Olstein Capital Management L.P. Sells 3,000 Shares of Brady Co. (NYSE:BRC)

Olstein Capital Management L.P. trimmed its position in shares of Brady Co. (NYSE:BRC) by 7.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 37,000 shares of the industrial products company’s stock after selling 3,000 shares during the period. Olstein Capital Management L.P. owned about 0.08% of Brady worth $2,193,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Parkside Financial Bank & Trust boosted its stake in shares of Brady by 293.8% during the fourth quarter. Parkside Financial Bank & Trust now owns 575 shares of the industrial products company’s stock valued at $34,000 after purchasing an additional 429 shares during the period. AXS Investments LLC boosted its position in Brady by 10.3% in the 4th quarter. AXS Investments LLC now owns 3,095 shares of the industrial products company’s stock valued at $182,000 after buying an additional 290 shares during the period. Koshinski Asset Management Inc. bought a new position in Brady in the 4th quarter worth about $208,000. HighTower Advisors LLC purchased a new position in shares of Brady during the third quarter worth approximately $255,000. Finally, BKM Wealth Management LLC bought a new stake in shares of Brady during the fourth quarter valued at approximately $293,000. 76.28% of the stock is owned by hedge funds and other institutional investors.

Brady Stock Up 0.7 %

Shares of NYSE:BRC traded up $0.48 during trading hours on Wednesday, hitting $65.32. The company’s stock had a trading volume of 45,189 shares, compared to its average volume of 307,583. The firm’s fifty day moving average price is $64.03 and its 200 day moving average price is $61.08. Brady Co. has a 52 week low of $46.77 and a 52 week high of $68.80. The company has a market capitalization of $3.10 billion, a price-to-earnings ratio of 16.54, a P/E/G ratio of 2.07 and a beta of 0.77. 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 EPS for the quarter, topping analysts’ consensus estimates of $1.02 by $0.07. The company had revenue of $343.40 million during the quarter, compared to the consensus estimate of $339.80 million. Brady had a net margin of 14.22% and a return on equity of 19.61%. Brady’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.95 earnings per share. As a group, research analysts expect that Brady Co. will post 4.13 EPS for the current year.

Brady Dividend Announcement

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

Insider Buying and Selling at Brady

In other Brady news, Director Nancy Lee Gioia sold 4,250 shares of Brady 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 directly owns 11,551 shares of the company’s stock, valued at $683,819.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Elizabeth P. Bruno sold 2,415 shares of the stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of $60.01, for a total value of $144,924.15. Following the completion of the transaction, the director now directly owns 326,178 shares of the company’s stock, valued at approximately $19,573,941.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Nancy Lee Gioia sold 4,250 shares of the business’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $59.20, for a total transaction of $251,600.00. Following the sale, the director now directly owns 11,551 shares in the company, valued at approximately $683,819.20. The disclosure for this sale can be found here. Insiders own 15.60% of the company’s stock.

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.