RHS Financial LLC Has $256,000 Holdings in Brady Co. (NYSE:BRC)

RHS Financial LLC trimmed its stake in shares of Brady Co. (NYSE:BRC) by 13.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,461 shares of the industrial products company’s stock after selling 536 shares during the period. RHS Financial LLC’s holdings in Brady were worth $256,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in BRC. FMR LLC raised its stake in shares of Brady by 39.5% in the 3rd quarter. FMR LLC now owns 2,658,925 shares of the industrial products company’s stock valued at $203,753,000 after purchasing an additional 753,092 shares during the period. Assenagon Asset Management S.A. grew its holdings in shares of Brady by 143.1% during the third quarter. Assenagon Asset Management S.A. now owns 266,981 shares of the industrial products company’s stock worth $20,459,000 after buying an additional 157,149 shares in the last quarter. BNP Paribas Financial Markets raised its position in Brady by 1,121.9% in 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 lifted its stake in Brady by 27.1% in the 3rd quarter. Royce & Associates LP now owns 555,792 shares of the industrial products company’s stock valued at $42,590,000 after acquiring an additional 118,557 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its stake in Brady by 20.8% in 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 acquiring an additional 82,438 shares in the last quarter. 76.28% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

Brady Stock Performance

BRC opened at $74.51 on Friday. 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 business’s 50-day simple moving average is $74.54 and its 200 day simple moving average is $73.50. The firm has a market capitalization of $3.56 billion, a PE ratio of 18.31 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 released its quarterly earnings data on Monday, November 18th. The industrial products company reported $1.12 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 the consensus estimate of $365.88 million. Brady had a return on equity of 19.79% and a net margin of 14.19%. The firm’s revenue for the quarter was up 13.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.00 EPS. As a group, sell-side analysts expect that Brady Co. will post 4.55 earnings per share for the current fiscal year.

Brady Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Friday, January 10th were issued a $0.24 dividend. The ex-dividend date of this dividend was Friday, January 10th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.29%. 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.