Brady Co. (NYSE:BRC) Shares Sold by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. trimmed its holdings in Brady Co. (NYSE:BRC) by 15.8% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,507 shares of the industrial products company’s stock after selling 472 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Brady were worth $189,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Blue Trust Inc. lifted its position 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 worth $44,000 after buying an additional 262 shares during the last quarter. GAMMA Investing LLC boosted its stake in Brady by 337.1% in the second quarter. GAMMA Investing LLC now owns 918 shares of the industrial products company’s stock valued at $61,000 after acquiring an additional 708 shares in the last quarter. Quarry LP grew its holdings in shares of Brady by 36.1% during the second quarter. Quarry LP now owns 962 shares of the industrial products company’s stock worth $64,000 after purchasing an additional 255 shares during the last quarter. EntryPoint Capital LLC acquired a new stake in shares of Brady during the first quarter worth about $66,000. Finally, Quest Partners LLC purchased a new stake in shares of Brady in the 2nd quarter valued at about $119,000. 76.28% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at Brady

In other news, CEO Russell Shaller sold 12,547 shares of Brady stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $73.08, for a total value of $916,934.76. Following the sale, the chief executive officer now owns 102,905 shares of the company’s stock, valued at $7,520,297.40. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Brady news, General Counsel Andrew Gorman sold 8,736 shares of the firm’s 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 owns 10,140 shares of the company’s stock, valued at approximately $751,374. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Russell Shaller sold 12,547 shares of the company’s 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 transaction, the chief executive officer now directly owns 102,905 shares in the company, valued at approximately $7,520,297.40. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 45,262 shares of company stock valued at $3,371,231. 15.60% of the stock is owned by company insiders.

Brady Stock Up 0.4 %

Shares of NYSE:BRC opened at $71.45 on Monday. 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 stock has a market cap of $3.40 billion, a P/E ratio of 17.56, a P/E/G ratio of 3.29 and a beta of 0.76. Brady Co. has a 1-year low of $51.76 and a 1-year high of $76.97. The firm has a fifty day moving average price of $74.00 and a 200 day moving average price of $68.78.

Brady (NYSE:BRC) last issued its quarterly earnings results on Friday, September 6th. The industrial products company reported $1.19 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $351.74 million. During the same quarter in the previous year, the firm posted $1.04 EPS. The firm’s revenue for the quarter was down .7% on a year-over-year basis. Sell-side analysts predict that Brady Co. will post 4.55 EPS for the current year.

Brady Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Thursday, October 10th were given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 1.34%. This is a positive change from Brady’s previous quarterly dividend of $0.24. The ex-dividend date was Thursday, October 10th. Brady’s dividend payout ratio (DPR) is 23.59%.

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.