Neuberger Berman Group LLC Purchases 535,974 Shares of Brady Co. (NYSE:BRC)

Neuberger Berman Group LLC lifted its stake in shares of Brady Co. (NYSE:BRC - Free Report) by 6,379.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 544,375 shares of the industrial products company's stock after purchasing an additional 535,974 shares during the period. Neuberger Berman Group LLC owned approximately 1.14% of Brady worth $40,202,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in BRC. Vanguard Group Inc. increased its position in Brady by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 5,215,225 shares of the industrial products company's stock worth $385,144,000 after buying an additional 31,096 shares during the last quarter. FMR LLC increased its position in shares of Brady by 40.4% during the fourth quarter. FMR LLC now owns 3,733,810 shares of the industrial products company's stock valued at $275,742,000 after purchasing an additional 1,074,885 shares during the period. Renaissance Technologies LLC increased its stake in Brady by 2.0% in the fourth quarter. Renaissance Technologies LLC now owns 1,152,340 shares of the industrial products company's stock valued at $85,100,000 after acquiring an additional 22,400 shares during the period. Invesco Ltd. raised its stake in Brady by 9.7% during the fourth quarter. Invesco Ltd. now owns 686,923 shares of the industrial products company's stock worth $50,729,000 after acquiring an additional 60,737 shares in the last quarter. Finally, Wellington Management Group LLP raised its stake in shares of Brady by 4.1% in the fourth quarter. Wellington Management Group LLP now owns 674,593 shares of the industrial products company's stock valued at $49,819,000 after acquiring an additional 26,769 shares during the last quarter. Institutional investors and hedge funds own 76.28% of the company's stock.

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Brady Price Performance

Shares of BRC stock traded down $1.09 during trading hours on Tuesday, reaching $67.25. 179,820 shares of the company were exchanged, compared to its average volume of 248,966. The company has a market cap of $3.21 billion, a price-to-earnings ratio of 16.52 and a beta of 0.75. Brady Co. has a fifty-two week low of $57.89 and a fifty-two week high of $77.68. 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 stock's fifty day moving average is $70.86 and its two-hundred day moving average is $73.08.

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 the consensus estimate of $1.03 by ($0.03). The business 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 in the prior year, the company earned $0.93 earnings per share. Sell-side analysts forecast that Brady Co. will post 4.55 earnings per share for the current fiscal year.

Brady Dividend Announcement

The firm 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 dividend yield of 1.43%. Brady's dividend payout ratio is presently 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.