Point72 DIFC Ltd Buys 402 Shares of Brady Co. (NYSE:BRC)

Point72 DIFC Ltd grew its stake in shares of Brady Co. (NYSE:BRC) by 161.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 651 shares of the industrial products company’s stock after purchasing an additional 402 shares during the period. Point72 DIFC Ltd’s holdings in Brady were worth $50,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of BRC. SG Americas Securities LLC lifted its holdings in Brady by 1,135.8% in the second quarter. SG Americas Securities LLC now owns 65,211 shares of the industrial products company’s stock worth $4,305,000 after buying an additional 59,934 shares during the period. Diversified Trust Co lifted its stake in shares of Brady by 9.1% in the 2nd quarter. Diversified Trust Co now owns 5,490 shares of the industrial products company’s stock valued at $362,000 after purchasing an additional 459 shares during the period. Swedbank AB boosted its position in shares of Brady by 54.4% during the second quarter. Swedbank AB now owns 350,000 shares of the industrial products company’s stock valued at $23,107,000 after purchasing an additional 123,296 shares in the last quarter. Blue Trust Inc. grew its stake in Brady by 65.3% in the second quarter. Blue Trust Inc. now owns 663 shares of the industrial products company’s stock worth $44,000 after purchasing an additional 262 shares during the period. Finally, Raymond James & Associates grew its stake in Brady by 0.3% in the second quarter. Raymond James & Associates now owns 46,010 shares of the industrial products company’s stock worth $3,038,000 after purchasing an additional 144 shares during the period. Hedge funds and other institutional investors own 76.28% of the company’s stock.

Brady Price Performance

BRC stock opened at $75.65 on Tuesday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.25 and a current ratio of 1.84. The firm has a 50 day moving average price of $74.15 and a 200-day moving average price of $71.37. Brady Co. has a 52-week low of $56.09 and a 52-week high of $77.68. The firm has a market capitalization of $3.61 billion, a price-to-earnings ratio of 18.59 and a beta of 0.77.

Brady (NYSE:BRC) last announced its quarterly earnings data on Monday, November 18th. The industrial products company reported $1.12 earnings per share (EPS) for the quarter, beating 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 business had revenue of $377.10 million during the quarter, compared to analysts’ expectations of $365.88 million. During the same quarter in the previous year, the business earned $1.00 earnings per share. The firm’s quarterly revenue was up 13.6% compared to the same quarter last year. Equities research analysts forecast that Brady Co. will post 4.55 EPS for the current fiscal year.

Brady Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 10th will be paid a dividend of $0.24 per share. The ex-dividend date of this dividend is Friday, January 10th. This represents a $0.96 dividend on an annualized basis and a yield of 1.27%. Brady’s dividend payout ratio is currently 23.59%.

Insider Buying and Selling at Brady

In related news, General Counsel Andrew Gorman sold 8,736 shares of Brady stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $74.10, for a total value of $647,337.60. Following the completion of the sale, the general counsel now directly owns 10,140 shares in the company, valued at approximately $751,374. This trade represents a 46.28 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Russell Shaller sold 21,128 shares of the business’s stock in a transaction dated 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 directly owns 102,150 shares of the company’s stock, valued at approximately $7,691,895. This trade represents a 17.14 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 45,262 shares of company stock worth $3,371,231. 15.60% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of Brady from a “strong-buy” rating to a “buy” rating in a research 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.