New York State Teachers Retirement System Has $4.84 Million Holdings in Brady Co. (NYSE:BRC)

New York State Teachers Retirement System decreased its position in Brady Co. (NYSE:BRC) by 1.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 63,130 shares of the industrial products company’s stock after selling 1,238 shares during the period. New York State Teachers Retirement System owned approximately 0.13% of Brady worth $4,838,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of BRC. Swedbank AB acquired a new position in shares of Brady in the 1st quarter valued at about $13,439,000. Assenagon Asset Management S.A. boosted its holdings in shares of Brady by 143.1% during the 3rd quarter. Assenagon Asset Management S.A. now owns 266,981 shares of the industrial products company’s stock worth $20,459,000 after buying an additional 157,149 shares in the last quarter. DekaBank Deutsche Girozentrale grew its position in shares of Brady by 23.5% during 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 period. Lord Abbett & CO. LLC increased its stake in shares of Brady by 21.1% in the 1st quarter. Lord Abbett & CO. LLC now owns 610,505 shares of the industrial products company’s stock valued at $36,190,000 after acquiring an additional 106,219 shares in the last quarter. Finally, Thrivent Financial for Lutherans lifted its position in shares of Brady by 231.8% during the 2nd quarter. Thrivent Financial for Lutherans now owns 132,019 shares of the industrial products company’s stock valued at $8,716,000 after acquiring an additional 92,228 shares during the period. Institutional investors own 76.28% of the company’s stock.

Brady Trading Up 1.0 %

Shares of Brady stock opened at $72.23 on Wednesday. The stock has a market capitalization of $3.44 billion, a PE ratio of 17.75, a price-to-earnings-growth ratio of 3.31 and a beta of 0.76. Brady Co. has a 52 week low of $52.68 and a 52 week high of $76.97. The stock has a 50 day moving average price of $73.96 and a two-hundred day moving average price of $68.94. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.69 and a current ratio of 2.27.

Brady (NYSE:BRC) last posted its quarterly earnings results on Friday, September 6th. The industrial products company reported $1.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.11 by $0.08. Brady had a net margin of 14.70% and a return on equity of 19.84%. The business had revenue of $343.40 million during the quarter, compared to the consensus estimate of $351.74 million. During the same quarter last year, the firm posted $1.04 EPS. Brady’s revenue was down .7% compared to the same quarter last year. As a group, equities analysts anticipate that Brady Co. will post 4.55 earnings per share for the current fiscal year.

Brady Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Thursday, October 10th were given a $0.24 dividend. This is a boost from Brady’s previous quarterly dividend of $0.24. The ex-dividend date was Thursday, October 10th. This represents a $0.96 annualized dividend and a yield of 1.33%. 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 note on Friday, October 11th.

Insiders Place Their Bets

In other news, COO Thomas F. Debruine sold 2,851 shares of the firm’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 value of $216,020.27. Following the transaction, the chief operating officer now owns 9,727 shares in the company, valued at $737,014.79. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, COO Thomas F. Debruine sold 2,851 shares of the company’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 sale, the chief operating officer now owns 9,727 shares in the company, valued at $737,014.79. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Russell Shaller sold 21,128 shares of the firm’s stock in a transaction dated Friday, September 27th. The shares were sold at an average price of $75.30, for a total transaction of $1,590,938.40. Following the transaction, the chief executive officer now directly owns 102,150 shares in the company, valued at $7,691,895. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 45,262 shares of company stock valued at $3,371,231. Corporate insiders own 15.60% of the company’s stock.

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.