Jane Street Group LLC Sells 933 Shares of Brady Co. (NYSE:BRC)

Jane Street Group LLC reduced its stake in Brady Co. (NYSE:BRC) by 1.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 54,232 shares of the industrial products company’s stock after selling 933 shares during the period. Jane Street Group LLC owned about 0.11% of Brady worth $4,156,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Blue Trust Inc. boosted its position in Brady by 65.3% in the second quarter. Blue Trust Inc. now owns 663 shares of the industrial products company’s stock valued at $44,000 after buying an additional 262 shares in the last quarter. Point72 DIFC Ltd boosted its holdings in shares of Brady by 161.4% during the 3rd quarter. Point72 DIFC Ltd now owns 651 shares of the industrial products company’s stock valued at $50,000 after acquiring an additional 402 shares in the last quarter. Quarry LP grew its position in Brady by 36.1% during the 2nd quarter. Quarry LP now owns 962 shares of the industrial products company’s stock worth $64,000 after acquiring an additional 255 shares during the last quarter. Quest Partners LLC acquired a new position in Brady in the 2nd quarter worth about $119,000. Finally, GAMMA Investing LLC raised its position in Brady by 91.1% in the third quarter. GAMMA Investing LLC now owns 1,754 shares of the industrial products company’s stock valued at $134,000 after purchasing an additional 836 shares during the last quarter. 76.28% of the stock is owned by institutional investors.

Insider Activity

In other Brady news, COO Thomas F. Debruine sold 2,851 shares of the 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 directly owns 9,727 shares in the company, valued at approximately $737,014.79. This represents a 22.67 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Russell Shaller sold 21,128 shares of Brady stock in a transaction on Friday, September 27th. The shares were sold at an average price of $75.30, for a total transaction of $1,590,938.40. Following the completion of the sale, the chief executive officer now owns 102,150 shares of the company’s stock, valued at $7,691,895. This represents a 17.14 % decrease in their position. The disclosure for this sale can be found here. Insiders own 15.60% of the company’s stock.

Brady Stock Performance

Shares of Brady stock opened at $73.77 on Thursday. The stock has a market cap of $3.52 billion, a price-to-earnings ratio of 18.13 and a beta of 0.77. Brady Co. has a twelve month low of $56.09 and a twelve month high of $77.68. The company’s fifty day moving average is $74.30 and its 200 day moving average is $71.74. The company has a quick ratio of 1.25, a current ratio of 1.84 and a debt-to-equity ratio of 0.11.

Brady (NYSE:BRC) last released its quarterly earnings results on Monday, November 18th. The industrial products company reported $1.12 EPS for the quarter, beating analysts’ consensus estimates of $1.10 by $0.02. The firm had revenue of $377.10 million for the quarter, compared to analyst estimates of $365.88 million. Brady had a return on equity of 19.79% and a net margin of 14.19%. The business’s revenue was up 13.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.00 EPS. Sell-side analysts forecast that Brady Co. will post 4.55 EPS for the current year.

Brady Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 10th will be given a $0.24 dividend. The ex-dividend date of this dividend is Friday, January 10th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.30%. Brady’s dividend payout ratio (DPR) is currently 23.59%.

Analysts Set New Price Targets

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

Brady Company 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.