TD Asset Management Inc Buys Shares of 31,000 Brady Co. (NYSE:BRC)

TD Asset Management Inc purchased a new stake in shares of Brady Co. (NYSE:BRCFree Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 31,000 shares of the industrial products company’s stock, valued at approximately $1,819,000. TD Asset Management Inc owned about 0.06% of Brady at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in BRC. Vanguard Group Inc. raised its position in Brady by 3.8% in the third quarter. Vanguard Group Inc. now owns 5,301,138 shares of the industrial products company’s stock valued at $291,138,000 after purchasing an additional 195,475 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Brady by 1.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,477,038 shares of the industrial products company’s stock valued at $86,688,000 after buying an additional 15,255 shares during the period. Pacer Advisors Inc. lifted its stake in Brady by 422,030.0% during the 4th quarter. Pacer Advisors Inc. now owns 856,924 shares of the industrial products company’s stock worth $50,293,000 after acquiring an additional 856,721 shares in the last quarter. Assenagon Asset Management S.A. boosted its holdings in Brady by 2,366.6% during the 4th quarter. Assenagon Asset Management S.A. now owns 825,563 shares of the industrial products company’s stock valued at $48,452,000 after acquiring an additional 792,094 shares during the period. Finally, Boston Partners grew its position in Brady by 2,520.6% in the 4th quarter. Boston Partners now owns 465,465 shares of the industrial products company’s stock valued at $27,441,000 after acquiring an additional 447,703 shares in the last quarter. 76.28% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Brady

In related news, Director Elizabeth P. Bruno sold 19,030 shares of the stock in a transaction on Monday, March 18th. The stock was sold at an average price of $58.41, for a total value of $1,111,542.30. Following the transaction, the director now owns 342,115 shares of the company’s stock, valued at $19,982,937.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Elizabeth P. Bruno sold 5,000 shares of Brady stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $59.70, for a total transaction of $298,500.00. Following the sale, the director now directly owns 328,593 shares in the company, valued at approximately $19,617,002.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Elizabeth P. Bruno sold 19,030 shares of the company’s stock in a transaction on Monday, March 18th. The shares were sold at an average price of $58.41, for a total transaction of $1,111,542.30. Following the completion of the transaction, the director now owns 342,115 shares of the company’s stock, valued at approximately $19,982,937.15. The disclosure for this sale can be found here. In the last three months, insiders sold 39,017 shares of company stock valued at $2,283,667. Insiders own 15.60% of the company’s stock.

Brady Stock Down 0.4 %

Shares of NYSE BRC opened at $66.40 on Friday. The stock has a market cap of $3.15 billion, a P/E ratio of 16.94, a PEG ratio of 2.09 and a beta of 0.78. The business’s fifty day simple moving average is $61.72 and its 200-day simple moving average is $59.83. Brady Co. has a 12-month low of $46.77 and a 12-month high of $68.80. The company has a current ratio of 2.06, a quick ratio of 1.45 and a debt-to-equity ratio of 0.06.

Brady (NYSE:BRCGet Free Report) last posted its quarterly earnings results on Wednesday, May 22nd. The industrial products company reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.02 by $0.07. Brady had a return on equity of 19.61% and a net margin of 14.22%. The company had revenue of $343.40 million for the quarter, compared to analyst estimates of $339.80 million. During the same quarter last year, the company earned $0.95 EPS. Brady’s revenue for the quarter was up 1.9% compared to the same quarter last year. As a group, equities analysts predict that Brady Co. will post 4.13 EPS for the current fiscal year.

Brady Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Wednesday, July 10th will be issued a $0.235 dividend. The ex-dividend date of this dividend is Wednesday, July 10th. This represents a $0.94 dividend on an annualized basis and a dividend yield of 1.42%. Brady’s payout ratio is 23.98%.

Analyst Ratings Changes

Separately, StockNews.com cut shares of Brady from a “strong-buy” rating to a “buy” rating in a report on Monday, February 26th.

Read Our Latest Stock Analysis on BRC

Brady Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Brady (NYSE:BRC)

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