Creative Planning Grows Stock Holdings in Brady Co. (NYSE:BRC)

Creative Planning boosted its holdings in shares of Brady Co. (NYSE:BRC) by 1.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,472 shares of the industrial products company’s stock after purchasing an additional 195 shares during the quarter. Creative Planning’s holdings in Brady were worth $802,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the business. Raymond James & Associates raised its stake in shares of Brady by 0.3% in the second quarter. Raymond James & Associates now owns 46,010 shares of the industrial products company’s stock valued at $3,038,000 after acquiring an additional 144 shares during the period. Andina Capital Management LLC lifted its holdings in shares of 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 acquiring an additional 169 shares during the last quarter. Arizona State Retirement System lifted its holdings in shares of 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 acquiring an additional 230 shares during the last quarter. Hennion & Walsh Asset Management Inc. lifted its holdings in shares of 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 acquiring an additional 251 shares during the last quarter. Finally, Quarry LP lifted its holdings in shares of 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 acquiring an additional 255 shares during the last quarter. Hedge funds and other institutional investors own 76.28% of the company’s stock.

Brady Price Performance

Brady stock opened at $71.45 on Friday. The firm has a market capitalization of $3.40 billion, a PE ratio of 17.56, a price-to-earnings-growth ratio of 3.32 and a beta of 0.76. Brady Co. has a 12-month low of $51.76 and a 12-month high of $76.97. The firm has a 50-day moving average price of $74.00 and a 200-day moving average price of $68.71. 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 posted its quarterly earnings results on Friday, September 6th. The industrial products company reported $1.19 EPS for the quarter, topping the consensus estimate of $1.11 by $0.08. The company had revenue of $343.40 million for the quarter, compared to the consensus estimate of $351.74 million. Brady had a net margin of 14.70% and a return on equity of 19.84%. The firm’s revenue was down .7% compared to the same quarter last year. During the same quarter last year, the firm posted $1.04 EPS. As a group, equities research analysts forecast that Brady Co. will post 4.55 EPS for the current year.

Brady Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Thursday, October 10th were paid a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.34%. The ex-dividend date of this dividend was Thursday, October 10th. This is an increase from Brady’s previous quarterly dividend of $0.24. Brady’s dividend payout ratio (DPR) is currently 23.59%.

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.

Insider Buying and Selling

In related news, CEO Russell Shaller sold 21,128 shares of the firm’s stock in a transaction dated Friday, September 27th. The shares were sold at an average price of $75.30, for a total value of $1,590,938.40. Following the transaction, the chief executive officer now owns 102,150 shares of the company’s stock, valued at $7,691,895. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 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 transaction, the general counsel now owns 10,140 shares of the company’s stock, 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 SEC, which is available at this hyperlink. Also, CEO Russell Shaller sold 21,128 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer now directly owns 102,150 shares in the company, valued at $7,691,895. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 45,262 shares of company stock valued at $3,371,231 in the last 90 days. Company insiders own 15.60% of the company’s stock.

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.