Brady Co. (NYSE:BRC) Shares Purchased by Quadrature Capital Ltd

Quadrature Capital Ltd raised its stake in Brady Co. (NYSE:BRC) by 31.5% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 7,990 shares of the industrial products company’s stock after purchasing an additional 1,913 shares during the period. Quadrature Capital Ltd’s holdings in Brady were worth $612,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Blue Trust Inc. boosted its holdings in Brady by 65.3% in 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 period. Point72 DIFC Ltd increased its position in Brady by 161.4% in the third quarter. Point72 DIFC Ltd now owns 651 shares of the industrial products company’s stock worth $50,000 after buying an additional 402 shares during the period. Quarry LP grew its position 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 acquiring an additional 255 shares during the last quarter. Quest Partners LLC bought a new stake in Brady in the 2nd quarter valued at about $119,000. Finally, GAMMA Investing LLC grew its position in Brady by 91.1% in the 3rd quarter. GAMMA Investing LLC now owns 1,754 shares of the industrial products company’s stock worth $134,000 after purchasing an additional 836 shares during the last quarter. Institutional investors own 76.28% of the company’s stock.

Insider Buying and Selling at Brady

In other Brady news, CEO Russell Shaller sold 12,547 shares of the business’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $73.08, for a total value of $916,934.76. Following the transaction, the chief executive officer now owns 102,905 shares in the company, valued at $7,520,297.40. The trade was a 10.87 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, General Counsel Andrew Gorman sold 8,736 shares of the firm’s stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $74.10, for a total value of $647,337.60. Following the sale, the general counsel now directly owns 10,140 shares of the company’s stock, valued at $751,374. This trade represents a 46.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 45,262 shares of company stock valued at $3,371,231 in the last three months. 15.60% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

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

Brady Trading Down 1.4 %

Shares of Brady stock opened at $74.10 on Monday. The business has a fifty day simple moving average of $74.16 and a 200-day simple moving average of $71.32. Brady Co. has a fifty-two week low of $56.09 and a fifty-two week high of $77.68. The firm has a market cap of $3.54 billion, a price-to-earnings ratio of 18.21 and a beta of 0.77. 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 announced its quarterly earnings data on Monday, November 18th. The industrial products company reported $1.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.10 by $0.02. Brady had a net margin of 14.19% and a return on equity of 19.79%. The company had revenue of $377.10 million for the quarter, compared to analysts’ expectations of $365.88 million. During the same quarter in the previous year, the company posted $1.00 EPS. The business’s revenue was up 13.6% compared to the same quarter last year. On average, equities analysts forecast that Brady Co. will post 4.55 EPS for the current fiscal year.

Brady Dividend Announcement

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 issued a dividend of $0.24 per share. The ex-dividend date 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 is currently 23.59%.

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.