State of Alaska Department of Revenue increased its stake in shares of Brady Corp (NYSE:BRC) by 1.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 16,777 shares of the industrial products company’s stock after buying an additional 219 shares during the period. State of Alaska Department of Revenue’s holdings in Brady were worth $827,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in BRC. Advisor Group Inc. boosted its holdings in Brady by 45.1% during the 4th quarter. Advisor Group Inc. now owns 2,717 shares of the industrial products company’s stock valued at $118,000 after acquiring an additional 845 shares during the period. Northern Trust Corp boosted its holdings in Brady by 0.4% during the 4th quarter. Northern Trust Corp now owns 621,886 shares of the industrial products company’s stock valued at $27,027,000 after acquiring an additional 2,577 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Brady by 0.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,824,565 shares of the industrial products company’s stock valued at $79,294,000 after acquiring an additional 6,243 shares during the period. California State Teachers Retirement System boosted its holdings in Brady by 3.8% during the 4th quarter. California State Teachers Retirement System now owns 74,605 shares of the industrial products company’s stock valued at $3,242,000 after acquiring an additional 2,749 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in Brady by 1.7% during the 4th quarter. Geode Capital Management LLC now owns 669,646 shares of the industrial products company’s stock valued at $29,102,000 after acquiring an additional 10,883 shares during the period. 80.68% of the stock is currently owned by hedge funds and other institutional investors.

In other Brady news, SVP Louis T. Bolognini sold 7,498 shares of the stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $48.33, for a total value of $362,378.34. Following the completion of the sale, the senior vice president now owns 33,458 shares in the company, valued at approximately $1,617,025.14. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Louis T. Bolognini sold 1,000 shares of the stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $48.50, for a total value of $48,500.00. Following the completion of the sale, the senior vice president now owns 29,208 shares of the company’s stock, valued at approximately $1,416,588. The disclosure for this sale can be found here. In the last quarter, insiders sold 33,079 shares of company stock valued at $1,600,443. Company insiders own 15.60% of the company’s stock.

BRC stock traded up $0.40 during trading on Friday, hitting $51.04. 205,273 shares of the company traded hands, compared to its average volume of 277,068. The firm has a market capitalization of $2.67 billion, a price-to-earnings ratio of 25.02, a PEG ratio of 2.82 and a beta of 0.95. Brady Corp has a 1 year low of $36.70 and a 1 year high of $51.44. The stock has a 50-day moving average of $49.21. The company has a debt-to-equity ratio of 0.06, a current ratio of 3.03 and a quick ratio of 2.36.

Brady (NYSE:BRC) last released its quarterly earnings data on Thursday, May 23rd. The industrial products company reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.09. Brady had a return on equity of 15.85% and a net margin of 11.15%. The business had revenue of $289.75 million during the quarter, compared to analysts’ expectations of $292.66 million. During the same quarter last year, the business posted $0.49 EPS. The business’s revenue was down 2.9% on a year-over-year basis. As a group, equities analysts predict that Brady Corp will post 2.4 earnings per share for the current fiscal year.

The firm 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 $0.2125 dividend. This represents a $0.85 annualized dividend and a yield of 1.67%. The ex-dividend date is Tuesday, July 9th. Brady’s dividend payout ratio (DPR) is currently 41.67%.

BRC has been the subject of several analyst reports. Wells Fargo & Co set a $29.00 target price on Establishment Labs and gave the company a “buy” rating in a report on Friday, July 12th. Zacks Investment Research cut EXACT Sciences from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd. Finally, ValuEngine cut Zumiez from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. Brady has a consensus rating of “Hold” and an average price target of $46.25.

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 IDS segment offers safety signs, pipe markers, labeling systems, spill control products, and lockout/tagout devices for facility identification and protection; materials and printing systems for product identification, brand protection labeling, work in process labeling, and finished product identification; and hand-held printers, wire markers, sleeves, and tags for wire identification, as well as software and services for safety compliance auditing, procedure writing, and training.

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Institutional Ownership by Quarter for Brady (NYSE:BRC)

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