Royce & Associates LP Increases Position in Brady Co. (NYSE:BRC)

Royce & Associates LP lifted its holdings in shares of Brady Co. (NYSE:BRC) by 9.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 606,716 shares of the industrial products company’s stock after acquiring an additional 50,924 shares during the quarter. Royce & Associates LP owned 1.27% of Brady worth $44,806,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of BRC. FMR LLC increased its position in shares of Brady by 39.5% during the third quarter. FMR LLC now owns 2,658,925 shares of the industrial products company’s stock worth $203,753,000 after acquiring an additional 753,092 shares during the last quarter. BNP Paribas Financial Markets increased its holdings in Brady by 1,121.9% in the third quarter. BNP Paribas Financial Markets now owns 159,668 shares of the industrial products company’s stock valued at $12,235,000 after buying an additional 146,601 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Brady by 15.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 450,148 shares of the industrial products company’s stock valued at $33,243,000 after buying an additional 59,752 shares during the last quarter. Seizert Capital Partners LLC increased its holdings in Brady by 93.9% in the fourth quarter. Seizert Capital Partners LLC now owns 123,196 shares of the industrial products company’s stock valued at $9,098,000 after buying an additional 59,666 shares during the last quarter. Finally, Thrivent Financial for Lutherans increased its holdings in Brady by 38.6% in the third quarter. Thrivent Financial for Lutherans now owns 183,041 shares of the industrial products company’s stock valued at $14,026,000 after buying an additional 51,022 shares during the last quarter. 76.28% of the stock is owned by hedge funds and other institutional investors.

Brady Stock Up 2.8 %

Shares of Brady stock opened at $70.79 on Friday. 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 cap of $3.38 billion, a P/E ratio of 17.39 and a beta of 0.72. Brady Co. has a fifty-two week low of $56.81 and a fifty-two week high of $77.68. The business has a 50-day moving average price of $72.97 and a 200 day moving average price of $73.82.

Brady (NYSE:BRC) last announced its quarterly earnings data on Friday, February 21st. The industrial products company reported $1.00 earnings per share for the quarter, missing the consensus estimate of $1.03 by ($0.03). The firm had revenue of $356.68 million during the quarter, compared to the consensus estimate of $359.21 million. Brady had a net margin of 14.19% and a return on equity of 19.79%. During the same period in the prior year, the firm earned $0.93 earnings per share. On average, sell-side analysts forecast that Brady Co. will post 4.55 earnings per share for the current fiscal year.

Brady Dividend Announcement

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

Brady 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.