Algert Global LLC Has $12.52 Million Position in Brady Co. (NYSE:BRC)

Algert Global LLC lessened its position in shares of Brady Co. (NYSE:BRC) by 10.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 163,336 shares of the industrial products company’s stock after selling 18,290 shares during the period. Algert Global LLC’s holdings in Brady were worth $12,516,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in BRC. Vanguard Group Inc. lifted its stake in Brady by 0.6% during the first quarter. Vanguard Group Inc. now owns 5,307,191 shares of the industrial products company’s stock worth $314,610,000 after purchasing an additional 32,437 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Brady by 1.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,510,180 shares of the industrial products company’s stock worth $99,701,000 after buying an additional 24,786 shares in the last quarter. DekaBank Deutsche Girozentrale lifted its position in shares of Brady by 23.5% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 560,274 shares of the industrial products company’s stock worth $36,631,000 after buying an additional 106,652 shares during the last quarter. Royce & Associates LP boosted its stake in Brady by 27.1% in the third quarter. Royce & Associates LP now owns 555,792 shares of the industrial products company’s stock valued at $42,590,000 after buying an additional 118,557 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC grew its position in Brady by 20.8% in the third quarter. Allspring Global Investments Holdings LLC now owns 479,057 shares of the industrial products company’s stock valued at $36,710,000 after acquiring an additional 82,438 shares during the last quarter. Institutional investors and hedge funds own 76.28% of the company’s stock.

Insider Transactions at Brady

In other Brady news, COO Thomas F. Debruine sold 2,851 shares of the business’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 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 approximately $737,014.79. The trade was a 22.67 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Russell Shaller sold 12,547 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $73.08, for a total transaction of $916,934.76. Following the sale, the chief executive officer now directly owns 102,905 shares of the company’s stock, valued at approximately $7,520,297.40. This trade represents a 10.87 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 45,262 shares of company stock worth $3,371,231. Company insiders own 15.60% of the company’s stock.

Brady Stock Performance

Shares of Brady stock opened at $72.78 on Friday. The company’s 50 day moving average price is $74.15 and its two-hundred day moving average price is $70.22. The firm has a market capitalization of $3.48 billion, a P/E ratio of 17.88, a P/E/G ratio of 3.29 and a beta of 0.76. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.84 and a quick ratio of 1.69. Brady Co. has a fifty-two week low of $52.99 and a fifty-two week high of $77.68.

Brady (NYSE:BRC) last issued its quarterly earnings data on Monday, November 18th. The industrial products company reported $1.12 earnings per share for the quarter, topping analysts’ consensus estimates of $1.10 by $0.02. The business 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%. Brady’s quarterly revenue was up 13.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.00 EPS. On average, equities analysts forecast that Brady Co. will post 4.55 earnings per share for the current fiscal year.

Brady Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Thursday, October 10th were issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 1.32%. 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. Brady’s dividend payout ratio (DPR) is 23.59%.

Analyst Upgrades and Downgrades

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.