Seizert Capital Partners LLC Sells 602 Shares of Brady Co. (NYSE:BRC)

Seizert Capital Partners LLC trimmed its position in Brady Co. (NYSE:BRC) by 0.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 63,530 shares of the industrial products company’s stock after selling 602 shares during the period. Seizert Capital Partners LLC owned 0.13% of Brady worth $4,868,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. SG Americas Securities LLC bought a new position in shares of Brady in the 1st quarter worth about $313,000. State Board of Administration of Florida Retirement System increased its stake in shares of Brady by 225.8% during the first quarter. State Board of Administration of Florida Retirement System now owns 20,012 shares of the industrial products company’s stock valued at $1,186,000 after purchasing an additional 13,869 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Brady by 0.6% during the first quarter. Vanguard Group Inc. now owns 5,307,191 shares of the industrial products company’s stock valued at $314,610,000 after purchasing an additional 32,437 shares during the last quarter. O Shaughnessy Asset Management LLC boosted its position in shares of Brady by 31.7% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 18,075 shares of the industrial products company’s stock worth $1,072,000 after purchasing an additional 4,347 shares in the last quarter. Finally, Seven Eight Capital LP purchased a new stake in shares of Brady in the 1st quarter worth approximately $438,000. Institutional investors own 76.28% of the company’s stock.

Analyst Ratings Changes

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

Insider Buying and Selling

In related news, General Counsel Andrew Gorman sold 8,736 shares of the 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 transaction, the general counsel now owns 10,140 shares in the company, valued at $751,374. This represents a 46.28 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Russell Shaller sold 21,128 shares of Brady stock in a transaction that occurred on Friday, September 27th. The stock was sold at an average price of $75.30, for a total transaction of $1,590,938.40. Following the completion of the sale, the chief executive officer now directly owns 102,150 shares of the company’s stock, valued at approximately $7,691,895. This trade represents a 17.14 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 45,262 shares of company stock worth $3,371,231. 15.60% of the stock is owned by corporate insiders.

Brady Stock Performance

Shares of BRC stock opened at $74.21 on Friday. The company has a market capitalization of $3.53 billion, a price-to-earnings ratio of 18.23, a price-to-earnings-growth ratio of 3.53 and a beta of 0.76. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.69 and a current ratio of 2.27. Brady Co. has a one year low of $52.68 and a one year high of $77.68. The company’s 50-day moving average is $74.36 and its 200 day moving average is $69.89.

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

Brady Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Thursday, October 10th were given a dividend of $0.24 per share. The ex-dividend date was Thursday, October 10th. This is a boost from Brady’s previous quarterly dividend of $0.24. This represents a $0.96 annualized dividend and a dividend yield of 1.29%. Brady’s dividend payout ratio (DPR) is 23.59%.

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.