Paradiem LLC Decreases Stock Holdings in Brady Co. (NYSE:BRC)

Paradiem LLC decreased its holdings in Brady Co. (NYSE:BRC) by 0.4% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 158,234 shares of the industrial products company’s stock after selling 594 shares during the quarter. Brady accounts for approximately 3.1% of Paradiem LLC’s holdings, making the stock its 15th biggest position. Paradiem LLC owned approximately 0.33% of Brady worth $11,686,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of BRC. Point72 DIFC Ltd grew its stake 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 acquiring an additional 402 shares during the period. Quarry LP grew its stake in shares of 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 during the period. GAMMA Investing LLC grew its stake 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 acquiring an additional 836 shares during the period. Farther Finance Advisors LLC grew its stake 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 valued at $153,000 after acquiring an additional 1,977 shares during the period. Finally, Advisors Asset Management Inc. grew its stake 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 valued at $179,000 after acquiring an additional 1,487 shares during the period. Hedge funds and other institutional investors own 76.28% of the company’s stock.

Brady Trading Down 1.2 %

BRC stock opened at $74.20 on Thursday. Brady Co. has a 1-year low of $56.09 and a 1-year high of $77.68. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.84 and a quick ratio of 1.25. The company has a market capitalization of $3.54 billion, a price-to-earnings ratio of 18.23 and a beta of 0.77. The business has a 50 day simple moving average of $74.08 and a two-hundred day simple moving average of $73.08.

Brady (NYSE:BRC) last posted its quarterly earnings results on Monday, November 18th. The industrial products company reported $1.12 earnings per share for the quarter, topping the consensus estimate 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 the consensus estimate of $365.88 million. During the same period in the prior year, the company posted $1.00 EPS. The firm’s revenue for the quarter was up 13.6% compared to the same quarter last year. Research analysts anticipate that Brady Co. will post 4.55 EPS for the current fiscal year.

Brady Dividend Announcement

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

Analyst Ratings Changes

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

Brady 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.