Bank of Montreal Can Sells 13,446 Shares of Brady Co. (NYSE:BRC)

Bank of Montreal Can decreased its stake in Brady Co. (NYSE:BRC) by 70.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,514 shares of the industrial products company’s stock after selling 13,446 shares during the period. Bank of Montreal Can’s holdings in Brady were worth $367,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Hennion & Walsh Asset Management Inc. lifted its holdings in shares of Brady by 9.5% in the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 12,478 shares of the industrial products company’s stock worth $740,000 after purchasing an additional 1,082 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in Brady by 17.5% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 376,789 shares of the industrial products company’s stock valued at $22,336,000 after purchasing an additional 56,137 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its stake in Brady by 101.9% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 39,503 shares of the industrial products company’s stock worth $2,207,000 after acquiring an additional 19,942 shares during the last quarter. Capstone Investment Advisors LLC bought a new stake in Brady during the first quarter valued at approximately $739,000. Finally, BI Asset Management Fondsmaeglerselskab A S purchased a new stake in Brady during the first quarter valued at about $595,000. 76.28% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

Insider Activity at Brady

In other Brady news, General Counsel Andrew Gorman sold 8,736 shares of the firm’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. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Brady 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 completion of the sale, the general counsel now directly owns 10,140 shares in the company, valued at $751,374. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Thomas F. Debruine sold 2,851 shares of the business’s stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $75.77, for a total value of $216,020.27. Following the sale, the chief operating officer now directly owns 9,727 shares of the company’s stock, valued at $737,014.79. This represents a 0.00 % decrease in their position. 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 90 days. Corporate insiders own 15.60% of the company’s stock.

Brady Stock Performance

Shares of NYSE:BRC opened at $73.93 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. The company has a market cap of $3.51 billion, a price-to-earnings ratio of 18.86, a price-to-earnings-growth ratio of 3.49 and a beta of 0.76. The company has a 50-day moving average price of $73.02 and a 200-day moving average price of $67.11. Brady Co. has a 12 month low of $51.35 and a 12 month high of $76.97.

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

Brady Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Thursday, October 10th will be paid a $0.24 dividend. The ex-dividend date of this dividend is Thursday, October 10th. This represents a $0.96 annualized dividend and a dividend yield of 1.30%. This is an increase from Brady’s previous quarterly dividend of $0.24. Brady’s dividend payout ratio is presently 24.49%.

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.