GAMMA Investing LLC Purchases 184 Shares of Brady Co. (NYSE:BRC)

GAMMA Investing LLC grew its holdings in Brady Co. (NYSE:BRC) by 10.5% during the 4th quarter, Holdings Channel reports. The firm owned 1,938 shares of the industrial products company’s stock after purchasing an additional 184 shares during the period. GAMMA Investing LLC’s holdings in Brady were worth $143,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Lord Abbett & CO. LLC boosted its stake in Brady by 2.9% in the third quarter. Lord Abbett & CO. LLC now owns 618,841 shares of the industrial products company’s stock valued at $47,422,000 after acquiring an additional 17,682 shares during the last quarter. Tidal Investments LLC boosted its position in shares of Brady by 13.3% in the 3rd quarter. Tidal Investments LLC now owns 24,931 shares of the industrial products company’s stock worth $1,910,000 after purchasing an additional 2,934 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Brady by 7.4% during the third quarter. Geode Capital Management LLC now owns 658,093 shares of the industrial products company’s stock worth $50,445,000 after purchasing an additional 45,206 shares during the period. Barclays PLC increased its holdings in Brady by 535.4% in the third quarter. Barclays PLC now owns 23,733 shares of the industrial products company’s stock valued at $1,818,000 after purchasing an additional 19,998 shares during the last quarter. Finally, XTX Topco Ltd lifted its stake in Brady by 21.5% in the third quarter. XTX Topco Ltd now owns 11,314 shares of the industrial products company’s stock valued at $867,000 after buying an additional 2,005 shares during the period. Institutional investors and hedge funds own 76.28% of the company’s stock.

Brady Stock Up 0.8 %

Shares of NYSE BRC opened at $73.69 on Friday. The firm has a 50 day moving average price of $74.39 and a 200 day moving average price of $72.56. 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 cap of $3.52 billion, a P/E ratio of 18.11 and a beta of 0.77. Brady Co. has a 52-week low of $56.09 and a 52-week high of $77.68.

Brady (NYSE:BRC) last announced its quarterly 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. The company had revenue of $377.10 million during 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 firm’s revenue was up 13.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.00 EPS. Analysts expect that Brady Co. will post 4.55 EPS for the current year.

Brady Announces Dividend

The firm also recently declared 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 1.30%. The ex-dividend date is Friday, January 10th. Brady’s dividend payout ratio is currently 23.59%.

Analyst Upgrades and Downgrades

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

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.