BKM Wealth Management LLC Decreases Stock Holdings in Brady Co. (NYSE:BRC)

BKM Wealth Management LLC trimmed its stake in shares of Brady Co. (NYSE:BRC) by 20.0% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund 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 filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the stock. Hennion & Walsh Asset Management Inc. raised its holdings in shares of Brady by 9.5% during the first quarter. Hennion & Walsh Asset Management Inc. now owns 12,478 shares of the industrial products company’s stock valued at $740,000 after purchasing an additional 1,082 shares during the last quarter. Point72 Europe London LLP bought a new stake in Brady during the fourth quarter valued at approximately $632,000. Dean Capital Management grew its position in Brady by 5.6% during the fourth quarter. Dean Capital Management now owns 37,412 shares of the industrial products company’s stock valued at $2,196,000 after buying an additional 1,979 shares during the period. Allianz Asset Management GmbH grew its position in Brady by 73.0% during the fourth quarter. Allianz Asset Management GmbH now owns 140,954 shares of the industrial products company’s stock valued at $8,273,000 after buying an additional 59,488 shares during the period. Finally, TD Asset Management Inc bought a new stake in Brady during the fourth quarter valued at approximately $1,819,000. 76.28% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Brady news, Director Nancy Lee Gioia sold 4,250 shares of the company’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $59.20, for a total value of $251,600.00. Following the completion of the transaction, the director now directly owns 11,551 shares in the company, valued at $683,819.20. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, Director Nancy Lee Gioia sold 4,250 shares of the business’s stock in a transaction on 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 owns 11,551 shares of the company’s stock, valued at $683,819.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Elizabeth P. Bruno sold 2,415 shares of the business’s stock in a transaction on Monday, April 8th. The stock was 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 directly owns 326,178 shares in the company, valued at approximately $19,573,941.78. The disclosure for this sale can be found here. Company insiders own 15.60% of the company’s stock.

Brady Stock Performance

BRC opened at $65.09 on Tuesday. The firm has a market cap of $3.09 billion, a P/E ratio of 16.60, a PEG ratio of 2.07 and a beta of 0.77. Brady Co. has a 1-year low of $46.77 and a 1-year high of $68.80. The company has a 50 day simple moving average of $63.92 and a two-hundred day simple moving average of $61.04. 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 posted its quarterly earnings results on Wednesday, May 22nd. The industrial products company reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates of $1.02 by $0.07. The business had revenue of $343.40 million during the quarter, compared to analyst estimates of $339.80 million. Brady had a net margin of 14.22% and a return on equity of 19.61%. The company’s revenue was up 1.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.95 earnings per share. Equities analysts forecast that Brady Co. will post 4.13 earnings per share for the current fiscal year.

Brady Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Wednesday, July 10th will be given a $0.235 dividend. The ex-dividend date is Wednesday, July 10th. This represents a $0.94 dividend on an annualized basis and a dividend yield of 1.44%. Brady’s payout ratio is currently 23.98%.

Brady 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.