Y Intercept Hong Kong Ltd Takes $341,000 Position in Brady Co. (NYSE:BRC)

Y Intercept Hong Kong Ltd bought a new stake in shares of Brady Co. (NYSE:BRC) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 4,623 shares of the industrial products company’s stock, valued at approximately $341,000.

Other institutional investors also recently bought and sold shares of the company. Transcend Capital Advisors LLC lifted its stake in Brady by 12.8% in the 4th quarter. Transcend Capital Advisors LLC now owns 15,893 shares of the industrial products company’s stock worth $1,174,000 after purchasing an additional 1,805 shares in the last quarter. Allianz Asset Management GmbH raised its position in shares of Brady by 10.6% during the 4th quarter. Allianz Asset Management GmbH now owns 398,366 shares of the industrial products company’s stock valued at $29,419,000 after buying an additional 38,139 shares during the period. Ieq Capital LLC purchased a new stake in shares of Brady during the 4th quarter valued at approximately $393,000. Bryn Mawr Capital Management LLC purchased a new stake in shares of Brady during the 4th quarter valued at approximately $158,000. Finally, Principal Financial Group Inc. increased its holdings in Brady by 3.5% in the 4th quarter. Principal Financial Group Inc. now owns 211,174 shares of the industrial products company’s stock valued at $15,595,000 after purchasing an additional 7,083 shares during the last quarter. 76.28% of the stock is currently owned by institutional investors and hedge funds.

Brady Stock Down 2.9 %

Brady stock opened at $70.40 on Tuesday. The firm has a 50 day moving average price of $73.72 and a 200 day moving average price of $73.98. The company has a market capitalization of $3.36 billion, a PE ratio of 17.30 and a beta of 0.76. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.25 and a current ratio of 1.84. Brady Co. has a fifty-two week low of $56.71 and a fifty-two week high of $77.68.

Brady (NYSE:BRC) last posted its quarterly earnings results on Friday, February 21st. The industrial products company reported $1.00 EPS for the quarter, missing the consensus estimate of $1.03 by ($0.03). The business had revenue of $356.68 million during the quarter, compared to analyst estimates of $359.21 million. Brady had a return on equity of 19.79% and a net margin of 14.19%. During the same quarter last year, the firm earned $0.93 EPS. Research analysts expect that Brady Co. will post 4.55 earnings per share for the current year.

Brady Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 9th will be paid a dividend of $0.24 per share. The ex-dividend date of this dividend is Wednesday, April 9th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.36%. Brady’s payout ratio is currently 24.00%.

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.