Andina Capital Management LLC Acquires 179 Shares of Brady Co. (NYSE:BRC)

Andina Capital Management LLC increased its holdings in Brady Co. (NYSE:BRC) by 3.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,718 shares of the industrial products company’s stock after purchasing an additional 179 shares during the quarter. Andina Capital Management LLC’s holdings in Brady were worth $422,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of 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 valued at $50,000 after acquiring an additional 402 shares in the last quarter. Quarry LP boosted its position in Brady by 36.1% during the 2nd quarter. Quarry LP now owns 962 shares of the industrial products company’s stock valued at $64,000 after acquiring an additional 255 shares in the last quarter. GAMMA Investing LLC boosted its position in Brady by 91.1% during the 3rd quarter. GAMMA Investing LLC now owns 1,754 shares of the industrial products company’s stock valued at $134,000 after acquiring an additional 836 shares in the last quarter. Farther Finance Advisors LLC boosted its position in 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 valued at $153,000 after acquiring an additional 1,977 shares in the last quarter. Finally, Advisors Asset Management Inc. boosted its position in Brady by 173.9% during the 3rd quarter. Advisors Asset Management Inc. now owns 2,342 shares of the industrial products company’s stock valued at $179,000 after acquiring an additional 1,487 shares in the last quarter. 76.28% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

Brady Price Performance

BRC stock opened at $74.57 on Friday. The firm has a 50 day moving average price of $74.11 and a 200-day moving average price of $73.21. Brady Co. has a 52-week low of $56.09 and a 52-week high of $77.68. The firm has a market capitalization of $3.56 billion, a price-to-earnings 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 (NYSE:BRC) last released 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 during the quarter, compared to analyst estimates of $365.88 million. During the same period last year, the business earned $1.00 earnings per share. The business’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 fiscal year.

Brady Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors 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 dividend on an annualized basis and a yield of 1.29%. Brady’s payout ratio is currently 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.