SG Americas Securities LLC Buys New Position in Brady Co. (NYSE:BRC)

SG Americas Securities LLC bought a new stake in shares of Brady Co. (NYSE:BRC) in the 4th quarter, Holdings Channel reports. The firm bought 3,192 shares of the industrial products company’s stock, valued at approximately $236,000.

A number of other hedge funds also recently bought and sold shares of the company. FMR LLC raised its stake in Brady by 39.5% during the 3rd quarter. FMR LLC now owns 2,658,925 shares of the industrial products company’s stock valued at $203,753,000 after buying an additional 753,092 shares during the last quarter. Geode Capital Management LLC increased its position in Brady by 7.4% in the third quarter. Geode Capital Management LLC now owns 658,093 shares of the industrial products company’s stock worth $50,445,000 after purchasing an additional 45,206 shares during the last quarter. Lord Abbett & CO. LLC lifted its stake in shares of Brady by 2.9% in the 3rd quarter. Lord Abbett & CO. LLC now owns 618,841 shares of the industrial products company’s stock valued at $47,422,000 after purchasing an additional 17,682 shares during the last quarter. Royce & Associates LP grew its holdings in 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 during the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its position in shares of Brady by 20.8% during the third quarter. Allspring Global Investments Holdings LLC now owns 479,057 shares of the industrial products company’s stock worth $36,710,000 after purchasing an additional 82,438 shares during the last quarter. Institutional investors own 76.28% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Brady Stock Performance

Shares of Brady stock opened at $75.12 on Friday. Brady Co. has a 52 week low of $56.09 and a 52 week high of $77.68. The company has a 50 day moving average price of $74.50 and a 200 day moving average price of $73.64. The company has a quick ratio of 1.25, a current ratio of 1.84 and a debt-to-equity ratio of 0.11. The firm has a market capitalization of $3.59 billion, a P/E ratio of 18.46 and a beta of 0.76.

Brady (NYSE:BRC) last released its quarterly earnings data on Monday, November 18th. The industrial products company reported $1.12 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 business had revenue of $377.10 million for the quarter, compared to the consensus estimate of $365.88 million. During the same period in the prior year, the firm earned $1.00 EPS. The business’s revenue for the quarter was up 13.6% on a year-over-year basis. Sell-side analysts expect that Brady Co. will post 4.55 EPS for the current year.

Brady Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Friday, January 10th were paid a $0.24 dividend. The ex-dividend date of this dividend was Friday, January 10th. This represents a $0.96 annualized dividend and a dividend yield of 1.28%. Brady’s dividend payout ratio is presently 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.