4,623 Shares in Brady Co. (NYSE:BRC) Bought by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd bought a new position in shares of Brady Co. (NYSE:BRC) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 4,623 shares of the industrial products company’s stock, valued at approximately $341,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Andina Capital Management LLC lifted its position in Brady by 3.2% in the fourth quarter. Andina Capital Management LLC now owns 5,718 shares of the industrial products company’s stock valued at $422,000 after acquiring an additional 179 shares during the last quarter. GAMMA Investing LLC lifted its position in Brady by 10.5% in the fourth quarter. GAMMA Investing LLC now owns 1,938 shares of the industrial products company’s stock valued at $143,000 after acquiring an additional 184 shares during the last quarter. Stifel Financial Corp lifted its position in Brady by 0.4% in the third quarter. Stifel Financial Corp now owns 54,396 shares of the industrial products company’s stock valued at $4,168,000 after acquiring an additional 197 shares during the last quarter. Glenmede Trust Co. NA lifted its position in Brady by 5.6% in the third quarter. Glenmede Trust Co. NA now owns 3,755 shares of the industrial products company’s stock valued at $288,000 after acquiring an additional 198 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Brady by 2.6% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,236 shares of the industrial products company’s stock valued at $784,000 after buying an additional 257 shares during the last quarter. 76.28% of the stock is owned by hedge funds and other institutional investors.

Brady Price Performance

Shares of NYSE:BRC opened at $70.40 on Tuesday. The company has a 50-day simple moving average of $73.72 and a 200-day simple moving average of $73.98. Brady Co. has a one year low of $56.71 and a one year 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 market capitalization of $3.36 billion, a price-to-earnings ratio of 17.30 and a beta of 0.76.

Brady (NYSE:BRC) last posted its quarterly earnings results on Friday, February 21st. The industrial products company reported $1.00 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.03 by ($0.03). The firm had revenue of $356.68 million for the quarter, compared to analysts’ expectations of $359.21 million. Brady had a return on equity of 19.79% and a net margin of 14.19%. During the same period in the prior year, the company earned $0.93 earnings per share. On average, analysts predict that Brady Co. will post 4.55 EPS for the current year.

Brady Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 9th will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Wednesday, April 9th. This represents a $0.96 annualized dividend and a yield of 1.36%. Brady’s payout ratio is currently 24.00%.

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.