Seizert Capital Partners LLC Trims Stake in Brady Co. (NYSE:BRC)

Seizert Capital Partners LLC reduced its stake in Brady Co. (NYSE:BRC) by 0.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 63,530 shares of the industrial products company’s stock after selling 602 shares during the quarter. Seizert Capital Partners LLC’s holdings in Brady were worth $4,868,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Blue Trust Inc. lifted its position in shares of Brady by 65.3% during the 2nd quarter. Blue Trust Inc. now owns 663 shares of the industrial products company’s stock valued at $44,000 after buying an additional 262 shares in the last quarter. GAMMA Investing LLC raised its stake in Brady by 337.1% during the 2nd quarter. GAMMA Investing LLC now owns 918 shares of the industrial products company’s stock worth $61,000 after acquiring an additional 708 shares during the period. Quarry LP lifted its holdings in Brady by 36.1% during the second quarter. Quarry LP now owns 962 shares of the industrial products company’s stock valued at $64,000 after purchasing an additional 255 shares in the last quarter. EntryPoint Capital LLC bought a new position in shares of Brady in the first quarter worth approximately $66,000. Finally, Quest Partners LLC bought a new stake in shares of Brady during the 2nd quarter valued at $119,000. 76.28% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Brady

In other news, CEO Russell Shaller sold 12,547 shares of the company’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 transaction of $916,934.76. Following the sale, the chief executive officer now directly owns 102,905 shares of the company’s stock, valued at $7,520,297.40. This represents a 10.87 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel Andrew Gorman sold 8,736 shares of the stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $74.10, for a total value of $647,337.60. Following the transaction, the general counsel now owns 10,140 shares of the company’s stock, 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. Insiders sold 45,262 shares of company stock valued at $3,371,231 in the last 90 days. Insiders own 15.60% of the company’s stock.

Brady Stock Performance

NYSE:BRC opened at $74.21 on Friday. The stock has a 50-day moving average price of $74.36 and a 200 day moving average price of $69.89. The company has a current ratio of 2.27, a quick ratio of 1.69 and a debt-to-equity ratio of 0.09. Brady Co. has a 12-month low of $52.68 and a 12-month high of $77.68. The stock has a market capitalization of $3.53 billion, a P/E ratio of 18.23, a P/E/G ratio of 3.53 and a beta of 0.76.

Brady (NYSE:BRC) last announced its quarterly earnings data on Friday, September 6th. The industrial products company reported $1.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $351.74 million. During the same period last year, the firm posted $1.04 EPS. The company’s revenue was down .7% on a year-over-year basis. Equities research analysts forecast that Brady Co. will post 4.55 EPS for the current fiscal year.

Brady Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Thursday, October 10th were paid a $0.24 dividend. The ex-dividend date was Thursday, October 10th. This represents a $0.96 annualized dividend and a yield of 1.29%. This is a boost from Brady’s previous quarterly dividend of $0.24. Brady’s payout ratio 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 report 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.