Guidance Capital Inc. Buys New Position in Brady Co. (NYSE:BRC)

Guidance Capital Inc. bought a new stake in Brady Co. (NYSE:BRC) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 6,236 shares of the industrial products company’s stock, valued at approximately $465,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Nordea Investment Management AB boosted its stake in Brady by 18.5% in the 4th quarter. Nordea Investment Management AB now owns 94,174 shares of the industrial products company’s stock worth $6,945,000 after buying an additional 14,702 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its holdings in shares of Brady by 18.2% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 177,324 shares of the industrial products company’s stock worth $13,095,000 after purchasing an additional 27,293 shares during the period. Royce & Associates LP lifted its stake in shares of 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 purchasing an additional 118,557 shares in the last quarter. Prentiss Smith & Co. Inc. lifted its stake in shares of Brady by 50.2% in the 4th quarter. Prentiss Smith & Co. Inc. now owns 54,509 shares of the industrial products company’s stock valued at $4,025,000 after purchasing an additional 18,228 shares in the last quarter. Finally, GSA Capital Partners LLP acquired a new position in shares of Brady in the 3rd quarter valued at about $645,000. Institutional investors and hedge funds own 76.28% of the company’s stock.

Brady Stock Performance

NYSE BRC opened at $74.99 on Thursday. The firm has a market capitalization of $3.58 billion, a P/E ratio of 18.42 and a beta of 0.76. 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 business’s 50-day simple moving average is $74.50 and its 200-day simple moving average is $73.63.

Brady (NYSE:BRC) last posted its earnings results 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 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 analyst estimates of $365.88 million. During the same quarter last year, the firm earned $1.00 earnings per share. The company’s revenue for the quarter was up 13.6% compared to the same quarter last year. Equities analysts predict that Brady Co. will post 4.55 EPS for the current year.

Brady Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Friday, January 10th were paid a $0.24 dividend. The ex-dividend date was Friday, January 10th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.28%. Brady’s dividend payout ratio (DPR) is currently 23.59%.

Analysts Set New Price Targets

Separately, StockNews.com lowered 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.