BKM Wealth Management LLC Sells 1,000 Shares of Brady Co. (NYSE:BRC)

BKM Wealth Management LLC reduced its stake in Brady Co. (NYSE:BRC) by 20.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,000 shares of the industrial products company’s stock after selling 1,000 shares during the period. BKM Wealth Management LLC’s holdings in Brady were worth $237,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BRC. HighTower Advisors LLC bought a new stake in Brady in the third quarter valued at $255,000. FMR LLC grew its holdings in shares of Brady by 393.7% during the third quarter. FMR LLC now owns 65,913 shares of the industrial products company’s stock valued at $3,620,000 after buying an additional 52,562 shares during the last quarter. Invesco Ltd. grew its holdings in shares of Brady by 2.5% during the third quarter. Invesco Ltd. now owns 183,967 shares of the industrial products company’s stock valued at $10,103,000 after buying an additional 4,458 shares during the last quarter. Hsbc Holdings PLC grew its holdings in shares of Brady by 240.6% during the third quarter. Hsbc Holdings PLC now owns 22,681 shares of the industrial products company’s stock valued at $1,253,000 after buying an additional 16,021 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of Brady by 40.5% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 24,378 shares of the industrial products company’s stock valued at $1,339,000 after buying an additional 7,031 shares during the last quarter. 76.28% of the stock is owned by institutional investors.

Brady Stock Down 1.4 %

Shares of NYSE BRC opened at $65.09 on Tuesday. The stock has a market capitalization of $3.09 billion, a P/E ratio of 16.60, a P/E/G ratio of 2.07 and a beta of 0.77. The company has a 50-day moving average price of $63.92 and a 200-day moving average price of $61.04. Brady Co. has a 1 year low of $46.77 and a 1 year high of $68.80. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.06 and a quick ratio of 1.45.

Brady (NYSE:BRC) last issued its quarterly earnings data on Wednesday, May 22nd. The industrial products company reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.02 by $0.07. Brady had a net margin of 14.22% and a return on equity of 19.61%. The firm had revenue of $343.40 million during the quarter, compared to analysts’ expectations of $339.80 million. During the same period last year, the company earned $0.95 earnings per share. The business’s revenue was up 1.9% on a year-over-year basis. On average, equities research analysts forecast that Brady Co. will post 4.13 EPS for the current fiscal year.

Brady Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Wednesday, July 10th will be issued a dividend of $0.235 per share. This represents a $0.94 annualized dividend and a yield of 1.44%. The ex-dividend date is Wednesday, July 10th. Brady’s dividend payout ratio (DPR) is presently 23.98%.

Insider Buying and Selling

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

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.