C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Takes Position in Brady Co. (NYSE:BRC)

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new stake in shares of Brady Co. (NYSE:BRC) in the third quarter, according to its most recent Form 13F filing with the SEC. The fund bought 3,279 shares of the industrial products company’s stock, valued at approximately $251,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Swedbank AB acquired a new stake in shares of Brady in the 1st quarter worth approximately $13,439,000. DekaBank Deutsche Girozentrale raised its holdings in shares of Brady by 23.5% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 560,274 shares of the industrial products company’s stock worth $36,631,000 after purchasing an additional 106,652 shares in the last quarter. Lord Abbett & CO. LLC raised its holdings in shares of Brady by 21.1% in the 1st quarter. Lord Abbett & CO. LLC now owns 610,505 shares of the industrial products company’s stock worth $36,190,000 after purchasing an additional 106,219 shares in the last quarter. Thrivent Financial for Lutherans raised its holdings in shares of Brady by 231.8% during the second quarter. Thrivent Financial for Lutherans now owns 132,019 shares of the industrial products company’s stock valued at $8,716,000 after acquiring an additional 92,228 shares during the period. Finally, SG Americas Securities LLC grew its position in Brady by 1,135.8% during the 2nd quarter. SG Americas Securities LLC now owns 65,211 shares of the industrial products company’s stock worth $4,305,000 after purchasing an additional 59,934 shares in the last quarter. 76.28% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Brady

In other 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 owns 9,727 shares in the company, valued at approximately $737,014.79. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Brady news, COO Thomas F. Debruine sold 2,851 shares of the firm’s stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $75.77, for a total value of $216,020.27. Following the transaction, the chief operating officer now directly owns 9,727 shares of the company’s stock, valued at $737,014.79. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel Andrew Gorman sold 8,736 shares of Brady stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $74.10, for a total transaction of $647,337.60. Following the sale, the general counsel now owns 10,140 shares in the company, valued at approximately $751,374. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 45,262 shares of company stock worth $3,371,231. Company insiders own 15.60% 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.

Brady Price Performance

NYSE BRC opened at $73.93 on Friday. Brady Co. has a twelve month low of $51.35 and a twelve month high of $76.97. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.69 and a current ratio of 2.27. The stock has a market capitalization of $3.51 billion, a PE ratio of 18.86, a P/E/G ratio of 3.49 and a beta of 0.76. The stock has a 50-day simple moving average of $73.02 and a 200 day simple moving average of $67.11.

Brady (NYSE:BRC) last issued its earnings results on Friday, September 6th. The industrial products company reported $1.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.11 by $0.08. The business had revenue of $343.40 million during the quarter, compared to analysts’ expectations of $351.74 million. Brady had a return on equity of 19.84% and a net margin of 14.70%. Brady’s quarterly revenue was down .7% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.04 EPS. Research analysts anticipate that Brady Co. will post 4.55 EPS for the current year.

Brady Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Thursday, October 10th will be issued a dividend of $0.24 per share. The ex-dividend date is 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 1.30%. Brady’s payout ratio is presently 24.49%.

Brady 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.