Boston Partners raised its holdings in Brady Co. (NYSE:BRC - Free Report) by 5.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 386,407 shares of the industrial products company's stock after buying an additional 18,766 shares during the period. Boston Partners owned 0.81% of Brady worth $28,564,000 at the end of the most recent reporting period.
A number of other large investors also recently modified their holdings of the business. Smartleaf Asset Management LLC increased its position in shares of Brady by 213.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 461 shares of the industrial products company's stock valued at $34,000 after acquiring an additional 314 shares during the last quarter. Principal Securities Inc. increased its position in shares of Brady by 378.1% during the 4th 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 last quarter. Point72 DIFC Ltd increased its position in shares of Brady by 161.4% during the 3rd 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 last quarter. Parkside Financial Bank & Trust raised its stake in shares of Brady by 19.1% during the 4th 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 in the last quarter. Finally, Kohmann Bosshard Financial Services LLC bought a new position in shares of Brady in the fourth quarter valued at $96,000. 76.28% of the stock is currently owned by institutional investors and hedge funds.
Brady Stock Performance
NYSE BRC traded up $1.44 on Monday, hitting $71.98. 264,576 shares of the stock were exchanged, compared to its average volume of 235,024. The company has a market capitalization of $3.44 billion, a PE ratio of 17.69 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. The business's fifty day moving average is $72.83 and its 200 day moving average is $73.75. Brady Co. has a 52 week low of $57.89 and a 52 week high of $77.68.
Brady (NYSE:BRC - Get Free Report) last issued its earnings results on Friday, February 21st. The industrial products company reported $1.00 earnings per share (EPS) 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 analyst estimates of $359.21 million. Brady had a net margin of 14.19% and a return on equity of 19.79%. During the same quarter last year, the business posted $0.93 earnings per share. Research analysts anticipate that Brady Co. will post 4.55 EPS for the current fiscal year.
Brady Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 9th will be issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date of this dividend is Wednesday, April 9th. Brady's payout ratio is presently 24.00%.
Brady Profile
(
Free Report)
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.
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