Guidance Capital Inc. Invests $465,000 in Brady Co. (NYSE:BRC)

Guidance Capital Inc. purchased a new position in shares of Brady Co. (NYSE:BRC) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 6,236 shares of the industrial products company’s stock, valued at approximately $465,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Prentiss Smith & Co. Inc. increased its stake in shares of Brady by 50.2% during the fourth quarter. Prentiss Smith & Co. Inc. now owns 54,509 shares of the industrial products company’s stock worth $4,025,000 after acquiring an additional 18,228 shares during the period. Robeco Institutional Asset Management B.V. increased its stake in shares of Brady by 18.2% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 177,324 shares of the industrial products company’s stock worth $13,095,000 after acquiring an additional 27,293 shares during the period. KBC Group NV increased its stake in shares of Brady by 84.2% during the fourth quarter. KBC Group NV now owns 1,789 shares of the industrial products company’s stock worth $132,000 after acquiring an additional 818 shares during the period. Blue Trust Inc. increased its stake in shares of Brady by 64.1% during the fourth quarter. Blue Trust Inc. now owns 6,986 shares of the industrial products company’s stock worth $535,000 after acquiring an additional 2,729 shares during the period. Finally, Andina Capital Management LLC increased its stake in shares of Brady by 3.2% during the fourth quarter. Andina Capital Management LLC now owns 5,718 shares of the industrial products company’s stock worth $422,000 after acquiring an additional 179 shares during the period. 76.28% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Brady Stock Up 0.4 %

Shares of NYSE BRC opened at $74.99 on Thursday. The company has a quick ratio of 1.25, a current ratio of 1.84 and a debt-to-equity ratio of 0.11. Brady Co. has a 52 week low of $56.09 and a 52 week high of $77.68. The firm has a 50-day moving average price of $74.50 and a 200 day moving average price of $73.63. The stock has a market capitalization of $3.58 billion, a price-to-earnings ratio of 18.42 and a beta of 0.76.

Brady (NYSE:BRC) last announced 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 firm had revenue of $377.10 million during the quarter, compared to analysts’ expectations of $365.88 million. Brady had a net margin of 14.19% and a return on equity of 19.79%. The business’s revenue for the quarter was up 13.6% compared to the same quarter last year. During the same quarter last year, the business earned $1.00 earnings per share. Equities research analysts anticipate that Brady Co. will post 4.55 EPS for the current fiscal year.

Brady Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Investors 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 yield of 1.28%. Brady’s payout ratio is 23.59%.

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.