Brady Co. (NYSE:BRC) Shares Bought by Atria Investments Inc

Atria Investments Inc boosted its holdings in shares of Brady Co. (NYSE:BRC) by 59.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,831 shares of the industrial products company’s stock after purchasing an additional 1,798 shares during the period. Atria Investments Inc’s holdings in Brady were worth $370,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. State Board of Administration of Florida Retirement System increased its holdings in Brady by 225.8% in the first quarter. State Board of Administration of Florida Retirement System now owns 20,012 shares of the industrial products company’s stock valued at $1,186,000 after buying an additional 13,869 shares in the last quarter. Vanguard Group Inc. increased its holdings in Brady by 0.6% in the first quarter. Vanguard Group Inc. now owns 5,307,191 shares of the industrial products company’s stock valued at $314,610,000 after buying an additional 32,437 shares in the last quarter. O Shaughnessy Asset Management LLC increased its holdings in Brady by 31.7% in the first quarter. O Shaughnessy Asset Management LLC now owns 18,075 shares of the industrial products company’s stock valued at $1,072,000 after buying an additional 4,347 shares in the last quarter. EntryPoint Capital LLC purchased a new position in Brady in the first quarter valued at $66,000. Finally, PEAK6 Investments LLC purchased a new position in Brady in the first quarter valued at $1,073,000. 76.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Brady

In related news, CEO Russell Shaller sold 12,547 shares of the company’s stock in a transaction that occurred on 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 of the company’s stock, valued at $7,520,297.40. This represents a 10.87 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Thomas F. Debruine sold 2,851 shares of the company’s stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $75.77, for a total transaction of $216,020.27. Following the sale, the chief operating officer now directly owns 9,727 shares in the company, valued at approximately $737,014.79. The trade was a 22.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 45,262 shares of company stock worth $3,371,231 in the last ninety days. 15.60% of the stock is owned by 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 Stock Up 0.8 %

BRC stock opened at $71.32 on Friday. The stock has a market capitalization of $3.39 billion, a P/E ratio of 17.52, a P/E/G ratio of 3.22 and a beta of 0.76. The firm has a 50-day simple moving average of $74.19 and a 200-day simple moving average of $70.13. The company has a quick ratio of 1.69, a current ratio of 1.84 and a debt-to-equity ratio of 0.11. Brady Co. has a 52 week low of $52.99 and a 52 week high of $77.68.

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

Brady Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Thursday, October 10th were issued a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.35%. This is a positive change from Brady’s previous quarterly dividend of $0.24. The ex-dividend date was Thursday, October 10th. Brady’s payout ratio is presently 23.59%.

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.