Aristides Capital LLC Has $287,000 Position in Brady Co. (NYSE:BRC)

Aristides Capital LLC increased its position in Brady Co. (NYSE:BRC) by 7.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,343 shares of the industrial products company’s stock after purchasing an additional 292 shares during the quarter. Aristides Capital LLC’s holdings in Brady were worth $287,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. SYSTM Wealth Solutions LLC bought a new stake in shares of Brady in the 1st quarter valued at about $35,000. Blue Trust Inc. increased its holdings in shares of Brady by 65.3% in the second quarter. Blue Trust Inc. now owns 663 shares of the industrial products company’s stock worth $44,000 after acquiring an additional 262 shares in the last quarter. GAMMA Investing LLC raised its position in shares of Brady by 337.1% during the second quarter. GAMMA Investing LLC now owns 918 shares of the industrial products company’s stock worth $61,000 after purchasing an additional 708 shares during the period. Quarry LP lifted its holdings in shares of Brady by 36.1% during the 2nd 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. Finally, EntryPoint Capital LLC acquired a new position in shares of Brady in the 1st quarter valued at approximately $66,000. 76.28% of the stock is owned by institutional investors.

Brady Price Performance

Shares of NYSE BRC opened at $76.60 on Tuesday. The company has a fifty day moving average price of $72.53 and a 200 day moving average price of $66.32. The firm has a market cap of $3.64 billion, a PE ratio of 19.54, a PEG ratio of 3.49 and a beta of 0.76. 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 Co. has a 1-year low of $51.35 and a 1-year high of $76.97.

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, topping 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 firm earned $1.04 earnings per share. Brady’s revenue for the quarter was down .7% compared to the same quarter last year. Research analysts predict that Brady Co. will post 4.55 earnings per share for the current fiscal year.

Brady Increases Dividend

The firm 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 $0.24 dividend. The ex-dividend date of this dividend is Thursday, October 10th. This is an increase from Brady’s previous quarterly dividend of $0.24. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.25%. Brady’s dividend payout ratio (DPR) is 24.49%.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Brady from a “buy” rating to a “strong-buy” rating in a report on Wednesday, September 25th.

Insider Transactions at Brady

In related news, COO Thomas F. Debruine sold 2,851 shares of the firm’s stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $75.77, for a total value of $216,020.27. Following the completion of the transaction, the chief operating officer now owns 9,727 shares of the company’s stock, valued at $737,014.79. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, CEO Russell Shaller sold 21,128 shares of the company’s stock in a transaction that occurred on Friday, September 27th. The stock was sold at an average price of $75.30, for a total transaction of $1,590,938.40. Following the sale, the chief executive officer now owns 102,150 shares in the company, valued at approximately $7,691,895. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO Thomas F. Debruine sold 2,851 shares of the firm’s stock in a transaction on Thursday, September 26th. The shares were 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 directly owns 9,727 shares of the company’s stock, valued at $737,014.79. The disclosure for this sale can be found here. Insiders have sold a total of 45,262 shares of company stock valued at $3,371,231 over the last 90 days. 15.60% of the stock is owned by corporate insiders.

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.