Farther Finance Advisors LLC Purchases 1,977 Shares of Brady Co. (NYSE:BRC)

Farther Finance Advisors LLC raised its position in shares of Brady Co. (NYSE:BRC) by 10,983.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,995 shares of the industrial products company’s stock after buying an additional 1,977 shares during the period. Farther Finance Advisors LLC’s holdings in Brady were worth $153,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. GW Henssler & Associates Ltd. acquired a new stake in Brady during the 3rd quarter valued at $219,000. BKM Wealth Management LLC bought a new stake in shares of Brady during the third quarter worth $307,000. Assenagon Asset Management S.A. increased its stake in shares of Brady by 143.1% in the third quarter. Assenagon Asset Management S.A. now owns 266,981 shares of the industrial products company’s stock valued at $20,459,000 after buying an additional 157,149 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of Brady by 20.8% in the third quarter. Allspring Global Investments Holdings LLC now owns 479,057 shares of the industrial products company’s stock valued at $36,710,000 after buying an additional 82,438 shares during the last quarter. Finally, Blue Trust Inc. lifted its position in Brady by 542.1% during the 3rd quarter. Blue Trust Inc. now owns 4,257 shares of the industrial products company’s stock worth $326,000 after buying an additional 3,594 shares in the last quarter. Institutional investors own 76.28% of the company’s stock.

Brady Price Performance

Brady stock opened at $76.71 on Monday. The stock has a market cap of $3.65 billion, a price-to-earnings ratio of 18.85, a P/E/G ratio of 3.52 and a beta of 0.76. Brady Co. has a 12-month low of $52.68 and a 12-month high of $76.97. The company has a quick ratio of 1.69, a current ratio of 2.27 and a debt-to-equity ratio of 0.09. The business’s 50-day simple moving average is $74.09 and its 200 day simple moving average is $69.40.

Brady (NYSE:BRC) last issued its quarterly earnings results on Friday, September 6th. The industrial products company reported $1.19 EPS for the quarter, topping the consensus estimate of $1.11 by $0.08. Brady had a net margin of 14.70% and a return on equity of 19.84%. The company had revenue of $343.40 million during the quarter, compared to analysts’ expectations of $351.74 million. During the same quarter in the previous year, the company earned $1.04 EPS. Brady’s revenue was down .7% on a year-over-year basis. As a group, research analysts anticipate that Brady Co. will post 4.55 earnings per share for the current year.

Brady Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Thursday, October 10th were issued a $0.24 dividend. The ex-dividend date of this dividend was Thursday, October 10th. This is a positive change from Brady’s previous quarterly dividend of $0.24. This represents a $0.96 annualized dividend and a yield of 1.25%. Brady’s dividend payout ratio (DPR) is 23.59%.

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, CEO Russell Shaller sold 12,547 shares of the company’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $73.08, for a total value of $916,934.76. Following the completion of the sale, the chief executive officer now owns 102,905 shares in the company, valued at $7,520,297.40. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, CEO Russell Shaller sold 12,547 shares of the stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $73.08, for a total transaction of $916,934.76. Following the completion of the sale, the chief executive officer now directly owns 102,905 shares of the company’s stock, valued at approximately $7,520,297.40. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, General Counsel Andrew Gorman sold 8,736 shares of Brady stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $74.10, for a total transaction of $647,337.60. Following the completion of the transaction, the general counsel now directly owns 10,140 shares in the company, valued at approximately $751,374. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 45,262 shares of company stock valued at $3,371,231 over the last three months. 15.60% of the stock is currently owned by corporate insiders.

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.