Brady Co. (NYSE:BRC) Shares Bought by Heartland Advisors Inc.

Heartland Advisors Inc. grew its stake in shares of Brady Co. (NYSE:BRC - Free Report) by 6.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 119,227 shares of the industrial products company's stock after purchasing an additional 7,252 shares during the period. Heartland Advisors Inc. owned approximately 0.25% of Brady worth $8,805,000 at the end of the most recent reporting period.

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

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Brady Price Performance

BRC traded up $0.30 during trading on Monday, reaching $70.67. 199,922 shares of the stock were exchanged, compared to its average volume of 275,626. 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 company has a market capitalization of $3.38 billion, a price-to-earnings ratio of 17.36 and a beta of 0.72. Brady Co. has a 1 year low of $57.89 and a 1 year high of $77.68. The business's 50 day moving average price is $72.67 and its two-hundred day moving average price is $73.70.

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 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 period in the previous year, the company posted $0.93 earnings per share. As a group, equities research analysts anticipate that Brady Co. will post 4.55 earnings per share for the current year.

Brady Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 9th will be paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date of this dividend is Wednesday, April 9th. Brady's payout ratio is currently 24.00%.

About Brady

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.