Global Retirement Partners LLC decreased its holdings in shares of Brady Co. (NYSE:BRC - Free Report) by 81.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,222 shares of the industrial products company's stock after selling 9,486 shares during the quarter. Global Retirement Partners LLC's holdings in Brady were worth $164,000 at the end of the most recent quarter.
Other hedge funds have also made changes to their positions in the company. Point72 DIFC Ltd boosted its position in Brady by 161.4% during the 3rd quarter. Point72 DIFC Ltd now owns 651 shares of the industrial products company's stock worth $50,000 after acquiring an additional 402 shares during the period. Principal Securities Inc. increased its holdings in shares of Brady by 378.1% in the fourth quarter. Principal Securities Inc. now owns 655 shares of the industrial products company's stock valued at $48,000 after buying an additional 518 shares in the last quarter. KBC Group NV lifted its holdings in shares of Brady by 84.2% during the fourth quarter. KBC Group NV now owns 1,789 shares of the industrial products company's stock valued at $132,000 after purchasing an additional 818 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of Brady by 10.5% in the fourth quarter. GAMMA Investing LLC now owns 1,938 shares of the industrial products company's stock worth $143,000 after buying an additional 184 shares during the period. Finally, Farther Finance Advisors LLC boosted its stake in Brady by 10,983.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,995 shares of the industrial products company's stock worth $153,000 after purchasing an additional 1,977 shares during the period. Institutional investors own 76.28% of the company's stock.
Brady Stock Down 0.8 %
Shares of BRC stock traded down $0.55 during trading on Friday, hitting $72.27. 483,215 shares of the company were exchanged, compared to its average volume of 248,880. The firm has a market capitalization of $3.45 billion, a price-to-earnings ratio of 17.76 and a beta of 0.76. 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 business's 50-day simple moving average is $73.81 and its 200 day simple moving average is $73.97. Brady Co. has a twelve month low of $56.71 and a twelve month high of $77.68.
Brady (NYSE:BRC - Get Free Report) last posted its earnings results on Friday, February 21st. The industrial products company reported $1.00 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.03 by ($0.03). The business had revenue of $356.68 million during the quarter, compared to analyst estimates of $359.21 million. Brady had a net margin of 14.19% and a return on equity of 19.79%. During the same quarter last year, the firm earned $0.93 earnings per share. As a group, analysts forecast that Brady Co. will post 4.55 EPS for the current fiscal year.
Brady Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders 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 1.33%. Brady's payout ratio is 24.00%.
Brady Company Profile
(
Free Report)
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.
See Also
Before you consider Brady, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Brady wasn't on the list.
While Brady currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat has just released its list of 20 stocks that Wall Street analysts hate. These companies may appear to have good fundamentals, but top analysts smell something seriously rotten. Are any of these companies lurking around your portfolio?
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
