Quest Partners LLC Has $2.81 Million Position in Brady Co. (NYSE:BRC)

Quest Partners LLC boosted its holdings in shares of Brady Co. (NYSE:BRC) by 1,932.7% in the third quarter, according to its most recent filing with the SEC. The firm owned 36,691 shares of the industrial products company’s stock after acquiring an additional 34,886 shares during the period. Quest Partners LLC’s holdings in Brady were worth $2,812,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Blue Trust Inc. grew its stake 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 period. GAMMA Investing LLC grew its position in shares of 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 period. Quarry LP increased its stake in shares of Brady by 36.1% in the 2nd quarter. Quarry LP now owns 962 shares of the industrial products company’s stock valued at $64,000 after acquiring an additional 255 shares during the last quarter. EntryPoint Capital LLC acquired a new stake in shares of Brady in the 1st quarter valued at approximately $66,000. Finally, Farther Finance Advisors LLC boosted its stake in Brady by 10,983.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,995 shares of the industrial products company’s stock worth $153,000 after acquiring an additional 1,977 shares during the last quarter. Institutional investors own 76.28% of the company’s stock.

Brady Stock Performance

BRC stock opened at $74.21 on Monday. Brady Co. has a 1-year low of $52.68 and a 1-year high of $77.68. The business’s 50-day moving average price is $74.36 and its two-hundred day moving average price is $69.97. The firm has a market cap of $3.53 billion, a PE ratio of 18.23, a P/E/G ratio of 3.43 and a beta of 0.76. The company has a current ratio of 2.27, a quick ratio of 1.69 and a debt-to-equity ratio of 0.09.

Brady (NYSE:BRC) last released its quarterly earnings data on Friday, September 6th. The industrial products company reported $1.19 earnings per share for the quarter, beating the consensus estimate of $1.11 by $0.08. Brady had a return on equity of 19.84% and a net margin of 14.70%. The business had revenue of $343.40 million for the quarter, compared to analysts’ expectations of $351.74 million. During the same quarter in the previous year, the business posted $1.04 EPS. Brady’s revenue for the quarter was down .7% on a year-over-year basis. As a group, research analysts forecast that Brady Co. will post 4.55 earnings per share for the current year.

Brady Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Thursday, October 10th were given a dividend of $0.24 per share. This is an increase from Brady’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend was Thursday, October 10th. This represents a $0.96 annualized dividend and a dividend yield of 1.29%. Brady’s dividend payout ratio is currently 23.59%.

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 shares were sold at an average price of $75.30, for a total transaction of $1,590,938.40. Following the completion of the transaction, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Thomas F. Debruine sold 2,851 shares of the business’s stock in a transaction 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 completion of the sale, 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 disclosure for this sale can be found here. Insiders have sold a total of 45,262 shares of company stock worth $3,371,231 over the last ninety days. Company insiders own 15.60% of the company’s stock.

Wall Street Analysts Forecast Growth

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

About Brady

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.