Brady Co. (NYSE:BRC) Shares Purchased by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC boosted its position in shares of Brady Co. (NYSE:BRC) by 4.3% during the fourth quarter, Holdings Channel.com reports. The firm owned 24,696 shares of the industrial products company’s stock after buying an additional 1,012 shares during the quarter. Exchange Traded Concepts LLC’s holdings in Brady were worth $1,824,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Point72 DIFC Ltd raised its position in shares of Brady by 161.4% during the 3rd quarter. Point72 DIFC Ltd now owns 651 shares of the industrial products company’s stock valued at $50,000 after buying an additional 402 shares during the period. Quarry LP raised its position in Brady by 36.1% in 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 during the period. GAMMA Investing LLC lifted its stake in shares of Brady by 91.1% in the 3rd quarter. GAMMA Investing LLC now owns 1,754 shares of the industrial products company’s stock valued at $134,000 after purchasing an additional 836 shares during the last quarter. Farther Finance Advisors LLC grew its holdings in shares of Brady by 10,983.3% during 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. Finally, Advisors Asset Management Inc. increased its position in shares of Brady by 173.9% during the 3rd quarter. Advisors Asset Management Inc. now owns 2,342 shares of the industrial products company’s stock worth $179,000 after purchasing an additional 1,487 shares during the last quarter. 76.28% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Brady Stock Performance

NYSE:BRC opened at $74.57 on Monday. The stock has a market capitalization of $3.56 billion, a P/E ratio of 18.32 and a beta of 0.77. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.25 and a current ratio of 1.84. Brady Co. has a fifty-two week low of $56.09 and a fifty-two week high of $77.68. The company has a 50 day moving average price of $74.11 and a 200 day moving average price of $73.28.

Brady (NYSE:BRC) last issued its quarterly earnings data on Monday, November 18th. The industrial products company reported $1.12 earnings per share for the quarter, beating analysts’ consensus estimates of $1.10 by $0.02. Brady had a return on equity of 19.79% and a net margin of 14.19%. The business had revenue of $377.10 million during the quarter, compared to analysts’ expectations of $365.88 million. During the same period in the previous year, the firm posted $1.00 earnings per share. The company’s revenue was up 13.6% on a year-over-year basis. Equities research analysts forecast that Brady Co. will post 4.55 EPS for the current year.

Brady Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 10th will be paid a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 1.29%. The ex-dividend date is Friday, January 10th. Brady’s payout ratio is 23.59%.

About Brady

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.