Brady Co. (NYSE:BRC) Shares Bought by Tidal Investments LLC

Tidal Investments LLC lifted its position in shares of Brady Co. (NYSE:BRC) by 13.3% in the third quarter, Holdings Channel reports. The institutional investor owned 24,931 shares of the industrial products company’s stock after acquiring an additional 2,934 shares during the quarter. Tidal Investments LLC’s holdings in Brady were worth $1,910,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in BRC. Blue Trust Inc. grew its position 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 acquiring an additional 262 shares during the period. Point72 DIFC Ltd lifted its stake in shares of Brady by 161.4% in the 3rd quarter. Point72 DIFC Ltd now owns 651 shares of the industrial products company’s stock valued at $50,000 after purchasing an additional 402 shares during the last quarter. Quarry LP grew its holdings in shares of Brady by 36.1% during the 2nd quarter. Quarry LP now owns 962 shares of the industrial products company’s stock worth $64,000 after purchasing an additional 255 shares during the period. Quest Partners LLC acquired a new stake in shares of Brady during the 2nd quarter worth about $119,000. Finally, GAMMA Investing LLC raised its holdings in Brady by 91.1% in the 3rd quarter. GAMMA Investing LLC now owns 1,754 shares of the industrial products company’s stock valued at $134,000 after buying an additional 836 shares during the period. Hedge funds and other institutional investors own 76.28% of the company’s stock.

Analyst Upgrades and Downgrades

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

Insider Transactions at Brady

In related news, COO Thomas F. Debruine sold 2,851 shares of the company’s stock in a transaction that occurred on Thursday, September 26th. The stock was 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 of the company’s stock, valued at $737,014.79. This represents a 22.67 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Russell Shaller sold 21,128 shares of the stock in a transaction on 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 in the company, valued at $7,691,895. This trade represents a 17.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 32,715 shares of company stock valued at $2,454,296. 15.60% of the stock is currently owned by corporate insiders.

Brady Price Performance

BRC stock opened at $76.66 on Tuesday. The business’s fifty day moving average price is $74.30 and its 200 day moving average price is $71.67. Brady Co. has a 12-month low of $56.09 and a 12-month high of $77.68. The company has a current ratio of 1.84, a quick ratio of 1.25 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $3.66 billion, a PE ratio of 18.84 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, beating the consensus estimate 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 period in the previous year, the company posted $1.00 EPS. Brady’s revenue was up 13.6% compared to the same quarter last year. On average, sell-side analysts anticipate that Brady Co. will post 4.55 EPS for the current year.

Brady Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 10th will be given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date is Friday, January 10th. Brady’s dividend payout ratio is currently 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.