Mendota Financial Group LLC Has $163,000 Stock Position in Brady Co. (NYSE:BRC)

Mendota Financial Group LLC lowered its position in shares of Brady Co. (NYSE:BRC) by 24.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,212 shares of the industrial products company’s stock after selling 700 shares during the period. Mendota Financial Group LLC’s holdings in Brady were worth $163,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. FMR LLC increased its holdings in Brady by 39.5% in the third quarter. FMR LLC now owns 2,658,925 shares of the industrial products company’s stock valued at $203,753,000 after purchasing an additional 753,092 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Brady by 1.7% in the second quarter. Dimensional Fund Advisors LP now owns 1,510,180 shares of the industrial products company’s stock valued at $99,701,000 after buying an additional 24,786 shares during the period. Geode Capital Management LLC lifted its stake in shares of 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 acquiring an additional 45,206 shares during the period. Lord Abbett & CO. LLC boosted its holdings in Brady by 2.9% in the third quarter. Lord Abbett & CO. LLC now owns 618,841 shares of the industrial products company’s stock valued at $47,422,000 after acquiring an additional 17,682 shares during the last quarter. Finally, Royce & Associates LP increased its position 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 period. Institutional investors and hedge funds own 76.28% of the company’s stock.

Brady Trading Up 1.1 %

Shares of BRC stock opened at $71.60 on Tuesday. The company has a market cap of $3.42 billion, a P/E ratio of 17.59 and a beta of 0.77. Brady Co. has a fifty-two week low of $56.09 and a fifty-two week high of $77.68. 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 stock has a 50 day simple moving average of $74.38 and a two-hundred day simple moving average of $72.72.

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

Brady Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 10th will be issued a $0.24 dividend. The ex-dividend date is Friday, January 10th. This represents a $0.96 annualized dividend and a yield of 1.34%. Brady’s payout ratio is currently 23.59%.

Analyst Upgrades and Downgrades

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

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.