Brady Co. (NYSE:BRC) Stock Holdings Lessened by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund trimmed its stake in Brady Co. (NYSE:BRC) by 1.7% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 25,561 shares of the industrial products company’s stock after selling 438 shares during the quarter. Illinois Municipal Retirement Fund owned 0.05% of Brady worth $1,515,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in BRC. Vanguard Group Inc. lifted its position in shares of Brady by 3.8% in the third quarter. Vanguard Group Inc. now owns 5,301,138 shares of the industrial products company’s stock worth $291,138,000 after purchasing an additional 195,475 shares in the last quarter. Diversified Trust Co lifted its position in shares of Brady by 3.0% in the fourth quarter. Diversified Trust Co now owns 12,705 shares of the industrial products company’s stock worth $746,000 after purchasing an additional 375 shares in the last quarter. BKM Wealth Management LLC purchased a new stake in shares of Brady in the fourth quarter worth approximately $293,000. Legato Capital Management LLC lifted its position in shares of Brady by 5.6% in the fourth quarter. Legato Capital Management LLC now owns 37,412 shares of the industrial products company’s stock worth $2,196,000 after purchasing an additional 1,979 shares in the last quarter. Finally, Pacer Advisors Inc. lifted its position in shares of Brady by 422,030.0% in the fourth quarter. Pacer Advisors Inc. now owns 856,924 shares of the industrial products company’s stock worth $50,293,000 after purchasing an additional 856,721 shares in the last quarter. 76.28% of the stock is owned by hedge funds and other institutional investors.

Brady Price Performance

NYSE BRC opened at $65.61 on Monday. The company has a 50 day simple moving average of $64.96 and a 200-day simple moving average of $61.44. Brady Co. has a 52-week low of $46.96 and a 52-week high of $68.80. The firm has a market capitalization of $3.12 billion, a price-to-earnings ratio of 16.74, a price-to-earnings-growth ratio of 2.06 and a beta of 0.77. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.06 and a quick ratio of 1.45.

Brady (NYSE:BRC) last released its quarterly earnings data on Wednesday, May 22nd. The industrial products company reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $1.02 by $0.07. Brady had a return on equity of 19.61% and a net margin of 14.22%. The firm had revenue of $343.40 million for the quarter, compared to the consensus estimate of $339.80 million. During the same quarter in the prior year, the company posted $0.95 earnings per share. The firm’s revenue was up 1.9% on a year-over-year basis. Equities research analysts predict that Brady Co. will post 4.13 earnings per share for the current fiscal year.

Brady Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Wednesday, July 10th will be issued a $0.235 dividend. The ex-dividend date is Wednesday, July 10th. This represents a $0.94 dividend on an annualized basis and a yield of 1.43%. Brady’s dividend payout ratio is currently 23.98%.

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.