Blue Trust Inc. Increases Position in Brady Co. (NYSE:BRC)

Blue Trust Inc. increased its stake in shares of Brady Co. (NYSE:BRC) by 64.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,986 shares of the industrial products company’s stock after purchasing an additional 2,729 shares during the quarter. Blue Trust Inc.’s holdings in Brady were worth $535,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in BRC. Sei Investments Co. boosted its holdings in shares of Brady by 151.7% in the 2nd quarter. Sei Investments Co. now owns 13,351 shares of the industrial products company’s stock valued at $881,000 after buying an additional 8,047 shares in the last quarter. Creative Planning boosted its stake in Brady by 2.6% in the second quarter. Creative Planning now owns 10,277 shares of the industrial products company’s stock valued at $679,000 after acquiring an additional 256 shares in the last quarter. Quarry LP grew its holdings in Brady by 36.1% in the second quarter. Quarry LP now owns 962 shares of the industrial products company’s stock worth $64,000 after purchasing an additional 255 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of 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 purchasing an additional 836 shares during the last quarter. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new stake in shares of Brady in the 3rd quarter worth $251,000. Institutional investors own 76.28% of the company’s stock.

Wall Street Analyst Weigh In

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

Brady Stock Down 0.5 %

BRC stock opened at $74.98 on Friday. The stock has a market capitalization of $3.58 billion, a PE ratio of 18.42 and a beta of 0.77. Brady Co. has a 52 week low of $56.09 and a 52 week high of $77.68. 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 50 day moving average of $74.50 and a 200 day moving average of $73.44.

Brady (NYSE:BRC) last announced 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. The firm had revenue of $377.10 million for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period in the previous year, the company earned $1.00 earnings per share. Sell-side analysts forecast that Brady Co. will post 4.55 earnings per share for the current year.

Brady Announces Dividend

The company 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 1.28%. The ex-dividend date is Friday, January 10th. Brady’s payout ratio is 23.59%.

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.