RHS Financial LLC Has $256,000 Holdings in Brady Co. (NYSE:BRC)

RHS Financial LLC trimmed its position in shares of Brady Co. (NYSE:BRC) by 13.4% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 3,461 shares of the industrial products company’s stock after selling 536 shares during the period. RHS Financial LLC’s holdings in Brady were worth $256,000 at the end of the most recent reporting period.

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 3rd quarter. Point72 DIFC Ltd now owns 651 shares of the industrial products company’s stock worth $50,000 after buying an additional 402 shares during the last quarter. Quarry LP lifted its holdings in shares of Brady by 36.1% in the second quarter. Quarry LP now owns 962 shares of the industrial products company’s stock worth $64,000 after acquiring an additional 255 shares during the last quarter. GAMMA Investing LLC boosted its stake 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 valued at $134,000 after purchasing an additional 836 shares in the last quarter. KBC Group NV grew its holdings in shares of Brady by 84.2% during the 4th quarter. KBC Group NV now owns 1,789 shares of the industrial products company’s stock valued at $132,000 after purchasing an additional 818 shares during the last quarter. Finally, Farther Finance Advisors LLC increased its position in Brady by 10,983.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,995 shares of the industrial products company’s stock worth $153,000 after purchasing an additional 1,977 shares in the last quarter. 76.28% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

Brady Trading Down 0.7 %

Shares of BRC stock opened at $74.51 on Friday. Brady Co. has a twelve month low of $56.09 and a twelve month high of $77.68. The stock’s fifty day simple moving average is $74.54 and its 200 day simple moving average is $73.50. 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 firm has a market capitalization of $3.56 billion, a P/E ratio of 18.31 and a beta of 0.77.

Brady (NYSE:BRC) last released its quarterly earnings results on Monday, November 18th. The industrial products company reported $1.12 earnings per share for the quarter, topping the consensus estimate of $1.10 by $0.02. The company had revenue of $377.10 million for the quarter, compared to analysts’ expectations of $365.88 million. Brady had a return on equity of 19.79% and a net margin of 14.19%. The business’s quarterly revenue was up 13.6% compared to the same quarter last year. During the same period in the previous year, the business posted $1.00 earnings per share. As a group, sell-side analysts predict that Brady Co. will post 4.55 EPS for the current fiscal year.

Brady Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Friday, January 10th were issued a dividend of $0.24 per share. The ex-dividend date was Friday, January 10th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.29%. Brady’s dividend payout ratio (DPR) is presently 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.