Dimensional Fund Advisors LP Has $99.70 Million Holdings in Brady Co. (NYSE:BRC)

Dimensional Fund Advisors LP grew its position in shares of Brady Co. (NYSE:BRC) by 1.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,510,180 shares of the industrial products company’s stock after buying an additional 24,786 shares during the quarter. Dimensional Fund Advisors LP owned approximately 3.18% of Brady worth $99,701,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in the company. Swedbank AB bought a new position in Brady during the first quarter valued at about $13,439,000. DekaBank Deutsche Girozentrale lifted its holdings in Brady by 23.5% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 560,274 shares of the industrial products company’s stock worth $36,631,000 after purchasing an additional 106,652 shares during the last quarter. Lord Abbett & CO. LLC boosted its position in Brady by 21.1% during the first quarter. Lord Abbett & CO. LLC now owns 610,505 shares of the industrial products company’s stock worth $36,190,000 after purchasing an additional 106,219 shares during the period. SG Americas Securities LLC grew its holdings in Brady by 1,135.8% during the second quarter. SG Americas Securities LLC now owns 65,211 shares of the industrial products company’s stock valued at $4,305,000 after purchasing an additional 59,934 shares during the last quarter. Finally, Allianz Asset Management GmbH raised its position in shares of Brady by 73.0% in the fourth quarter. Allianz Asset Management GmbH now owns 140,954 shares of the industrial products company’s stock valued at $8,273,000 after purchasing an additional 59,488 shares during the period. Institutional investors own 76.28% of the company’s stock.

Brady Price Performance

NYSE BRC opened at $76.04 on Wednesday. The stock has a 50-day simple moving average of $72.06 and a 200 day simple moving average of $65.80. Brady Co. has a twelve month low of $51.35 and a twelve month high of $76.82. The stock has a market capitalization of $3.61 billion, a PE ratio of 19.40, a P/E/G ratio of 3.36 and a beta of 0.76. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.69 and a current ratio of 2.27.

Brady (NYSE:BRC) last posted 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 company had revenue of $343.40 million during the quarter, compared to analysts’ expectations of $351.74 million. During the same period in the prior year, the business earned $1.04 earnings per share. Brady’s revenue for the quarter was down .7% compared to the same quarter last year. Research analysts anticipate that Brady Co. will post 4.55 EPS for the current year.

Brady Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Thursday, October 10th will be issued 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 is Thursday, October 10th. This represents a $0.96 annualized dividend and a dividend yield of 1.26%. Brady’s payout ratio is presently 24.49%.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Brady from a “buy” rating to a “strong-buy” rating in a research note on Wednesday.

Insider Activity at Brady

In related news, General Counsel Andrew Gorman sold 8,736 shares of the business’s stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $74.10, for a total transaction of $647,337.60. Following the transaction, the general counsel now directly owns 10,140 shares in the company, valued at $751,374. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other 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 sale, the chief executive officer now directly owns 102,905 shares in the company, valued at approximately $7,520,297.40. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, General Counsel Andrew Gorman sold 8,736 shares of the company’s stock in a transaction dated 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 sale, the general counsel now directly owns 10,140 shares in the company, valued at approximately $751,374. The disclosure for this sale can be found here. 15.60% of the stock is owned by corporate insiders.

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.