Brady Co. (NYSE:BRC) Shares Bought by Creative Planning

Creative Planning increased its stake in Brady Co. (NYSE:BRC) by 1.9% in the third quarter, Holdings Channel reports. The firm owned 10,472 shares of the industrial products company’s stock after purchasing an additional 195 shares during the period. Creative Planning’s holdings in Brady were worth $802,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the stock. Raymond James & Associates boosted its stake in Brady by 0.3% in the 2nd quarter. Raymond James & Associates now owns 46,010 shares of the industrial products company’s stock worth $3,038,000 after purchasing an additional 144 shares in the last quarter. Andina Capital Management LLC boosted its stake in Brady by 3.2% in the 2nd quarter. Andina Capital Management LLC now owns 5,531 shares of the industrial products company’s stock worth $365,000 after purchasing an additional 169 shares in the last quarter. Arizona State Retirement System boosted its stake in Brady by 1.9% in the 2nd quarter. Arizona State Retirement System now owns 12,540 shares of the industrial products company’s stock worth $828,000 after purchasing an additional 230 shares in the last quarter. Hennion & Walsh Asset Management Inc. boosted its stake in Brady by 2.0% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 12,729 shares of the industrial products company’s stock worth $840,000 after purchasing an additional 251 shares in the last quarter. Finally, Quarry LP boosted its stake in Brady by 36.1% in the 2nd quarter. Quarry LP now owns 962 shares of the industrial products company’s stock worth $64,000 after purchasing an additional 255 shares in the last quarter. 76.28% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Brady Stock Performance

Shares of NYSE BRC opened at $71.45 on Friday. 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 Co. has a 12 month low of $51.76 and a 12 month high of $76.97. The company has a 50 day simple moving average of $74.00 and a two-hundred day simple moving average of $68.71. The stock has a market cap of $3.40 billion, a price-to-earnings ratio of 17.56, a PEG ratio of 3.32 and a beta of 0.76.

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

Brady Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Thursday, October 10th were paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 1.34%. This is a boost from Brady’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend was Thursday, October 10th. Brady’s payout ratio is presently 23.59%.

Insider Activity

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

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.