Brady Co. (NYSE:BRC) Shares Purchased by Teacher Retirement System of Texas

Teacher Retirement System of Texas lifted its holdings in Brady Co. (NYSE:BRC - Free Report) by 9.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 148,941 shares of the industrial products company's stock after purchasing an additional 12,531 shares during the quarter. Teacher Retirement System of Texas owned about 0.31% of Brady worth $10,999,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. Atria Investments Inc boosted its stake in Brady by 59.3% in the 3rd quarter. Atria Investments Inc now owns 4,831 shares of the industrial products company's stock worth $370,000 after purchasing an additional 1,798 shares in the last quarter. Natixis Advisors LLC acquired a new stake in shares of Brady during the third quarter worth $792,000. Advisors Asset Management Inc. grew its holdings in shares of Brady by 173.9% during the third quarter. Advisors Asset Management Inc. now owns 2,342 shares of the industrial products company's stock valued at $179,000 after buying an additional 1,487 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Brady by 16.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 390,396 shares of the industrial products company's stock valued at $29,916,000 after acquiring an additional 54,264 shares during the period. Finally, FMR LLC raised its stake in Brady by 39.5% in the 3rd quarter. FMR LLC now owns 2,658,925 shares of the industrial products company's stock worth $203,753,000 after acquiring an additional 753,092 shares during the last quarter. Hedge funds and other institutional investors own 76.28% of the company's stock.

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Brady Stock Performance

Brady stock traded up $0.84 during trading hours on Wednesday, hitting $71.50. 249,644 shares of the stock traded hands, compared to its average volume of 235,871. The firm's 50 day moving average price is $72.80 and its 200-day moving average price is $73.74. 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 has a market capitalization of $3.42 billion, a price-to-earnings ratio of 17.57 and a beta of 0.72. Brady Co. has a 1 year low of $57.89 and a 1 year 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 EPS 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 firm had revenue of $356.68 million during the quarter, compared to analysts' expectations of $359.21 million. During the same quarter in the prior year, the company earned $0.93 EPS. As a group, equities analysts expect that Brady Co. will post 4.55 EPS for the current fiscal year.

Brady Announces Dividend

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. The ex-dividend date of this dividend is Wednesday, April 9th. This represents a $0.96 annualized dividend and a dividend yield of 1.34%. Brady's dividend payout ratio (DPR) 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.