10,329 Shares in Brady Co. (NYSE:BRC) Purchased by Natixis Advisors LLC

Natixis Advisors LLC purchased a new position in Brady Co. (NYSE:BRC) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 10,329 shares of the industrial products company’s stock, valued at approximately $792,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Dimensional Fund Advisors LP boosted its holdings in shares of Brady by 1.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,510,180 shares of the industrial products company’s stock worth $99,701,000 after buying an additional 24,786 shares during the last quarter. DekaBank Deutsche Girozentrale boosted its holdings 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 buying an additional 106,652 shares during the last quarter. Royce & Associates LP boosted its holdings 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 buying an additional 118,557 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in shares of Brady by 20.8% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 479,057 shares of the industrial products company’s stock worth $36,710,000 after buying an additional 82,438 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Brady by 4.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 381,845 shares of the industrial products company’s stock worth $25,209,000 after buying an additional 16,469 shares during the last quarter. 76.28% of the stock is owned by hedge funds and other institutional investors.

Brady Trading Up 0.1 %

Shares of Brady stock opened at $75.02 on Thursday. Brady Co. has a 52-week low of $53.64 and a 52-week high of $77.68. The stock’s 50-day simple moving average is $74.19 and its 200 day simple moving average is $70.55. The stock has a market capitalization of $3.58 billion, a P/E ratio of 18.51 and a beta of 0.76. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.25 and a current ratio of 1.84.

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 analysts’ consensus estimates of $1.10 by $0.02. Brady had a return on equity of 19.79% and a net margin of 14.19%. The business had revenue of $377.10 million for the quarter, compared to analysts’ expectations of $365.88 million. During the same period in the previous year, the business posted $1.00 EPS. The firm’s quarterly revenue was up 13.6% compared to the same quarter last year. As a group, research 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 was paid on Thursday, October 31st. Stockholders of record on Thursday, October 10th were given a dividend of $0.24 per share. The ex-dividend date was Thursday, October 10th. This is a boost from Brady’s previous quarterly dividend of $0.24. This represents a $0.96 annualized dividend and a dividend yield of 1.28%. Brady’s dividend payout ratio is currently 23.59%.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut Brady from a “strong-buy” rating to a “buy” rating in a research note on Friday, October 11th.

Insider Activity

In other news, COO Thomas F. Debruine sold 2,851 shares of the company’s stock in a transaction dated 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 $737,014.79. This represents a 22.67 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, General Counsel Andrew Gorman sold 8,736 shares of the company’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $74.10, for a total value of $647,337.60. Following the sale, the general counsel now owns 10,140 shares in the company, valued at approximately $751,374. This represents a 46.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 45,262 shares of company stock worth $3,371,231 over the last ninety 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.