BNP Paribas Financial Markets Boosts Stock Holdings in Brady Co. (NYSE:BRC)

BNP Paribas Financial Markets boosted its stake in Brady Co. (NYSE:BRC) by 1,121.9% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 159,668 shares of the industrial products company’s stock after purchasing an additional 146,601 shares during the quarter. BNP Paribas Financial Markets owned about 0.34% of Brady worth $12,235,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Blue Trust Inc. boosted its stake in Brady by 65.3% during the second quarter. Blue Trust Inc. now owns 663 shares of the industrial products company’s stock valued at $44,000 after buying an additional 262 shares during the last quarter. GAMMA Investing LLC boosted 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 valued at $61,000 after acquiring an additional 708 shares during the last quarter. Quarry LP grew its holdings in shares of Brady by 36.1% in the second quarter. Quarry LP now owns 962 shares of the industrial products company’s stock valued at $64,000 after purchasing an additional 255 shares in the last quarter. Quest Partners LLC bought a new stake in Brady in the second quarter worth $119,000. Finally, Farther Finance Advisors LLC raised its stake in Brady by 10,983.3% during the third quarter. Farther Finance Advisors LLC now owns 1,995 shares of the industrial products company’s stock valued at $153,000 after purchasing an additional 1,977 shares in the last quarter. Institutional investors own 76.28% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Russell Shaller sold 12,547 shares of Brady stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $73.08, for a total transaction of $916,934.76. Following the completion of the sale, the chief executive officer now owns 102,905 shares in the company, valued at $7,520,297.40. This trade represents a 10.87 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Thomas F. Debruine sold 2,851 shares of the company’s stock in a transaction dated 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 transaction, the chief operating officer now owns 9,727 shares in the company, valued at $737,014.79. This represents a 22.67 % 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 over the last 90 days. Insiders own 15.60% of the company’s stock.

Wall Street Analysts Forecast Growth

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 Trading Down 0.2 %

Shares of BRC stock opened at $74.89 on Monday. The company has a market cap of $3.58 billion, a PE ratio of 18.40 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 1.25. The stock’s 50 day simple moving average is $74.23 and its two-hundred day simple moving average is $70.78. Brady Co. has a 1 year low of $54.97 and a 1 year high of $77.68.

Brady (NYSE:BRC) last issued its quarterly earnings results on Monday, November 18th. The industrial products company reported $1.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.10 by $0.02. Brady had a return on equity of 19.79% and a net margin of 14.19%. The company had revenue of $377.10 million during the quarter, compared to the consensus estimate of $365.88 million. During the same period last year, the company earned $1.00 earnings per share. Brady’s revenue was up 13.6% on a year-over-year basis. Research analysts predict that Brady Co. will post 4.55 earnings per share for the current year.

Brady Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Thursday, October 10th were given a $0.24 dividend. 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 yield of 1.28%. The ex-dividend date of this dividend was Thursday, October 10th. Brady’s dividend payout ratio is 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.