Aristides Capital LLC Has $287,000 Stake in Brady Co. (NYSE:BRC)

Aristides Capital LLC grew its holdings in Brady Co. (NYSE:BRC) by 7.2% in the second quarter, HoldingsChannel reports. The fund owned 4,343 shares of the industrial products company’s stock after buying an additional 292 shares during the period. Aristides Capital LLC’s holdings in Brady were worth $287,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of BRC. Lord Abbett & CO. LLC boosted its stake in Brady by 21.1% in the first quarter. Lord Abbett & CO. LLC now owns 610,505 shares of the industrial products company’s stock valued at $36,190,000 after buying an additional 106,219 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Brady by 101.9% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 39,503 shares of the industrial products company’s stock valued at $2,207,000 after buying an additional 19,942 shares during the period. Swedbank AB increased its holdings in Brady by 54.4% in the second quarter. Swedbank AB now owns 350,000 shares of the industrial products company’s stock worth $23,107,000 after purchasing an additional 123,296 shares in the last quarter. GSA Capital Partners LLP bought a new position in shares of Brady during the 1st quarter worth approximately $1,051,000. Finally, Capstone Investment Advisors LLC bought a new position in shares of Brady during the 1st quarter worth approximately $739,000. 76.28% of the stock is currently owned by institutional investors and hedge funds.

Brady Stock Performance

BRC opened at $76.60 on Tuesday. Brady Co. has a 1-year low of $51.35 and a 1-year high of $76.97. The company has a market cap of $3.64 billion, a price-to-earnings ratio of 19.54, a PEG ratio of 3.49 and a beta of 0.76. The company’s fifty day moving average price is $72.53 and its two-hundred day moving average price is $66.32. The company has a current ratio of 2.27, a quick ratio of 1.69 and a debt-to-equity ratio of 0.09.

Brady (NYSE:BRC) last issued its quarterly earnings data on Friday, September 6th. The industrial products company reported $1.19 EPS for the quarter, topping the consensus estimate of $1.11 by $0.08. Brady had a return on equity of 19.84% and a net margin of 14.70%. The firm had revenue of $343.40 million during the quarter, compared to the consensus estimate of $351.74 million. During the same period in the prior year, the business posted $1.04 earnings per share. The company’s quarterly revenue was down .7% compared to the same quarter last year. On average, analysts expect that Brady Co. will post 4.55 EPS 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 given a dividend of $0.24 per share. 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. This represents a $0.96 annualized dividend and a dividend yield of 1.25%. Brady’s dividend payout ratio (DPR) is currently 24.49%.

Insiders Place Their Bets

In other Brady news, COO Thomas F. Debruine sold 2,851 shares of the stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $75.77, for a total transaction of $216,020.27. Following the completion of the transaction, the chief operating officer now directly owns 9,727 shares of the company’s stock, valued at $737,014.79. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, COO Thomas F. Debruine sold 2,851 shares of the business’s stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $75.77, for a total transaction of $216,020.27. Following the completion of the transaction, the chief operating officer now directly owns 9,727 shares in the company, valued at $737,014.79. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Russell Shaller sold 12,547 shares of the company’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $73.08, for a total value of $916,934.76. Following the completion of the transaction, the chief executive officer now owns 102,905 shares in the company, valued at $7,520,297.40. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 45,262 shares of company stock valued at $3,371,231. Company 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 report on Wednesday, September 25th.

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.