Andina Capital Management LLC Increases Stock Position in Brady Co. (NYSE:BRC)

Andina Capital Management LLC increased its position in Brady Co. (NYSE:BRC) by 3.2% in the fourth quarter, Holdings Channel.com reports. The fund owned 5,718 shares of the industrial products company’s stock after purchasing an additional 179 shares during the period. Andina Capital Management LLC’s holdings in Brady were worth $422,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in BRC. FMR LLC raised its stake in Brady by 39.5% during the 3rd quarter. FMR LLC now owns 2,658,925 shares of the industrial products company’s stock valued at $203,753,000 after buying an additional 753,092 shares during the last quarter. Assenagon Asset Management S.A. raised its stake in Brady by 143.1% during the 3rd quarter. Assenagon Asset Management S.A. now owns 266,981 shares of the industrial products company’s stock valued at $20,459,000 after buying an additional 157,149 shares during the last quarter. BNP Paribas Financial Markets raised its stake in Brady by 1,121.9% during the 3rd quarter. BNP Paribas Financial Markets now owns 159,668 shares of the industrial products company’s stock valued at $12,235,000 after buying an additional 146,601 shares during the last quarter. Royce & Associates LP raised its stake 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 buying an additional 118,557 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC raised its stake in Brady by 20.8% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 479,057 shares of the industrial products company’s stock valued at $36,710,000 after buying an additional 82,438 shares during the last quarter. 76.28% of the stock is currently owned by hedge funds and other institutional investors.

Brady Trading Down 1.5 %

Shares of BRC stock opened at $74.57 on Friday. Brady Co. has a 1 year low of $56.09 and a 1 year high of $77.68. The firm has a fifty day moving average price of $74.11 and a 200-day moving average price of $73.21. 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 cap of $3.56 billion, a price-to-earnings ratio of 18.32 and a beta of 0.77.

Brady (NYSE:BRC) last issued its quarterly earnings data on Monday, November 18th. The industrial products company reported $1.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $365.88 million. During the same quarter in the previous year, the firm posted $1.00 EPS. The company’s revenue for the quarter was up 13.6% compared to the same quarter last year. As a group, equities analysts predict that Brady Co. will post 4.55 earnings per share for the current year.

Brady Announces Dividend

The firm also recently disclosed 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. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.29%. The ex-dividend date of this dividend is Friday, January 10th. Brady’s payout ratio is 23.59%.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of 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.