Transcend Capital Advisors LLC Purchases 1,805 Shares of Brady Co. (NYSE:BRC)

Transcend Capital Advisors LLC grew its position in shares of Brady Co. (NYSE:BRC) by 12.8% during the 4th quarter, Holdings Channel reports. The institutional investor owned 15,893 shares of the industrial products company’s stock after buying an additional 1,805 shares during the quarter. Transcend Capital Advisors LLC’s holdings in Brady were worth $1,174,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Andina Capital Management LLC increased its position in Brady by 3.2% during the fourth quarter. Andina Capital Management LLC now owns 5,718 shares of the industrial products company’s stock worth $422,000 after acquiring an additional 179 shares during the period. GAMMA Investing LLC increased its holdings in shares of Brady by 10.5% during the fourth quarter. GAMMA Investing LLC now owns 1,938 shares of the industrial products company’s stock worth $143,000 after purchasing an additional 184 shares during the period. Creative Planning increased its holdings in shares of Brady by 1.9% during the third quarter. Creative Planning now owns 10,472 shares of the industrial products company’s stock worth $802,000 after purchasing an additional 195 shares during the period. Stifel Financial Corp raised its position in shares of Brady by 0.4% in the third quarter. Stifel Financial Corp now owns 54,396 shares of the industrial products company’s stock valued at $4,168,000 after buying an additional 197 shares in the last quarter. Finally, Glenmede Trust Co. NA boosted its stake in shares of Brady by 5.6% in the third quarter. Glenmede Trust Co. NA now owns 3,755 shares of the industrial products company’s stock valued at $288,000 after buying an additional 198 shares during the period. Institutional investors and hedge funds own 76.28% of the company’s stock.

Brady Price Performance

Brady stock opened at $69.65 on Friday. The firm has a market cap of $3.33 billion, a PE ratio of 17.11 and a beta of 0.76. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.84 and a quick ratio of 1.25. The stock’s fifty day moving average price is $74.06 and its two-hundred day moving average price is $73.81. Brady Co. has a one year low of $56.09 and a one year high of $77.68.

Brady (NYSE:BRC) last issued its quarterly earnings results on Friday, February 21st. The industrial products company reported $1.00 EPS for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.03). Brady had a return on equity of 19.79% and a net margin of 14.19%. During the same period in the prior year, the firm posted $0.93 earnings per share. As a group, research analysts expect that Brady Co. will post 4.55 EPS for the current fiscal year.

Brady Dividend Announcement

The company 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. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date of this dividend was Friday, January 10th. 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.