Brady Co. (NYSE:BRC) Shares Sold by Acadian Asset Management LLC

Acadian Asset Management LLC trimmed its position in Brady Co. (NYSE:BRC) by 95.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,633 shares of the industrial products company’s stock after selling 150,771 shares during the quarter. Acadian Asset Management LLC’s holdings in Brady were worth $437,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the company. SYSTM Wealth Solutions LLC purchased a new position in shares of Brady during the first quarter worth $35,000. Blue Trust Inc. raised its stake in shares of Brady by 65.3% during the 2nd quarter. Blue Trust Inc. now owns 663 shares of the industrial products company’s stock valued at $44,000 after buying an additional 262 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of Brady by 337.1% in the 2nd quarter. GAMMA Investing LLC now owns 918 shares of the industrial products company’s stock valued at $61,000 after buying an additional 708 shares during the period. EntryPoint Capital LLC purchased a new stake in shares of Brady in the first quarter worth about $66,000. Finally, 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 worth $182,000 after purchasing an additional 290 shares in the last quarter. Hedge funds and other institutional investors own 76.28% of the company’s stock.

Brady Trading Down 0.1 %

BRC stock opened at $73.65 on Thursday. The company has a quick ratio of 1.69, a current ratio of 2.27 and a debt-to-equity ratio of 0.09. Brady Co. has a 52-week low of $51.35 and a 52-week high of $76.82. The company’s 50-day simple moving average is $71.19 and its 200-day simple moving average is $65.20. The firm has a market cap of $3.50 billion, a P/E ratio of 18.79, a PEG ratio of 3.36 and a beta of 0.76.

Brady (NYSE:BRC) last posted its quarterly earnings data on Friday, September 6th. The industrial products company reported $1.19 earnings per share for the quarter, topping analysts’ consensus estimates of $1.11 by $0.08. The company had revenue of $343.40 million during the quarter, compared to analysts’ expectations of $351.74 million. Brady had a net margin of 14.70% and a return on equity of 19.84%. The firm’s revenue for the quarter was down .7% on a year-over-year basis. During the same period in the prior year, the business posted $1.04 earnings per share. As a group, equities analysts forecast that Brady Co. will post 4.55 EPS for the current fiscal year.

Brady Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Thursday, October 10th will be paid a $0.24 dividend. This is an increase from Brady’s previous quarterly dividend of $0.24. This represents a $0.96 annualized dividend and a yield of 1.30%. The ex-dividend date of this dividend is Thursday, October 10th. Brady’s dividend payout ratio is currently 24.49%.

Insider Transactions at Brady

In related news, CEO Russell Shaller sold 12,547 shares of Brady stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $73.08, for a total transaction of $916,934.76. Following the transaction, the chief executive officer now owns 102,905 shares in the company, valued at $7,520,297.40. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 15.60% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Brady from a “buy” rating to a “strong-buy” rating in a research note on Sunday.

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.