Mutual of America Capital Management LLC Sells 754 Shares of Brady Co. (NYSE:BRC)

Mutual of America Capital Management LLC decreased its position in Brady Co. (NYSE:BRC) by 10.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,609 shares of the industrial products company’s stock after selling 754 shares during the period. Mutual of America Capital Management LLC’s holdings in Brady were worth $506,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Natixis Advisors LLC purchased a new position in shares of Brady during the third quarter valued at approximately $792,000. Royce & Associates LP raised its stake in Brady by 27.1% during the 3rd quarter. Royce & Associates LP now owns 555,792 shares of the industrial products company’s stock valued at $42,590,000 after buying an additional 118,557 shares during the last quarter. Chase Investment Counsel Corp bought a new position in shares of Brady during the 3rd quarter valued at $356,000. GSA Capital Partners LLP purchased a new position in shares of Brady in the 3rd quarter worth $645,000. Finally, Entropy Technologies LP bought a new stake in shares of Brady in the third quarter worth $342,000. 76.28% of the stock is owned by hedge funds and other institutional investors.

Brady Trading Down 0.7 %

Brady stock opened at $74.98 on Wednesday. Brady Co. has a 1 year low of $52.99 and a 1 year high of $77.68. The firm’s 50 day moving average price is $74.17 and its 200-day moving average price is $70.45. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.84 and a quick ratio of 1.25. The stock has a market cap of $3.58 billion, a P/E ratio of 18.48 and a beta of 0.76.

Brady (NYSE:BRC) last released its quarterly earnings data on Monday, November 18th. The industrial products company reported $1.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.10 by $0.02. The business had revenue of $377.10 million for the quarter, compared to the consensus estimate of $365.88 million. Brady had a return on equity of 19.79% and a net margin of 14.19%. The company’s revenue was up 13.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.00 EPS. On average, equities analysts predict that Brady Co. will post 4.55 earnings per share for the current fiscal year.

Brady Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Thursday, October 10th were issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 1.28%. This is an increase from Brady’s previous quarterly dividend of $0.24. The ex-dividend date was Thursday, October 10th. Brady’s dividend payout ratio is presently 23.59%.

Insider Buying and Selling

In other news, General Counsel Andrew Gorman sold 8,736 shares of the company’s stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $74.10, for a total value of $647,337.60. Following the completion of the sale, the general counsel now owns 10,140 shares of the company’s stock, valued at approximately $751,374. This represents a 46.28 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Russell Shaller sold 21,128 shares of the business’s stock in a transaction on Friday, September 27th. The stock was sold at an average price of $75.30, for a total value of $1,590,938.40. Following the completion of the transaction, the chief executive officer now directly owns 102,150 shares of the company’s stock, valued at approximately $7,691,895. The trade was a 17.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 45,262 shares of company stock valued at $3,371,231 in the last ninety days. 15.60% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of Brady from a “strong-buy” rating to a “buy” rating in a research note on Friday, October 11th.

About Brady

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.