Virtu Financial LLC acquired a new position in shares of Brady Corp (NYSE:BRC) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 16,000 shares of the industrial products company’s stock, valued at approximately $700,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of BRC. Principal Financial Group Inc. grew its holdings in shares of Brady by 2.8% during the first quarter. Principal Financial Group Inc. now owns 399,529 shares of the industrial products company’s stock valued at $14,843,000 after purchasing an additional 10,963 shares during the last quarter. Alps Advisors Inc. bought a new position in shares of Brady during the second quarter valued at approximately $490,000. TD Asset Management Inc. bought a new position in shares of Brady during the second quarter valued at approximately $2,624,000. Wells Fargo & Company MN grew its holdings in shares of Brady by 12.9% during the second quarter. Wells Fargo & Company MN now owns 1,413,776 shares of the industrial products company’s stock valued at $54,501,000 after purchasing an additional 161,439 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in shares of Brady during the second quarter valued at approximately $393,000. Institutional investors and hedge funds own 76.82% of the company’s stock.

In related news, VP Russell Shaller sold 10,000 shares of the stock in a transaction that occurred on Monday, November 26th. The stock was sold at an average price of $43.00, for a total value of $430,000.00. Following the completion of the transaction, the vice president now directly owns 55,851 shares of the company’s stock, valued at approximately $2,401,593. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Elizabeth P. Bruno sold 24,000 shares of the stock in a transaction that occurred on Monday, September 24th. The stock was sold at an average price of $43.86, for a total value of $1,052,640.00. Following the completion of the transaction, the director now directly owns 35,090 shares of the company’s stock, valued at $1,539,047.40. The disclosure for this sale can be found here. Insiders sold a total of 179,614 shares of company stock valued at $7,858,550 over the last three months. Corporate insiders own 15.60% of the company’s stock.

Several research firms have recently commented on BRC. ValuEngine raised Brady from a “hold” rating to a “buy” rating in a report on Thursday, September 6th. Zacks Investment Research raised Brady from a “hold” rating to a “buy” rating and set a $47.00 target price for the company in a report on Wednesday, November 28th. Sidoti lowered Brady from a “buy” rating to a “neutral” rating in a report on Tuesday, September 18th. Bank of America set a $42.00 target price on Brady and gave the company a “sell” rating in a report on Monday, September 17th. Finally, SunTrust Banks reaffirmed a “hold” rating and set a $43.00 target price on shares of Brady in a report on Monday, November 19th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $44.00.

NYSE:BRC opened at $41.18 on Thursday. Brady Corp has a 52 week low of $35.00 and a 52 week high of $47.35. The company has a market cap of $2.16 billion, a PE ratio of 20.19, a P/E/G ratio of 2.41 and a beta of 1.21. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.72 and a quick ratio of 2.09.

Brady (NYSE:BRC) last issued its quarterly earnings data on Thursday, November 15th. The industrial products company reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.52 by $0.06. Brady had a return on equity of 15.01% and a net margin of 8.15%. The business had revenue of $293.20 million during the quarter, compared to analyst estimates of $295.67 million. During the same period in the prior year, the company posted $0.49 EPS. Equities research analysts anticipate that Brady Corp will post 2.28 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 31st. Investors of record on Thursday, January 10th will be issued a $0.2125 dividend. This represents a $0.85 dividend on an annualized basis and a yield of 2.06%. The ex-dividend date of this dividend is Wednesday, January 9th. Brady’s dividend payout ratio (DPR) is 41.67%.

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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 IDS segment offers safety signs, pipe markers, labeling systems, spill control products, and lockout/tagout devices for facility identification and protection; materials and printing systems for product identification, brand protection labeling, work in process labeling, and finished product identification; and hand-held printers, wire markers, sleeves, and tags for wire identification, as well as software and services for safety compliance auditing, procedure writing, and training.

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Institutional Ownership by Quarter for Brady (NYSE:BRC)

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