Wilmington Savings Fund Society FSB Sells 531 Shares of Brady Co. (NYSE:BRC)

Wilmington Savings Fund Society FSB cut its holdings in Brady Co. (NYSE:BRC) by 0.6% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 95,349 shares of the industrial products company’s stock after selling 531 shares during the period. Wilmington Savings Fund Society FSB’s holdings in Brady were worth $7,307,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the company. Blue Trust Inc. boosted its stake in Brady by 65.3% during the second quarter. Blue Trust Inc. now owns 663 shares of the industrial products company’s stock worth $44,000 after buying an additional 262 shares during the period. Point72 DIFC Ltd grew its holdings in Brady by 161.4% during the 3rd quarter. Point72 DIFC Ltd now owns 651 shares of the industrial products company’s stock valued at $50,000 after purchasing an additional 402 shares during the last quarter. Quarry LP raised its position in Brady by 36.1% in the 2nd quarter. Quarry LP now owns 962 shares of the industrial products company’s stock worth $64,000 after purchasing an additional 255 shares during the period. Quest Partners LLC bought a new stake in Brady in the second quarter worth about $119,000. Finally, GAMMA Investing LLC grew its stake in shares of Brady by 91.1% during the third quarter. GAMMA Investing LLC now owns 1,754 shares of the industrial products company’s stock valued at $134,000 after buying an additional 836 shares during the last quarter. 76.28% of the stock is currently owned by hedge funds and other institutional investors.

Brady Trading Up 0.4 %

Shares of NYSE:BRC opened at $76.11 on Friday. The firm has a market capitalization of $3.64 billion, a P/E ratio of 18.70 and a beta of 0.77. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.84 and a quick ratio of 1.25. The business’s 50-day moving average is $74.24 and its 200 day moving average is $71.49. Brady Co. has a 1 year low of $56.09 and a 1 year high of $77.68.

Brady (NYSE:BRC) last released its earnings results on Monday, November 18th. The industrial products company reported $1.12 EPS for the quarter, topping 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 firm had revenue of $377.10 million during the quarter, compared to the consensus estimate of $365.88 million. During the same quarter in the previous year, the company posted $1.00 earnings per share. The company’s revenue was up 13.6% compared to the same quarter last year. On average, research analysts predict that Brady Co. will post 4.55 earnings per share for the current fiscal year.

Brady Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 10th will be issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date of this dividend is Friday, January 10th. Brady’s dividend payout ratio (DPR) is presently 23.59%.

Wall Street Analyst Weigh In

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

Insider Activity

In other news, CEO Russell Shaller sold 21,128 shares of Brady stock in a transaction that occurred on Friday, September 27th. The stock was sold at an average price of $75.30, for a total value of $1,590,938.40. Following the sale, the chief executive officer now directly owns 102,150 shares of the company’s stock, valued at $7,691,895. The trade was a 17.14 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Thomas F. Debruine sold 2,851 shares of Brady stock in a transaction 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. This trade represents a 22.67 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 32,715 shares of company stock worth $2,454,296 in 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.