Point72 Asia Singapore Pte. Ltd. Has $184,000 Stock Holdings in Brady Co. (NYSE:BRC)

Point72 Asia Singapore Pte. Ltd. lowered its position in shares of Brady Co. (NYSE:BRC) by 79.3% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,783 shares of the industrial products company’s stock after selling 10,638 shares during the quarter. Point72 Asia Singapore Pte. Ltd.’s holdings in Brady were worth $184,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Raymond James & Associates increased its holdings in shares of Brady by 0.3% during the second quarter. Raymond James & Associates now owns 46,010 shares of the industrial products company’s stock worth $3,038,000 after buying an additional 144 shares in the last quarter. Andina Capital Management LLC increased its holdings in Brady by 3.2% during the 2nd quarter. Andina Capital Management LLC now owns 5,531 shares of the industrial products company’s stock valued at $365,000 after purchasing an additional 169 shares in the last quarter. Arizona State Retirement System raised its position in Brady by 1.9% in the 2nd quarter. Arizona State Retirement System now owns 12,540 shares of the industrial products company’s stock valued at $828,000 after purchasing an additional 230 shares during the last quarter. Hennion & Walsh Asset Management Inc. boosted its stake in Brady by 2.0% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 12,729 shares of the industrial products company’s stock worth $840,000 after purchasing an additional 251 shares in the last quarter. Finally, Blue Trust Inc. grew its holdings in shares of Brady by 65.3% during 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. 76.28% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Brady from a “buy” rating to a “strong-buy” rating in a report on Wednesday.

Brady Stock Performance

Shares of Brady stock opened at $76.04 on Friday. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.27 and a quick ratio of 1.69. The firm has a 50 day simple moving average of $72.32 and a 200 day simple moving average of $65.94. Brady Co. has a fifty-two week low of $51.35 and a fifty-two week high of $76.97. The firm has a market cap of $3.61 billion, a P/E ratio of 19.40, a P/E/G ratio of 3.49 and a beta of 0.76.

Brady (NYSE:BRC) last released its earnings results on Friday, September 6th. The industrial products company reported $1.19 EPS for the quarter, beating the consensus estimate 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 return on equity of 19.84% and a net margin of 14.70%. The business’s revenue for the quarter was down .7% on a year-over-year basis. During the same period last year, the firm earned $1.04 EPS. Sell-side analysts predict that Brady Co. will post 4.55 earnings per share for the current fiscal year.

Brady Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Thursday, October 10th will be paid a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 1.26%. The ex-dividend date of this dividend is Thursday, October 10th. This is a positive change from Brady’s previous quarterly dividend of $0.24. Brady’s dividend payout ratio (DPR) is 24.49%.

Insider Transactions at Brady

In related news, General Counsel Andrew Gorman sold 8,736 shares of the 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 transaction, the general counsel now directly owns 10,140 shares in the company, valued at $751,374. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CEO Russell Shaller sold 12,547 shares of Brady stock in a transaction 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 completion of the sale, the chief executive officer now directly owns 102,905 shares of the company’s stock, valued at $7,520,297.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, General Counsel Andrew Gorman sold 8,736 shares of the stock in a transaction dated 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 transaction, the general counsel now directly owns 10,140 shares in the company, valued at approximately $751,374. The disclosure for this sale can be found here. 15.60% of the stock is owned by corporate insiders.

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.