IQ EQ FUND MANAGEMENT IRELAND Ltd Purchases New Holdings in Brady Co. (NYSE:BRC)

IQ EQ FUND MANAGEMENT IRELAND Ltd acquired a new position in Brady Co. (NYSE:BRC) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 3,780 shares of the industrial products company’s stock, valued at approximately $279,000.

Several other large investors have also modified their holdings of BRC. FMR LLC increased its stake in Brady by 39.5% in the 3rd quarter. FMR LLC now owns 2,658,925 shares of the industrial products company’s stock worth $203,753,000 after buying an additional 753,092 shares during the period. BNP Paribas Financial Markets increased its position in shares of Brady by 1,121.9% during the third quarter. BNP Paribas Financial Markets now owns 159,668 shares of the industrial products company’s stock worth $12,235,000 after acquiring an additional 146,601 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of Brady by 15.3% during 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 acquiring an additional 59,752 shares in the last quarter. Seizert Capital Partners LLC grew its stake 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 worth $9,098,000 after purchasing an additional 59,666 shares in the last quarter. Finally, Royce & Associates LP increased its holdings in Brady by 9.2% during the 4th quarter. Royce & Associates LP now owns 606,716 shares of the industrial products company’s stock worth $44,806,000 after purchasing an additional 50,924 shares during the period. Hedge funds and other institutional investors own 76.28% of the company’s stock.

Brady Price Performance

Shares of BRC stock opened at $70.40 on Friday. Brady Co. has a twelve month low of $57.89 and a twelve month high of $77.68. The company has a current ratio of 1.84, a quick ratio of 1.25 and a debt-to-equity ratio of 0.11. The stock has a fifty day simple moving average of $72.67 and a two-hundred day simple moving average of $73.69. The stock has a market capitalization of $3.36 billion, a price-to-earnings ratio of 17.30 and a beta of 0.72.

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

Brady Dividend Announcement

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

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.