Brady Co. (NYSE:BRC) Shares Acquired by Royce & Associates LP

Royce & Associates LP lifted its holdings in shares of Brady Co. (NYSE:BRC) by 9.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 606,716 shares of the industrial products company’s stock after buying an additional 50,924 shares during the period. Royce & Associates LP’s holdings in Brady were worth $44,806,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in BRC. Smartleaf Asset Management LLC boosted its position in shares of Brady by 213.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 461 shares of the industrial products company’s stock worth $34,000 after buying an additional 314 shares during the period. Principal Securities Inc. lifted its position in Brady by 378.1% in the fourth quarter. Principal Securities Inc. now owns 655 shares of the industrial products company’s stock worth $48,000 after purchasing an additional 518 shares during the period. Point72 DIFC Ltd lifted its position in Brady by 161.4% in the third quarter. Point72 DIFC Ltd now owns 651 shares of the industrial products company’s stock worth $50,000 after purchasing an additional 402 shares during the period. Parkside Financial Bank & Trust lifted its position in Brady by 19.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 893 shares of the industrial products company’s stock worth $66,000 after purchasing an additional 143 shares during the period. Finally, Kohmann Bosshard Financial Services LLC acquired a new stake in Brady in the fourth quarter worth approximately $96,000. 76.28% of the stock is currently owned by institutional investors and hedge funds.

Brady Stock Performance

BRC opened at $70.79 on Friday. The company has a market capitalization of $3.38 billion, a price-to-earnings ratio of 17.39 and a beta of 0.72. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.84 and a quick ratio of 1.25. Brady Co. has a 1-year low of $56.81 and a 1-year high of $77.68. The business has a 50 day moving average price of $72.97 and a two-hundred day moving average price of $73.82.

Brady (NYSE:BRC) last released its earnings results 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 firm had revenue of $356.68 million during the quarter, compared to analyst estimates of $359.21 million. Brady had a return on equity of 19.79% and a net margin of 14.19%. During the same quarter last year, the company earned $0.93 earnings per share. Research analysts predict that Brady Co. will post 4.55 EPS for the current fiscal year.

Brady Announces Dividend

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