9,733 Shares in Brady Co. (NYSE:BRC) Acquired by Centiva Capital LP

Centiva Capital LP bought a new position in Brady Co. (NYSE:BRC - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 9,733 shares of the industrial products company's stock, valued at approximately $746,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Blue Trust Inc. lifted its holdings in shares of Brady by 65.3% in the 2nd 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 last quarter. GAMMA Investing LLC lifted its stake in Brady by 337.1% in the second quarter. GAMMA Investing LLC now owns 918 shares of the industrial products company's stock worth $61,000 after purchasing an additional 708 shares during the last quarter. Quarry LP grew its stake in shares of Brady by 36.1% during the second quarter. Quarry LP now owns 962 shares of the industrial products company's stock valued at $64,000 after buying an additional 255 shares during the last quarter. Quest Partners LLC bought a new position in shares of Brady during the second quarter valued at about $119,000. Finally, Farther Finance Advisors LLC increased its holdings in shares of Brady by 10,983.3% in the third quarter. Farther Finance Advisors LLC now owns 1,995 shares of the industrial products company's stock worth $153,000 after buying an additional 1,977 shares during the period. Hedge funds and other institutional investors own 76.28% of the company's stock.

Insider Activity

In other news, COO Thomas F. Debruine sold 2,851 shares of the firm'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 owns 9,727 shares in the company, valued at $737,014.79. This trade represents a 22.67 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, General Counsel Andrew Gorman sold 8,736 shares of the company's stock in a transaction 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 directly owns 10,140 shares in the company, valued at approximately $751,374. The trade was a 46.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 45,262 shares of company stock valued at $3,371,231. Company insiders own 15.60% of the company's stock.

Brady Trading Down 1.4 %

Shares of NYSE BRC traded down $1.07 during mid-day trading on Friday, hitting $74.10. The stock had a trading volume of 256,192 shares, compared to its average volume of 274,844. The business has a 50 day moving average price of $74.16 and a two-hundred day moving average price of $71.29. Brady Co. has a 1 year low of $56.09 and a 1 year high of $77.68. 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 market cap of $3.54 billion, a P/E ratio of 18.21 and a beta of 0.77.

Brady (NYSE:BRC - Get Free Report) last issued its quarterly earnings data on Monday, November 18th. The industrial products company reported $1.12 EPS for the quarter, beating the consensus estimate of $1.10 by $0.02. The firm had revenue of $377.10 million during the quarter, compared to the consensus estimate of $365.88 million. Brady had a net margin of 14.19% and a return on equity of 19.79%. The company's quarterly revenue was up 13.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.00 earnings per share. On average, equities analysts anticipate that Brady Co. will post 4.55 EPS for the current fiscal year.

Brady Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 10th will be given a $0.24 dividend. The ex-dividend date is Friday, January 10th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.30%. Brady's dividend payout ratio is currently 23.59%.

Wall Street Analyst Weigh In

Separately, StockNews.com cut Brady from a "strong-buy" rating to a "buy" rating in a 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.