Brady Co. (NYSE:BRC) Shares Acquired by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. grew its stake in Brady Co. (NYSE:BRC) by 16.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 390,396 shares of the industrial products company’s stock after buying an additional 54,264 shares during the period. Charles Schwab Investment Management Inc. owned 0.82% of Brady worth $29,916,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Assenagon Asset Management S.A. lifted its stake in shares of Brady by 143.1% in the 3rd quarter. Assenagon Asset Management S.A. now owns 266,981 shares of the industrial products company’s stock worth $20,459,000 after acquiring an additional 157,149 shares during the period. Swedbank AB lifted its stake in shares of Brady by 54.4% in the 2nd quarter. Swedbank AB now owns 350,000 shares of the industrial products company’s stock worth $23,107,000 after acquiring an additional 123,296 shares during the period. Royce & Associates LP lifted its stake in shares of Brady by 27.1% in the 3rd quarter. Royce & Associates LP now owns 555,792 shares of the industrial products company’s stock worth $42,590,000 after acquiring an additional 118,557 shares during the period. DekaBank Deutsche Girozentrale lifted its stake in shares of 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 acquiring an additional 106,652 shares during the period. Finally, Thrivent Financial for Lutherans lifted its stake in shares of Brady by 231.8% in the 2nd quarter. Thrivent Financial for Lutherans now owns 132,019 shares of the industrial products company’s stock worth $8,716,000 after acquiring an additional 92,228 shares during the period. Institutional investors and hedge funds own 76.28% of the company’s stock.

Brady Stock Performance

Shares of BRC opened at $76.08 on Thursday. The company has a 50-day simple moving average of $74.20 and a 200-day simple moving average of $71.06. The company has a quick ratio of 1.25, a current ratio of 1.84 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $3.63 billion, a PE ratio of 18.69 and a beta of 0.77. Brady Co. has a 52-week low of $56.09 and a 52-week high of $77.68.

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

Brady Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 10th will be issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.26%. Brady’s dividend payout ratio is presently 23.59%.

Insider Activity

In other Brady news, CEO Russell Shaller sold 12,547 shares of the firm’s 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 transaction, the chief executive officer now directly owns 102,905 shares in the company, valued at approximately $7,520,297.40. This trade represents a 10.87 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Thomas F. Debruine sold 2,851 shares of the firm’s stock in a transaction dated 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 owns 9,727 shares of the company’s stock, valued at $737,014.79. This trade represents a 22.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 45,262 shares of company stock worth $3,371,231 in the last 90 days. 15.60% of the stock is currently owned by corporate insiders.

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 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.