SG Americas Securities LLC Acquires 3,106 Shares of Brady Co. (NYSE:BRC)

SG Americas Securities LLC boosted its holdings in Brady Co. (NYSE:BRCGet Rating) by 25.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,162 shares of the industrial products company’s stock after purchasing an additional 3,106 shares during the period. SG Americas Securities LLC’s holdings in Brady were worth $633,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Quent Capital LLC bought a new position in shares of Brady in the 2nd quarter valued at about $25,000. Lazard Asset Management LLC grew its position in shares of Brady by 14.4% in the 1st quarter. Lazard Asset Management LLC now owns 2,232 shares of the industrial products company’s stock valued at $103,000 after acquiring an additional 281 shares during the period. Point72 Hong Kong Ltd grew its position in shares of Brady by 740.0% in the 1st quarter. Point72 Hong Kong Ltd now owns 2,814 shares of the industrial products company’s stock valued at $130,000 after acquiring an additional 2,479 shares during the period. Captrust Financial Advisors grew its position in shares of Brady by 55.8% in the 1st quarter. Captrust Financial Advisors now owns 3,372 shares of the industrial products company’s stock valued at $156,000 after acquiring an additional 1,208 shares during the period. Finally, KBC Group NV bought a new position in shares of Brady in the 2nd quarter valued at about $196,000. Institutional investors own 77.57% of the company’s stock.

Brady Stock Performance

NYSE BRC opened at $51.12 on Monday. The firm has a 50-day moving average of $47.75 and a 200-day moving average of $46.32. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.26 and a current ratio of 2.07. The stock has a market cap of $2.55 billion, a PE ratio of 16.87, a P/E/G ratio of 2.21 and a beta of 0.77. Brady Co. has a 52-week low of $40.52 and a 52-week high of $53.36.

Brady (NYSE:BRCGet Rating) last posted its earnings results on Thursday, November 17th. The industrial products company reported $0.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.03. Brady had a net margin of 11.85% and a return on equity of 18.03%. The company had revenue of $322.57 million during the quarter. On average, sell-side analysts anticipate that Brady Co. will post 3.3 EPS for the current year.

Brady Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 31st. Shareholders of record on Tuesday, January 10th will be paid a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 1.80%. The ex-dividend date of this dividend is Monday, January 9th. Brady’s dividend payout ratio (DPR) is 30.36%.

Analyst Ratings Changes

A number of brokerages have recently commented on BRC. StockNews.com began coverage on shares of Brady in a research report on Wednesday, October 12th. They issued a “buy” rating for the company. Bank of America cut their target price on shares of Brady from $48.00 to $44.00 in a research note on Thursday, October 13th.

Brady Company Profile

(Get Rating)

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. It operates through two segments, IDS and WPS. The IDS segment 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.

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Institutional Ownership by Quarter for Brady (NYSE:BRC)

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