Raymond James Financial Inc. Makes New $1.87 Million Investment in Brady Co. (NYSE:BRC)

Raymond James Financial Inc. bought a new position in shares of Brady Co. (NYSE:BRC - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 25,259 shares of the industrial products company's stock, valued at approximately $1,865,000. Raymond James Financial Inc. owned about 0.05% of Brady as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the business. Seizert Capital Partners LLC raised 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 acquiring an additional 59,666 shares in the last quarter. Atria Investments Inc increased its position in shares of Brady by 3.2% in the 4th quarter. Atria Investments Inc now owns 4,984 shares of the industrial products company's stock worth $368,000 after purchasing an additional 153 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Brady by 15.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 450,148 shares of the industrial products company's stock valued at $33,243,000 after purchasing an additional 59,752 shares in the last quarter. Kohmann Bosshard Financial Services LLC bought a new position in shares of Brady during the fourth quarter worth about $96,000. Finally, Smartleaf Asset Management LLC grew its stake in Brady by 213.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 461 shares of the industrial products company's stock worth $34,000 after purchasing an additional 314 shares in the last quarter. Institutional investors and hedge funds own 76.28% of the company's stock.

Brady Stock Performance

BRC stock traded down $2.92 during trading on Friday, hitting $66.64. 265,932 shares of the company's stock traded hands, compared to its average volume of 251,085. The stock has a market capitalization of $3.18 billion, a price-to-earnings ratio of 16.37 and a beta of 0.75. Brady Co. has a 52 week low of $57.89 and a 52 week high of $77.68. The stock has a fifty day moving average price of $72.22 and a two-hundred day moving average price of $73.57. The company has a quick ratio of 1.25, a current ratio of 1.84 and a debt-to-equity ratio of 0.11.

Brady (NYSE:BRC - Get Free Report) last announced 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). Brady had a net margin of 14.19% and a return on equity of 19.79%. The business had revenue of $356.68 million for the quarter, compared to the consensus estimate of $359.21 million. During the same period in the prior year, the company earned $0.93 EPS. As a group, equities analysts anticipate that Brady Co. will post 4.55 EPS for the current fiscal year.

Brady Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 9th will be given a $0.24 dividend. The ex-dividend date is Wednesday, April 9th. This represents a $0.96 annualized dividend and a yield of 1.44%. Brady's dividend payout ratio is presently 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.