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

Wilmington Savings Fund Society FSB lessened its holdings in Brady Co. (NYSE:BRC) by 0.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 95,349 shares of the industrial products company’s stock after selling 531 shares during the quarter. Wilmington Savings Fund Society FSB owned approximately 0.20% of Brady worth $7,307,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in BRC. Geode Capital Management LLC raised its stake in Brady by 7.4% during the third quarter. Geode Capital Management LLC now owns 658,093 shares of the industrial products company’s stock worth $50,445,000 after buying an additional 45,206 shares during the last quarter. Barclays PLC grew its holdings in Brady by 535.4% during the 3rd quarter. Barclays PLC now owns 23,733 shares of the industrial products company’s stock worth $1,818,000 after acquiring an additional 19,998 shares during the period. XTX Topco Ltd lifted its stake in shares of Brady by 21.5% in the 3rd quarter. XTX Topco Ltd now owns 11,314 shares of the industrial products company’s stock valued at $867,000 after purchasing an additional 2,005 shares during the period. iSAM Funds UK Ltd bought a new stake in shares of Brady during the 3rd quarter valued at about $216,000. Finally, Stifel Financial Corp grew its stake in Brady by 0.4% during the third quarter. Stifel Financial Corp now owns 54,396 shares of the industrial products company’s stock worth $4,168,000 after purchasing an additional 197 shares during the period. 76.28% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, General Counsel Andrew Gorman sold 8,736 shares of the business’s 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 of the company’s stock, valued at $751,374. The trade was a 46.28 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Russell Shaller sold 21,128 shares of the firm’s stock in a transaction on Friday, September 27th. The shares were sold at an average price of $75.30, for a total value of $1,590,938.40. Following 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 17.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 32,715 shares of company stock valued at $2,454,296 in the last quarter. Insiders own 15.60% of the company’s stock.

Wall Street Analyst Weigh In

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

Brady Stock Up 0.4 %

BRC opened at $76.11 on Friday. Brady Co. has a fifty-two week low of $56.09 and a fifty-two week high of $77.68. 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 company’s 50-day moving average is $74.24 and its 200 day moving average is $71.49. The firm has a market capitalization of $3.64 billion, a P/E ratio of 18.70 and a beta of 0.77.

Brady (NYSE:BRC) last released its quarterly earnings data on Monday, November 18th. The industrial products company reported $1.12 EPS for the quarter, beating the consensus estimate of $1.10 by $0.02. Brady had a net margin of 14.19% and a return on equity of 19.79%. The business had revenue of $377.10 million for the quarter, compared to the consensus estimate of $365.88 million. During the same period in the prior year, the firm earned $1.00 earnings per share. The company’s revenue was up 13.6% compared to the same quarter last year. Research analysts expect that Brady Co. will post 4.55 earnings per share for the current fiscal year.

Brady Dividend Announcement

The business also recently announced 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 annualized dividend and a yield of 1.26%. The ex-dividend date is Friday, January 10th. Brady’s dividend payout ratio is presently 23.59%.

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.