Jackson Creek Investment Advisors LLC Invests $959,000 in Brady Co. (NYSE:BRC)

Jackson Creek Investment Advisors LLC purchased a new position in shares of Brady Co. (NYSE:BRC) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 16,342 shares of the industrial products company’s stock, valued at approximately $959,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Parkside Financial Bank & Trust boosted its position in shares of Brady by 293.8% during the 4th quarter. Parkside Financial Bank & Trust now owns 575 shares of the industrial products company’s stock worth $34,000 after purchasing an additional 429 shares during the period. NBC Securities Inc. purchased a new position in shares of Brady during the 3rd quarter worth approximately $164,000. Koshinski Asset Management Inc. purchased a new position in shares of Brady during the 4th quarter worth approximately $208,000. Fox Run Management L.L.C. purchased a new position in shares of Brady during the 3rd quarter worth approximately $209,000. Finally, Ifrah Financial Services Inc. purchased a new position in shares of Brady during the 3rd quarter worth approximately $213,000. Institutional investors and hedge funds own 76.28% of the company’s stock.

Insider Activity

In other news, Director Elizabeth P. Bruno sold 2,415 shares of the firm’s stock in a transaction 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 sale, the director now directly owns 326,178 shares in the company, valued at approximately $19,573,941.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Elizabeth P. Bruno sold 19,030 shares of Brady stock in a transaction on Monday, March 18th. The shares were sold at an average price of $58.41, for a total transaction of $1,111,542.30. Following the sale, the director now directly owns 342,115 shares in the company, valued at approximately $19,982,937.15. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Elizabeth P. Bruno sold 2,415 shares of Brady 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 sale, 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. 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 corporate insiders.

Brady Stock Down 1.0 %

BRC stock traded down $0.57 during midday trading on Tuesday, hitting $59.00. The company’s stock had a trading volume of 187,615 shares, compared to its average volume of 349,607. The company has a quick ratio of 1.44, a current ratio of 2.13 and a debt-to-equity ratio of 0.05. Brady Co. has a 52-week low of $46.77 and a 52-week high of $63.02. The firm has a market capitalization of $2.85 billion, a P/E ratio of 15.40, a PEG ratio of 2.13 and a beta of 0.77. The firm has a 50-day simple moving average of $58.79 and a 200-day simple moving average of $57.82.

Brady (NYSE:BRC) last issued its quarterly earnings results on Thursday, February 22nd. The industrial products company reported $0.93 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts’ expectations of $339.61 million. During the same quarter last year, the company posted $0.81 EPS. The firm’s revenue was down 1.1% compared to the same quarter last year. As a group, equities analysts forecast that Brady Co. will post 4 EPS for the current year.

Brady Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, April 9th will be issued 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 1.59%. Brady’s payout ratio is 24.54%.

Analyst Ratings Changes

BRC has been the subject of a number of research analyst reports. StockNews.com cut shares of Brady from a “strong-buy” rating to a “buy” rating in a research report on Monday, February 26th. Bank of America raised shares of Brady from an “underperform” rating to a “buy” rating and increased their price objective for the stock from $51.00 to $65.00 in a research report on Tuesday, January 2nd.

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.