Fmr LLC Has $275.74 Million Stake in Brady Co. (NYSE:BRC)

FMR LLC raised its holdings in Brady Co. (NYSE:BRC - Free Report) by 40.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,733,810 shares of the industrial products company's stock after buying an additional 1,074,885 shares during the quarter. FMR LLC owned 7.82% of Brady worth $275,742,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the business. Aristides Capital LLC increased its holdings in Brady by 39.5% during the 4th quarter. Aristides Capital LLC now owns 4,353 shares of the industrial products company's stock valued at $321,000 after purchasing an additional 1,233 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in Brady by 109.1% during the 4th quarter. Envestnet Asset Management Inc. now owns 12,779 shares of the industrial products company's stock worth $944,000 after acquiring an additional 6,669 shares during the period. Resona Asset Management Co. Ltd. bought a new stake in shares of Brady during the 4th quarter valued at $594,000. Integrated Quantitative Investments LLC bought a new stake in shares of Brady in the 4th quarter valued at about $1,123,000. Finally, ExodusPoint Capital Management LP bought a new position in Brady during the 4th quarter worth approximately $4,372,000. 76.28% of the stock is owned by institutional investors.

Brady Trading Down 0.4 %

Shares of NYSE BRC traded down $0.29 during midday trading on Wednesday, reaching $67.05. 125,693 shares of the stock were exchanged, compared to its average volume of 248,777. Brady Co. has a 12 month low of $57.89 and a 12 month high of $77.68. The company has a market capitalization of $3.20 billion, a price-to-earnings ratio of 16.47 and a beta of 0.75. 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 has a 50-day simple moving average of $70.70 and a two-hundred day simple moving average of $73.04.

Remove Ads

Brady (NYSE:BRC - Get Free Report) last issued its quarterly earnings data on Friday, February 21st. The industrial products company reported $1.00 EPS for the quarter, missing analysts' consensus estimates of $1.03 by ($0.03). The company had revenue of $356.68 million for 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 in the previous year, the business earned $0.93 earnings per share. As a group, equities research analysts expect that Brady Co. will post 4.55 EPS for the current year.

Brady Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 9th will be paid a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.43%. The ex-dividend date of this dividend is Wednesday, April 9th. Brady's payout ratio is 24.00%.

Brady Company 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.