Koshinski Asset Management Inc. Purchases New Shares in Brady Co. (NYSE:BRC)

Koshinski Asset Management Inc. purchased a new stake in shares of Brady Co. (NYSE:BRC) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 3,553 shares of the industrial products company’s stock, valued at approximately $208,000.

A number of other large investors have also added to or reduced their stakes in the company. State Street Corp grew its holdings in Brady by 8.2% during the 3rd quarter. State Street Corp now owns 5,373,289 shares of the industrial products company’s stock valued at $224,227,000 after purchasing an additional 409,452 shares in the last quarter. Vanguard Group Inc. grew its holdings in Brady by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 5,332,099 shares of the industrial products company’s stock worth $246,716,000 after acquiring an additional 17,763 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in Brady by 8.0% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 2,009,621 shares of the industrial products company’s stock worth $94,934,000 after acquiring an additional 148,426 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Brady by 0.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,418,747 shares of the industrial products company’s stock worth $76,227,000 after acquiring an additional 8,992 shares in the last quarter. Finally, Van Berkom & Associates Inc. grew its holdings in Brady by 18.9% during the 3rd 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 in the last quarter. 76.28% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have weighed in on BRC. StockNews.com lowered shares of Brady from a “strong-buy” rating to a “buy” rating in a report on Monday, February 26th. Bank of America raised shares of Brady from an “underperform” rating to a “buy” rating and raised their price objective for the stock from $51.00 to $65.00 in a report on Tuesday, January 2nd.

Insider Transactions at Brady

In other news, Director Nancy Lee Gioia sold 4,250 shares of the firm’s stock in a transaction dated Monday, April 15th. The shares were 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 transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, Director Elizabeth P. Bruno sold 8,322 shares of Brady stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $57.33, for a total value of $477,100.26. Following the sale, the director now directly owns 333,593 shares in the company, valued at approximately $19,124,886.69. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Nancy Lee Gioia sold 4,250 shares of Brady stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $59.20, for a total transaction of $251,600.00. Following the completion of the sale, the director now owns 11,551 shares in the company, valued at $683,819.20. The disclosure for this sale can be found here. In the last three months, insiders have sold 39,017 shares of company stock worth $2,283,667. 15.60% of the stock is currently owned by insiders.

Brady Price Performance

Shares of BRC stock opened at $58.82 on Wednesday. The firm has a market cap of $2.84 billion, a P/E ratio of 15.36, a P/E/G ratio of 2.10 and a beta of 0.77. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.13 and a quick ratio of 1.44. Brady Co. has a 1-year low of $46.77 and a 1-year high of $63.02. The firm has a fifty day moving average of $59.27 and a two-hundred day moving average of $57.58.

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

Brady Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, April 9th will be given a $0.235 dividend. The ex-dividend date is Monday, April 8th. This represents a $0.94 dividend on an annualized basis and a dividend yield of 1.60%. Brady’s payout ratio is currently 24.54%.

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.