. has a 52-week low of $46.77 and a 52-week high of $68.80. The business has a 50 day moving average price of $64.03 and a 200 day moving average price of $61.08. The company has a quick ratio of 1.45, a current ratio of 2.06 and a debt-to-equity ratio of 0.06. The stock has a market cap of $3.10 billion, a PE ratio of 16.54, a P/E/G ratio of 2.07 and a beta of 0.77.

Brady (NYSE:BRC) last posted its earnings results on Wednesday, May 22nd. The industrial products company reported $1.09 EPS for the quarter, beating the consensus estimate of $1.02 by $0.07. The firm had revenue of $343.40 million for the quarter, compared to analyst estimates of $339.80 million. Brady had a return on equity of 19.61% and a net margin of 14.22%. Brady’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.95 earnings per share. On average, analysts predict that Brady Co. will post 4.13 EPS for the current year.

Brady Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Wednesday, July 10th will be issued a dividend of $0.235 per share. The ex-dividend date is Wednesday, July 10th. This represents a $0.94 dividend on an annualized basis and a yield of 1.44%. Brady’s payout ratio is currently 23.98%.

Brady Company 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.