Stifel Financial Corp Raises Position in Brady Co. (NYSE:BRC)

Stifel Financial Corp raised its position in Brady Co. (NYSE:BRC) by 0.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 54,396 shares of the industrial products company’s stock after buying an additional 197 shares during the period. Stifel Financial Corp owned about 0.11% of Brady worth $4,168,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. FMR LLC boosted its stake in Brady by 39.5% during the 3rd quarter. FMR LLC now owns 2,658,925 shares of the industrial products company’s stock worth $203,753,000 after purchasing an additional 753,092 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Brady by 1.7% during the second quarter. Dimensional Fund Advisors LP now owns 1,510,180 shares of the industrial products company’s stock worth $99,701,000 after buying an additional 24,786 shares in the last quarter. DekaBank Deutsche Girozentrale grew its holdings in Brady by 23.5% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 560,274 shares of the industrial products company’s stock valued at $36,631,000 after buying an additional 106,652 shares in the last quarter. Royce & Associates LP increased its stake in shares of Brady by 27.1% in the 3rd quarter. Royce & Associates LP now owns 555,792 shares of the industrial products company’s stock worth $42,590,000 after acquiring an additional 118,557 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC raised its holdings in shares of Brady by 20.8% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 479,057 shares of the industrial products company’s stock worth $36,710,000 after acquiring an additional 82,438 shares during the period. 76.28% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling at Brady

In other news, General Counsel Andrew Gorman sold 8,736 shares of Brady stock in a transaction on Wednesday, September 18th. The stock was 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 directly owns 10,140 shares of the company’s stock, valued at approximately $751,374. The trade was a 46.28 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Russell Shaller sold 21,128 shares of the firm’s stock in a transaction dated 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 $7,691,895. This trade represents a 17.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 32,715 shares of company stock worth $2,454,296 over the last three months. Insiders own 15.60% of the company’s stock.

Brady Stock Down 0.7 %

Shares of NYSE BRC opened at $75.60 on Monday. The company has a market capitalization of $3.61 billion, a P/E ratio of 18.57 and a beta of 0.77. 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 company has a 50 day simple moving average of $74.26 and a 200-day simple moving average of $71.60. Brady Co. has a 1 year low of $56.09 and a 1 year high of $77.68.

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

Brady Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 10th will be paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 1.27%. The ex-dividend date of this dividend is Friday, January 10th. Brady’s dividend payout ratio (DPR) is presently 23.59%.

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.