WINTON GROUP Ltd increased its stake in shares of Brady Corp (NYSE:BRC) by 128.3% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 20,293 shares of the industrial products company’s stock after buying an additional 11,406 shares during the period. WINTON GROUP Ltd’s holdings in Brady were worth $1,001,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Quadrant Capital Group LLC boosted its holdings in shares of Brady by 107.7% during the 1st quarter. Quadrant Capital Group LLC now owns 920 shares of the industrial products company’s stock worth $42,000 after buying an additional 477 shares during the period. Advisor Group Inc. boosted its holdings in shares of Brady by 45.1% during the 4th quarter. Advisor Group Inc. now owns 2,717 shares of the industrial products company’s stock worth $118,000 after buying an additional 845 shares during the period. Magnus Financial Group LLC bought a new stake in shares of Brady during the 1st quarter worth about $207,000. Alps Advisors Inc. bought a new stake in shares of Brady during the 1st quarter worth about $405,000. Finally, Sawgrass Asset Management LLC boosted its holdings in shares of Brady by 56.4% during the 1st quarter. Sawgrass Asset Management LLC now owns 10,040 shares of the industrial products company’s stock worth $466,000 after buying an additional 3,620 shares during the period. 80.68% of the stock is owned by institutional investors and hedge funds.

Several brokerages recently commented on BRC. Zacks Investment Research downgraded shares of EXACT Sciences from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd. Wells Fargo & Co set a $29.00 price objective on shares of Establishment Labs and gave the stock a “buy” rating in a research note on Friday, July 12th. Finally, ValuEngine cut shares of Zumiez from a “hold” rating to a “sell” rating in a research note 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 issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $46.25.

Brady stock traded up $0.40 during midday trading on Friday, hitting $51.04. The company’s stock had a trading volume of 205,273 shares, compared to its average volume of 277,068. Brady Corp has a 1-year low of $36.70 and a 1-year high of $51.44. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.36 and a current ratio of 3.03. The company has a 50-day simple moving average of $49.21. The company has a market capitalization of $2.70 billion, a P/E ratio of 25.02, a price-to-earnings-growth ratio of 2.84 and a beta of 0.95.

Brady (NYSE:BRC) last issued 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 net margin of 11.15% and a return on equity of 15.85%. The business had revenue of $289.75 million during the quarter, compared to analysts’ expectations of $292.66 million. During the same quarter in the previous year, the company earned $0.49 EPS. The business’s revenue was down 2.9% on a year-over-year basis. As a group, equities research analysts forecast 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 paid a $0.2125 dividend. This represents a $0.85 annualized dividend and a yield of 1.67%. The ex-dividend date of this dividend is Tuesday, July 9th. Brady’s dividend payout ratio (DPR) is 41.67%.

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

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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