Fox Run Management L.L.C. Grows Stake in Brady Co. (NYSE:BRC)

Fox Run Management L.L.C. grew its holdings in shares of Brady Co. (NYSE:BRC - Free Report) by 134.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,062 shares of the industrial products company's stock after buying an additional 4,052 shares during the quarter. Fox Run Management L.L.C.'s holdings in Brady were worth $522,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in BRC. Smartleaf Asset Management LLC boosted its stake in Brady by 213.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 461 shares of the industrial products company's stock valued at $34,000 after purchasing an additional 314 shares during the last quarter. Principal Securities Inc. lifted its holdings in shares of Brady by 378.1% in the fourth quarter. Principal Securities Inc. now owns 655 shares of the industrial products company's stock valued at $48,000 after purchasing an additional 518 shares in the last quarter. Point72 DIFC Ltd boosted its position in shares of Brady by 161.4% during the third quarter. Point72 DIFC Ltd now owns 651 shares of the industrial products company's stock valued at $50,000 after buying an additional 402 shares during the last quarter. Parkside Financial Bank & Trust grew its holdings in Brady by 19.1% during the fourth quarter. Parkside Financial Bank & Trust now owns 893 shares of the industrial products company's stock worth $66,000 after buying an additional 143 shares in the last quarter. Finally, Kohmann Bosshard Financial Services LLC purchased a new stake in Brady in the 4th quarter valued at $96,000. 76.28% of the stock is owned by institutional investors.

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Brady Stock Down 1.7 %

NYSE:BRC traded down $1.19 during trading hours on Friday, hitting $70.40. 131,367 shares of the company traded hands, compared to its average volume of 254,628. Brady Co. has a one year low of $57.89 and a one year high of $77.68. The company has a quick ratio of 1.25, a current ratio of 1.84 and a debt-to-equity ratio of 0.11. The company has a market cap of $3.36 billion, a PE ratio of 17.30 and a beta of 0.72. The firm's 50-day simple moving average is $72.67 and its 200-day simple moving average is $73.70.

Brady (NYSE:BRC - Get Free Report) last released its quarterly earnings results 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 firm had revenue of $356.68 million for the quarter, compared to the consensus estimate of $359.21 million. During the same period in the previous year, the business earned $0.93 earnings per share. Equities analysts predict that Brady Co. will post 4.55 earnings per share for the current year.

Brady Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 9th will be given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date 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.