DekaBank Deutsche Girozentrale Reduces Stock Position in Brady Co. (NYSE:BRC)

DekaBank Deutsche Girozentrale trimmed its stake in shares of Brady Co. (NYSE:BRC) by 6.3% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 524,913 shares of the industrial products company’s stock after selling 35,361 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Brady were worth $39,244,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Blue Trust Inc. boosted its position 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 purchasing an additional 262 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of 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 during the last quarter. Quarry LP grew its position in Brady by 36.1% during the second quarter. Quarry LP now owns 962 shares of the industrial products company’s stock valued at $64,000 after buying an additional 255 shares during the period. EntryPoint Capital LLC purchased a new stake in Brady during the first quarter valued at approximately $66,000. Finally, Quest Partners LLC bought a new position in Brady in the second quarter worth approximately $119,000. Institutional investors own 76.28% of the company’s stock.

Brady Stock Up 1.1 %

NYSE BRC opened at $72.88 on Tuesday. Brady Co. has a 52 week low of $51.35 and a 52 week high of $76.97. The company has a quick ratio of 1.69, a current ratio of 2.27 and a debt-to-equity ratio of 0.09. The company has a market capitalization of $3.46 billion, a P/E ratio of 18.59, a price-to-earnings-growth ratio of 3.47 and a beta of 0.76. The stock’s 50-day moving average price is $74.04 and its 200-day moving average price is $68.48.

Brady (NYSE:BRC) last issued its quarterly earnings results on Friday, September 6th. The industrial products company reported $1.19 earnings per share for the quarter, beating the consensus estimate of $1.11 by $0.08. The business had revenue of $343.40 million for the quarter, compared to the consensus estimate of $351.74 million. Brady had a net margin of 14.70% and a return on equity of 19.84%. The company’s revenue for the quarter was down .7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.04 earnings per share. On average, equities research analysts predict that Brady Co. will post 4.55 earnings per share for the current year.

Brady Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Thursday, October 10th will be paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date is Thursday, October 10th. This is a positive change from Brady’s previous quarterly dividend of $0.24. Brady’s dividend payout ratio is presently 24.49%.

Analyst Ratings Changes

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

Insider Buying and Selling at Brady

In other news, COO Thomas F. Debruine sold 2,851 shares of the company’s stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $75.77, for a total value of $216,020.27. Following the completion of the transaction, the chief operating officer now owns 9,727 shares of the company’s stock, valued at $737,014.79. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, COO Thomas F. Debruine sold 2,851 shares of the business’s stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $75.77, for a total value of $216,020.27. Following the transaction, the chief operating officer now owns 9,727 shares of the company’s stock, valued at approximately $737,014.79. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Russell Shaller sold 21,128 shares of the company’s stock in a transaction on Friday, September 27th. The stock was sold at an average price of $75.30, for a total transaction 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 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 45,262 shares of company stock valued at $3,371,231 over the last ninety days. 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.