Franklin Resources Inc. Has $41.03 Million Holdings in Brady Corp (BRC)

Franklin Resources Inc. reduced its stake in Brady Corp (NYSE:BRC) by 34.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,082,628 shares of the industrial products company’s stock after selling 564,446 shares during the period. Franklin Resources Inc. owned about 2.10% of Brady worth $41,032,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Hartford Investment Management Co. purchased a new position in Brady in the 3rd quarter worth approximately $204,000. Bowling Portfolio Management LLC purchased a new position in Brady in the 4th quarter worth approximately $276,000. Crossmark Global Holdings Inc. purchased a new position in Brady in the 3rd quarter worth approximately $349,000. Quadrature Capital Ltd purchased a new position in Brady in the 4th quarter worth approximately $416,000. Finally, Trexquant Investment LP increased its stake in Brady by 31.8% in the 3rd quarter. Trexquant Investment LP now owns 11,600 shares of the industrial products company’s stock worth $440,000 after purchasing an additional 2,800 shares during the period. 79.21% of the stock is currently owned by institutional investors and hedge funds.

Brady stock opened at $38.55 on Monday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.75 and a current ratio of 2.41. Brady Corp has a 12 month low of $31.70 and a 12 month high of $40.25. The stock has a market capitalization of $1,995.96, a P/E ratio of 26.05, a PEG ratio of 2.61 and a beta of 1.12.

Brady (NYSE:BRC) last posted its earnings results on Thursday, February 22nd. The industrial products company reported $0.48 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.44 by $0.04. Brady had a return on equity of 14.10% and a net margin of 6.82%. The firm had revenue of $287.78 million for the quarter, compared to analysts’ expectations of $277.17 million. During the same period in the previous year, the firm earned $0.40 earnings per share. The business’s revenue was up 7.4% compared to the same quarter last year. sell-side analysts anticipate that Brady Corp will post 1.97 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 30th. Stockholders of record on Monday, April 9th will be paid a dividend of $0.2075 per share. The ex-dividend date is Friday, April 6th. This represents a $0.83 annualized dividend and a dividend yield of 2.15%. Brady’s dividend payout ratio (DPR) is presently 56.08%.

In other news, VP Bentley Curran sold 21,784 shares of the business’s stock in a transaction that occurred on Monday, January 22nd. The stock was sold at an average price of $39.01, for a total transaction of $849,793.84. Following the transaction, the vice president now directly owns 52,597 shares of the company’s stock, valued at $2,051,808.97. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 15.60% of the stock is currently owned by insiders.

A number of equities analysts have commented on BRC shares. Bank of America raised Brady from an “underperform” rating to a “buy” rating and set a $42.00 price target on the stock in a research note on Tuesday, January 2nd. Zacks Investment Research cut Brady from a “buy” rating to a “hold” rating in a research note on Tuesday, November 21st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. Brady currently has an average rating of “Hold” and an average price target of $40.00.

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Brady Profile

Brady Corporation is a manufacturer and supplier of identification solutions and workplace safety products that identify and protect premises, products and people. The Company has two segments: Identification Solutions (IDS) and Workplace Safety (WPS). The IDS segment includes identification and healthcare products, and the WPS segment includes workplace safety and compliance products.

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Institutional Ownership by Quarter for Brady (NYSE:BRC)

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