State Street Corp Has $122.32 Million Holdings in Brady Co. (NYSE:BRC)

State Street Corp decreased its position in Brady Co. (NYSE:BRC) by 3.8% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 1,596,220 shares of the industrial products company’s stock after selling 63,651 shares during the quarter. State Street Corp’s holdings in Brady were worth $122,318,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in BRC. FMR LLC raised its stake in shares of Brady by 39.5% in the third quarter. FMR LLC now owns 2,658,925 shares of the industrial products company’s stock valued at $203,753,000 after acquiring an additional 753,092 shares during the last quarter. Assenagon Asset Management S.A. raised its position in Brady by 143.1% in the 3rd quarter. Assenagon Asset Management S.A. now owns 266,981 shares of the industrial products company’s stock valued at $20,459,000 after purchasing an additional 157,149 shares during the last quarter. BNP Paribas Financial Markets boosted its stake in Brady by 1,121.9% in the third quarter. BNP Paribas Financial Markets now owns 159,668 shares of the industrial products company’s stock worth $12,235,000 after purchasing an additional 146,601 shares in the last quarter. Royce & Associates LP grew its holdings in shares of Brady by 27.1% during the third quarter. Royce & Associates LP now owns 555,792 shares of the industrial products company’s stock worth $42,590,000 after purchasing an additional 118,557 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale increased its stake in shares of Brady by 23.5% in the second quarter. DekaBank Deutsche Girozentrale now owns 560,274 shares of the industrial products company’s stock valued at $36,631,000 after buying an additional 106,652 shares in the last quarter. 76.28% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

Insider Transactions at Brady

In other Brady news, General Counsel Andrew Gorman sold 8,736 shares of Brady stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $74.10, for a total transaction of $647,337.60. Following the completion of the sale, the general counsel now owns 10,140 shares of the company’s stock, valued at approximately $751,374. The trade was a 46.28 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Thomas F. Debruine sold 2,851 shares of the 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 transaction, 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 sold a total of 32,715 shares of company stock worth $2,454,296 in the last quarter. 15.60% of the stock is owned by company insiders.

Brady Stock Performance

Shares of Brady stock opened at $75.60 on Friday. 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 firm has a 50 day simple moving average of $74.26 and a 200 day simple moving average of $71.56. Brady Co. has a fifty-two week low of $56.09 and a fifty-two week high of $77.68. The firm has a market cap of $3.61 billion, a P/E ratio of 18.57 and a beta of 0.77.

Brady (NYSE:BRC) last released its earnings results on Monday, November 18th. The industrial products company reported $1.12 earnings per share 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 company 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 firm’s quarterly revenue was up 13.6% on a year-over-year basis. Sell-side analysts predict that Brady Co. will post 4.55 earnings per share for the current fiscal year.

Brady Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 10th will be paid a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 1.27%. The ex-dividend date of this dividend is Friday, January 10th. Brady’s dividend payout ratio (DPR) is presently 23.59%.

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.