Brady Co. (NYSE:BRC) Shares Sold by Public Sector Pension Investment Board

Public Sector Pension Investment Board decreased its holdings in shares of Brady Co. (NYSE:BRC) by 5.5% in the 3rd quarter, Holdings Channel.com reports. The firm owned 93,189 shares of the industrial products company’s stock after selling 5,400 shares during the quarter. Public Sector Pension Investment Board’s holdings in Brady were worth $7,141,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in BRC. 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. GAMMA Investing LLC grew its stake in Brady by 337.1% during the 2nd quarter. GAMMA Investing LLC now owns 918 shares of the industrial products company’s stock worth $61,000 after buying an additional 708 shares during the last quarter. Quarry LP increased its position in 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 buying an additional 255 shares during the period. Quest Partners LLC purchased a new stake in Brady in the second quarter valued at approximately $119,000. Finally, Farther Finance Advisors LLC boosted its holdings in shares of Brady by 10,983.3% in the third quarter. Farther Finance Advisors LLC now owns 1,995 shares of the industrial products company’s stock valued at $153,000 after acquiring an additional 1,977 shares during the period. Hedge funds and other institutional investors own 76.28% of the company’s stock.

Insider Buying and Selling

In other news, CEO Russell Shaller sold 21,128 shares of the firm’s stock in a transaction that occurred on Friday, September 27th. The stock was 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 directly owns 102,150 shares of the company’s stock, valued at $7,691,895. This trade represents a 17.14 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, General Counsel Andrew Gorman sold 8,736 shares of the company’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 transaction, the general counsel now directly owns 10,140 shares in the company, valued at $751,374. This represents a 46.28 % decrease in their position. 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. Corporate insiders own 15.60% of the company’s stock.

Brady Stock Performance

NYSE BRC opened at $74.89 on Friday. The firm has a market cap of $3.58 billion, a P/E ratio of 18.40 and a beta of 0.76. Brady Co. has a 52-week low of $54.97 and a 52-week high of $77.68. The business’s 50-day moving average price is $74.23 and its 200 day moving average price is $70.71. 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 earnings results on Monday, November 18th. The industrial products company reported $1.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $365.88 million. During the same quarter in the previous year, the company posted $1.00 earnings per share. The company’s revenue for the quarter was up 13.6% compared to the same quarter last year. On average, equities research analysts expect that Brady Co. will post 4.55 earnings per share for the current year.

Brady Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Thursday, October 10th were paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.28%. This is a positive change from Brady’s previous quarterly dividend of $0.24. The ex-dividend date was Thursday, October 10th. Brady’s payout ratio is 23.59%.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of 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.