Brady Co. (NYSE:BRC) Shares Purchased by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. boosted its stake in Brady Co. (NYSE:BRC) by 0.2% in the third quarter, Holdings Channel.com reports. The fund owned 150,031 shares of the industrial products company’s stock after buying an additional 290 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Brady were worth $11,497,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Raymond James & Associates lifted its holdings in shares of Brady by 0.3% in the 2nd quarter. Raymond James & Associates now owns 46,010 shares of the industrial products company’s stock valued at $3,038,000 after purchasing an additional 144 shares during the last quarter. Andina Capital Management LLC lifted its stake in Brady by 3.2% in the second quarter. Andina Capital Management LLC now owns 5,531 shares of the industrial products company’s stock valued at $365,000 after buying an additional 169 shares during the last quarter. Creative Planning boosted its holdings in shares of Brady by 1.9% in the third quarter. Creative Planning now owns 10,472 shares of the industrial products company’s stock valued at $802,000 after acquiring an additional 195 shares during the period. Arizona State Retirement System grew its position in shares of Brady by 1.9% during the second quarter. Arizona State Retirement System now owns 12,540 shares of the industrial products company’s stock worth $828,000 after acquiring an additional 230 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. increased its holdings in shares of Brady by 2.0% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 12,729 shares of the industrial products company’s stock valued at $840,000 after acquiring an additional 251 shares during the period. Institutional investors and hedge funds own 76.28% of the company’s stock.

Brady Stock Performance

NYSE BRC opened at $75.95 on Friday. The firm has a market cap of $3.61 billion, a P/E ratio of 18.66, a P/E/G 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 business’s 50-day moving average price is $74.04 and its 200 day moving average price is $69.13. The company has a quick ratio of 1.69, a current ratio of 2.27 and a debt-to-equity ratio of 0.09.

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

Brady Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Thursday, October 10th were given a dividend of $0.24 per share. The ex-dividend date was Thursday, October 10th. This represents a $0.96 dividend on an annualized basis and a yield of 1.26%. This is an increase from Brady’s previous quarterly dividend of $0.24. Brady’s dividend payout ratio is presently 23.59%.

Insider Transactions at Brady

In related news, CEO Russell Shaller sold 21,128 shares of the 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 completion of the transaction, the chief executive officer now directly owns 102,150 shares of the company’s stock, valued at $7,691,895. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, 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 sale, the general counsel now directly owns 10,140 shares in the company, valued at $751,374. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Russell Shaller sold 21,128 shares of the stock in a transaction 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 completion of the transaction, the chief executive officer now owns 102,150 shares of the company’s stock, valued at $7,691,895. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 45,262 shares of company stock worth $3,371,231. Company insiders own 15.60% of the company’s stock.

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.

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.