BKM Wealth Management LLC Makes New Investment in Brady Co. (NYSE:BRC)

BKM Wealth Management LLC acquired a new stake in Brady Co. (NYSE:BRC) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,000 shares of the industrial products company’s stock, valued at approximately $307,000.

A number of other hedge funds also recently made changes to their positions in BRC. Vanguard Group Inc. raised its holdings in Brady by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 5,307,191 shares of the industrial products company’s stock worth $314,610,000 after purchasing an additional 32,437 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Brady by 1.7% in the second quarter. Dimensional Fund Advisors LP now owns 1,510,180 shares of the industrial products company’s stock valued at $99,701,000 after buying an additional 24,786 shares during the period. Lord Abbett & CO. LLC boosted its position in Brady by 21.1% during the first quarter. Lord Abbett & CO. LLC now owns 610,505 shares of the industrial products company’s stock valued at $36,190,000 after acquiring an additional 106,219 shares during the last quarter. DekaBank Deutsche Girozentrale grew its holdings in Brady by 23.5% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 560,274 shares of the industrial products company’s stock worth $36,631,000 after acquiring an additional 106,652 shares during the period. Finally, Allspring Global Investments Holdings LLC lifted its stake in shares of Brady by 20.8% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 479,057 shares of the industrial products company’s stock valued at $36,710,000 after purchasing an additional 82,438 shares during the period. 76.28% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Insider Activity at Brady

In other Brady news, CEO Russell Shaller sold 21,128 shares of the company’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 transaction, the chief executive officer now directly owns 102,150 shares in the company, valued at $7,691,895. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Brady 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 completion of the sale, the general counsel now owns 10,140 shares in the company, valued at approximately $751,374. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Russell Shaller sold 21,128 shares of the company’s 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 sale, the chief executive officer now owns 102,150 shares of the company’s stock, valued at $7,691,895. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 45,262 shares of company stock valued at $3,371,231. Company insiders own 15.60% of the company’s stock.

Brady Price Performance

Shares of BRC opened at $72.07 on Friday. The stock has a market cap of $3.42 billion, a P/E ratio of 18.39, a P/E/G ratio of 3.47 and a beta of 0.76. The business’s fifty day moving average is $74.01 and its 200 day moving average is $68.26. The company has a quick ratio of 1.69, a current ratio of 2.27 and a debt-to-equity ratio of 0.09. Brady Co. has a 12-month low of $51.35 and a 12-month high of $76.97.

Brady (NYSE:BRC) last released its earnings results on Friday, September 6th. The industrial products company reported $1.19 earnings per share for the quarter, beating analysts’ consensus estimates of $1.11 by $0.08. The firm had revenue of $343.40 million during the quarter, compared to the consensus estimate of $351.74 million. Brady had a net margin of 14.70% and a return on equity of 19.84%. The company’s revenue was down .7% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.04 EPS. Sell-side analysts anticipate that Brady Co. will post 4.55 earnings per share for the current fiscal year.

Brady Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Thursday, October 10th will be given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date is Thursday, October 10th. This is an increase from Brady’s previous quarterly dividend of $0.24. Brady’s dividend payout ratio (DPR) is 24.49%.

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.