AlphaQuest LLC Has $288,000 Stock Position in Brady Co. (NYSE:BRC)

AlphaQuest LLC reduced its position in Brady Co. (NYSE:BRC - Free Report) by 89.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,895 shares of the industrial products company's stock after selling 32,796 shares during the period. AlphaQuest LLC's holdings in Brady were worth $288,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Atria Investments Inc raised its position in Brady by 59.3% during the third quarter. Atria Investments Inc now owns 4,831 shares of the industrial products company's stock valued at $370,000 after acquiring an additional 1,798 shares in the last quarter. Entropy Technologies LP acquired a new position in shares of Brady during the 3rd quarter worth $342,000. GSA Capital Partners LLP acquired a new position in shares of Brady during the 3rd quarter worth $645,000. Royce & Associates LP raised its holdings in shares of Brady by 27.1% during the 3rd quarter. Royce & Associates LP now owns 555,792 shares of the industrial products company's stock valued at $42,590,000 after purchasing an additional 118,557 shares in the last quarter. Finally, Natixis Advisors LLC acquired a new stake in shares of Brady in the 3rd quarter valued at $792,000. 76.28% of the stock is owned by hedge funds and other institutional investors.

Brady Trading Up 2.8 %

Brady stock opened at $70.79 on Friday. Brady Co. has a one year low of $56.81 and a one year high of $77.68. The company's fifty day moving average price is $72.97 and its two-hundred day moving average price is $73.82. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.84 and a quick ratio of 1.25. The company has a market capitalization of $3.38 billion, a price-to-earnings ratio of 17.39 and a beta of 0.72.

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Brady (NYSE:BRC - Get Free Report) last issued its quarterly earnings data on Friday, February 21st. The industrial products company reported $1.00 EPS for the quarter, missing analysts' consensus estimates of $1.03 by ($0.03). Brady had a net margin of 14.19% and a return on equity of 19.79%. The company had revenue of $356.68 million for the quarter, compared to analyst estimates of $359.21 million. During the same period in the prior year, the company posted $0.93 EPS. On average, analysts forecast that Brady Co. will post 4.55 earnings per share for the current fiscal year.

Brady Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 9th will be issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 1.36%. The ex-dividend date is Wednesday, April 9th. Brady's dividend payout ratio is currently 24.00%.

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.

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