Everence Capital Management Inc. Sells 5,940 Shares of Brady Co. (NYSE:BRC)

Everence Capital Management Inc. lessened its holdings in Brady Co. (NYSE:BRC) by 41.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,370 shares of the industrial products company’s stock after selling 5,940 shares during the quarter. Everence Capital Management Inc.’s holdings in Brady were worth $618,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in BRC. Point72 DIFC Ltd grew its position in Brady by 161.4% during the third quarter. Point72 DIFC Ltd now owns 651 shares of the industrial products company’s stock valued at $50,000 after buying an additional 402 shares during the period. Quarry LP grew its position in shares of Brady by 36.1% during the 2nd quarter. Quarry LP now owns 962 shares of the industrial products company’s stock valued at $64,000 after acquiring an additional 255 shares during the period. Quest Partners LLC purchased a new stake in shares of Brady during the 2nd quarter worth approximately $119,000. GAMMA Investing LLC raised its holdings in shares of Brady by 91.1% in the 3rd quarter. GAMMA Investing LLC now owns 1,754 shares of the industrial products company’s stock worth $134,000 after purchasing an additional 836 shares during the period. Finally, Farther Finance Advisors LLC lifted its stake in Brady by 10,983.3% in the third quarter. Farther Finance Advisors LLC now owns 1,995 shares of the industrial products company’s stock valued at $153,000 after purchasing an additional 1,977 shares during the last quarter. 76.28% of the stock is owned by hedge funds and other institutional investors.

Brady Price Performance

NYSE BRC opened at $73.60 on Friday. The company has a quick ratio of 1.25, a current ratio of 1.84 and a debt-to-equity ratio of 0.11. The company has a market cap of $3.52 billion, a PE ratio of 18.08 and a beta of 0.77. Brady Co. has a 52 week low of $56.09 and a 52 week high of $77.68. The firm’s 50-day simple moving average is $74.29 and its two-hundred day simple moving average is $72.40.

Brady (NYSE:BRC) last announced its quarterly earnings results on Monday, November 18th. The industrial products company reported $1.12 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 company had revenue of $377.10 million for the quarter, compared to analysts’ expectations of $365.88 million. During the same period in the prior year, the company posted $1.00 EPS. Brady’s revenue was up 13.6% compared to the same quarter last year. Research analysts predict that Brady Co. will post 4.55 earnings per share for the current year.

Brady Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 10th will be paid a dividend of $0.24 per share. The ex-dividend date of this dividend is Friday, January 10th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.30%. Brady’s payout ratio is 23.59%.

Analyst Upgrades and Downgrades

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.