Nordea Investment Management AB Increases Position in Brady Co. (NYSE:BRC)

Nordea Investment Management AB boosted its holdings in Brady Co. (NYSE:BRC - Free Report) by 18.5% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 94,174 shares of the industrial products company's stock after buying an additional 14,702 shares during the period. Nordea Investment Management AB owned 0.20% of Brady worth $6,945,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Point72 DIFC Ltd grew its stake in Brady by 161.4% during the third quarter. Point72 DIFC Ltd now owns 651 shares of the industrial products company's stock valued at $50,000 after acquiring an additional 402 shares in the last quarter. Quarry LP grew its position in shares of Brady by 36.1% during the second quarter. Quarry LP now owns 962 shares of the industrial products company's stock valued at $64,000 after purchasing an additional 255 shares in the last quarter. Quest Partners LLC bought a new stake in shares of Brady in the second quarter worth about $119,000. GAMMA Investing LLC lifted its position in shares of Brady by 91.1% in the third quarter. GAMMA Investing LLC now owns 1,754 shares of the industrial products company's stock worth $134,000 after buying an additional 836 shares in the last quarter. Finally, Farther Finance Advisors LLC boosted its stake in Brady by 10,983.3% during the third quarter. Farther Finance Advisors LLC now owns 1,995 shares of the industrial products company's stock valued at $153,000 after buying an additional 1,977 shares during the last quarter. 76.28% of the stock is owned by institutional investors.

Brady Price Performance

Brady stock traded down $2.70 during mid-day trading on Friday, reaching $70.93. 255,364 shares of the company's stock traded hands, compared to its average volume of 242,861. Brady Co. has a 12-month low of $56.09 and a 12-month high of $77.68. The company has a market cap of $3.39 billion, a price-to-earnings ratio of 17.43 and a beta of 0.77. The stock has a 50 day moving average of $74.39 and a two-hundred day moving average of $72.56. The company has a quick ratio of 1.25, a current ratio of 1.84 and a debt-to-equity ratio of 0.11.

Brady (NYSE:BRC - Get Free Report) last announced its earnings results on Monday, November 18th. The industrial products company reported $1.12 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $377.10 million for the quarter, compared to analysts' expectations of $365.88 million. During the same period in the prior year, the company earned $1.00 EPS. The business's revenue was up 13.6% compared to the same quarter last year. Equities analysts forecast that Brady Co. will post 4.55 earnings per share for the current year.

Brady Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 10th will be given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 1.35%. The ex-dividend date of this dividend is Friday, January 10th. Brady's dividend payout ratio is currently 23.59%.

Wall Street Analyst Weigh In

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

Brady 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.