Hennion & Walsh Asset Management Inc. Sells 2,956 Shares of Brady Co. (NYSE:BRC)

Hennion & Walsh Asset Management Inc. cut its stake in shares of Brady Co. (NYSE:BRC) by 39.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,539 shares of the industrial products company’s stock after selling 2,956 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in Brady were worth $335,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Point72 DIFC Ltd lifted its position in shares of 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 purchasing an additional 402 shares in the last quarter. Quarry LP increased its stake in Brady by 36.1% in the 2nd quarter. Quarry LP now owns 962 shares of the industrial products company’s stock valued at $64,000 after buying an additional 255 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of Brady by 91.1% during the 3rd quarter. GAMMA Investing LLC now owns 1,754 shares of the industrial products company’s stock worth $134,000 after buying an additional 836 shares in the last quarter. Farther Finance Advisors LLC boosted its stake in shares of Brady by 10,983.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,995 shares of the industrial products company’s stock worth $153,000 after buying an additional 1,977 shares during the last quarter. Finally, Advisors Asset Management Inc. grew its holdings in shares of Brady by 173.9% in the third quarter. Advisors Asset Management Inc. now owns 2,342 shares of the industrial products company’s stock valued at $179,000 after acquiring an additional 1,487 shares in the last quarter. 76.28% of the stock is owned by hedge funds and other institutional investors.

Brady Trading Up 2.4 %

NYSE BRC opened at $75.25 on Wednesday. The stock has a market capitalization of $3.59 billion, a price-to-earnings ratio of 18.49 and a beta of 0.77. The business’s fifty day moving average is $74.13 and its 200-day moving average is $73.07. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.84 and a quick ratio of 1.25. Brady Co. has a one year low of $56.09 and a one year high of $77.68.

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

Brady Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 10th will be paid a $0.24 dividend. The ex-dividend date is Friday, January 10th. This represents a $0.96 annualized dividend and a dividend yield of 1.28%. Brady’s payout ratio is presently 23.59%.

Wall Street Analyst Weigh In

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

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.