10,329 Shares in Brady Co. (NYSE:BRC) Acquired by Natixis Advisors LLC

Natixis Advisors LLC acquired a new position in Brady Co. (NYSE:BRC) during the 3rd quarter, HoldingsChannel.com reports. The firm acquired 10,329 shares of the industrial products company’s stock, valued at approximately $792,000.

Several other institutional investors also recently modified their holdings of the stock. Blue Trust Inc. boosted its stake in Brady by 65.3% in the second quarter. Blue Trust Inc. now owns 663 shares of the industrial products company’s stock worth $44,000 after buying an additional 262 shares in the last quarter. GAMMA Investing LLC boosted its stake in Brady by 337.1% in the second quarter. GAMMA Investing LLC now owns 918 shares of the industrial products company’s stock worth $61,000 after buying an additional 708 shares in the last quarter. Quarry LP boosted its stake in Brady by 36.1% in the second quarter. Quarry LP now owns 962 shares of the industrial products company’s stock worth $64,000 after buying an additional 255 shares in the last quarter. Quest Partners LLC purchased a new stake in Brady in the second quarter worth approximately $119,000. Finally, Farther Finance Advisors LLC boosted its stake in Brady by 10,983.3% in the third quarter. Farther Finance Advisors LLC now owns 1,995 shares of the industrial products company’s stock worth $153,000 after buying an additional 1,977 shares in the last quarter. 76.28% of the stock is currently owned by institutional investors.

Brady Stock Performance

NYSE:BRC opened at $75.02 on Thursday. The firm has a market cap of $3.58 billion, a PE ratio of 18.51 and a beta of 0.76. Brady Co. has a fifty-two week low of $53.64 and a fifty-two week high of $77.68. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.25 and a current ratio of 1.84. The business has a 50 day moving average price of $74.19 and a 200-day moving average price of $70.55.

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

Brady Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Thursday, October 10th were paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date was Thursday, October 10th. This is a positive change from Brady’s previous quarterly dividend of $0.24. Brady’s dividend payout ratio is 23.59%.

Analysts Set New Price Targets

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

Insider Activity

In related news, General Counsel Andrew Gorman sold 8,736 shares of the company’s stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $74.10, for a total transaction of $647,337.60. Following the completion of the transaction, the general counsel now owns 10,140 shares in the company, valued at $751,374. This represents a 46.28 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Russell Shaller sold 21,128 shares of the company’s stock in a transaction that occurred on Friday, September 27th. The shares were sold at an average price of $75.30, for a total value of $1,590,938.40. Following the transaction, the chief executive officer now owns 102,150 shares of the company’s stock, valued at approximately $7,691,895. This represents a 17.14 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 45,262 shares of company stock valued at $3,371,231. 15.60% of the stock is currently owned by company 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.