Dean Investment Associates LLC Has $2.64 Million Stake in Brady Co. (NYSE:BRC)

Dean Investment Associates LLC cut its holdings in Brady Co. (NYSE:BRC - Free Report) by 34.0% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 34,451 shares of the industrial products company's stock after selling 17,708 shares during the quarter. Dean Investment Associates LLC owned about 0.07% of Brady worth $2,640,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in BRC. Swedbank AB increased its holdings in shares of Brady by 54.4% during the 2nd quarter. Swedbank AB now owns 350,000 shares of the industrial products company's stock valued at $23,107,000 after acquiring an additional 123,296 shares during the last quarter. SG Americas Securities LLC raised its position in shares of Brady by 1,135.8% in the second quarter. SG Americas Securities LLC now owns 65,211 shares of the industrial products company's stock valued at $4,305,000 after purchasing an additional 59,934 shares during the period. Royce & Associates LP lifted its stake in shares of Brady by 27.1% in the third quarter. Royce & Associates LP now owns 555,792 shares of the industrial products company's stock worth $42,590,000 after buying an additional 118,557 shares during the last quarter. GSA Capital Partners LLP bought a new stake in shares of Brady during the 3rd quarter worth $645,000. Finally, Natixis Advisors LLC acquired a new position in Brady in the 3rd quarter valued at $792,000. 76.28% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Brady news, CEO Russell Shaller sold 21,128 shares of the company's stock in a transaction dated 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 directly owns 102,150 shares of the company's stock, valued at approximately $7,691,895. This represents a 17.14 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, General Counsel Andrew Gorman sold 8,736 shares of the 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 sale, the general counsel now owns 10,140 shares in the company, valued at approximately $751,374. This trade represents a 46.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 45,262 shares of company stock valued at $3,371,231 over the last quarter. Corporate insiders own 15.60% of the company's stock.

Brady Stock Performance

BRC traded up $1.55 during midday trading on Monday, reaching $75.65. The company's stock had a trading volume of 251,588 shares, compared to its average volume of 275,195. Brady Co. has a twelve month low of $56.09 and a twelve month high of $77.68. The stock has a market cap of $3.61 billion, a P/E ratio of 18.59 and a beta of 0.77. The company has a fifty day simple moving average of $74.15 and a 200 day simple moving average of $71.37. The company has a current ratio of 1.84, a quick ratio of 1.25 and a debt-to-equity ratio of 0.11.

Brady (NYSE:BRC - Get Free Report) last posted its quarterly earnings results on Monday, November 18th. The industrial products company reported $1.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.10 by $0.02. Brady had a net margin of 14.19% and a return on equity of 19.79%. The company had revenue of $377.10 million for the quarter, compared to analyst estimates of $365.88 million. During the same period last year, the business posted $1.00 EPS. The business's quarterly revenue was up 13.6% on a year-over-year basis. Research analysts expect that Brady Co. will post 4.55 earnings per share for the current year.

Brady Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 10th will be issued a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.27%. The ex-dividend date is Friday, January 10th. Brady's dividend payout ratio (DPR) is presently 23.59%.

Wall Street Analysts Forecast Growth

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

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.