Brady Co. (NYSE:BRC) Shares Bought by Advisors Asset Management Inc.

Advisors Asset Management Inc. raised its holdings in shares of Brady Co. (NYSE:BRC) by 173.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,342 shares of the industrial products company’s stock after acquiring an additional 1,487 shares during the period. Advisors Asset Management Inc.’s holdings in Brady were worth $179,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Blue Trust Inc. boosted its holdings in Brady by 65.3% in the second quarter. Blue Trust Inc. now owns 663 shares of the industrial products company’s stock valued at $44,000 after purchasing an additional 262 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of Brady by 337.1% in the second quarter. GAMMA Investing LLC now owns 918 shares of the industrial products company’s stock worth $61,000 after buying an additional 708 shares during the last quarter. Quarry LP boosted its stake in shares of Brady by 36.1% in the second quarter. Quarry LP now owns 962 shares of the industrial products company’s stock worth $64,000 after buying an additional 255 shares during the last quarter. Quest Partners LLC purchased a new position in Brady during the second quarter valued at approximately $119,000. Finally, Farther Finance Advisors LLC raised its position in Brady by 10,983.3% during the third quarter. Farther Finance Advisors LLC now owns 1,995 shares of the industrial products company’s stock valued at $153,000 after acquiring an additional 1,977 shares in the last quarter. 76.28% of the stock is owned by hedge funds and other institutional investors.

Brady Stock Down 0.2 %

BRC opened at $74.89 on Friday. The company has a fifty day moving average of $74.23 and a two-hundred day moving average of $70.61. 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 Co. has a fifty-two week low of $54.97 and a fifty-two week high of $77.68. The stock has a market capitalization of $3.58 billion, a price-to-earnings ratio of 18.53 and a beta of 0.76.

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

Brady Increases Dividend

The firm also recently announced 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. This is a positive change from Brady’s previous quarterly dividend of $0.24. The ex-dividend date was Thursday, October 10th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.28%. Brady’s dividend payout ratio (DPR) is 23.59%.

Analyst Ratings Changes

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

Insider Buying and Selling

In other news, CEO Russell Shaller sold 12,547 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $73.08, for a total value of $916,934.76. Following the transaction, the chief executive officer now owns 102,905 shares in the company, valued at $7,520,297.40. This trade represents a 10.87 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, General Counsel Andrew Gorman sold 8,736 shares of Brady stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $74.10, for a total value of $647,337.60. Following the completion of the sale, the general counsel now directly owns 10,140 shares in the company, valued at $751,374. This represents a 46.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 45,262 shares of company stock valued at $3,371,231. 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.