Fmr LLC Has $203.75 Million Stake in Brady Co. (NYSE:BRC)

Fmr LLC boosted its holdings in shares of Brady Co. (NYSE:BRC) by 39.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,658,925 shares of the industrial products company’s stock after buying an additional 753,092 shares during the period. Fmr LLC owned about 5.59% of Brady worth $203,753,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Blue Trust Inc. boosted 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 valued at $44,000 after acquiring an additional 262 shares in the last quarter. GAMMA Investing LLC boosted its holdings in Brady by 337.1% during the second quarter. GAMMA Investing LLC now owns 918 shares of the industrial products company’s stock valued at $61,000 after purchasing an additional 708 shares in the last quarter. Quarry LP grew its stake in shares of Brady by 36.1% in the 2nd quarter. Quarry LP now owns 962 shares of the industrial products company’s stock valued at $64,000 after purchasing an additional 255 shares during the period. Quest Partners LLC acquired a new position in shares of Brady in the 2nd quarter worth approximately $119,000. Finally, Farther Finance Advisors LLC lifted its position in shares of Brady by 10,983.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,995 shares of the industrial products company’s stock worth $153,000 after buying an additional 1,977 shares during the period. Institutional investors own 76.28% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Insider Activity at Brady

In other Brady news, 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 completion of the sale, the chief executive officer now owns 102,150 shares in the company, valued at approximately $7,691,895. This trade represents a 17.14 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, COO Thomas F. Debruine sold 2,851 shares of the company’s stock in a transaction that occurred 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 transaction, the chief operating officer now owns 9,727 shares in the company, valued at $737,014.79. The trade was a 22.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 45,262 shares of company stock valued at $3,371,231 over the last ninety days. 15.60% of the stock is owned by insiders.

Brady Trading Up 0.7 %

Shares of BRC stock opened at $75.38 on Tuesday. The company has a market capitalization of $3.60 billion, a P/E ratio of 18.33 and a beta of 0.76. Brady Co. has a 12-month low of $55.97 and a 12-month high of $77.68. The company has a quick ratio of 1.25, a current ratio of 1.84 and a debt-to-equity ratio of 0.11. The firm has a 50-day moving average price of $74.23 and a 200 day moving average price of $70.85.

Brady (NYSE:BRC) last announced its earnings results on Monday, November 18th. The industrial products company reported $1.12 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 business had revenue of $377.10 million for the quarter, compared to the consensus estimate of $365.88 million. During the same period in the previous year, the business earned $1.00 EPS. Brady’s revenue was up 13.6% compared to the same quarter last year. Research analysts forecast 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 was paid on Thursday, October 31st. Stockholders of record on Thursday, October 10th were paid a $0.24 dividend. The ex-dividend date of this dividend was Thursday, October 10th. This is a positive change from Brady’s previous quarterly dividend of $0.24. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.27%. 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.