Integrated Quantitative Investments LLC bought a new stake in shares of Brady Co. (NYSE:BRC - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 15,200 shares of the industrial products company's stock, valued at approximately $1,123,000.
Several other institutional investors and hedge funds have also modified their holdings of BRC. Smartleaf Asset Management LLC boosted its position in Brady by 213.6% during the fourth 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. grew its stake in shares of Brady by 378.1% in the 4th quarter. Principal Securities Inc. now owns 655 shares of the industrial products company's stock valued at $48,000 after buying an additional 518 shares in the last quarter. Point72 DIFC Ltd increased its holdings in Brady by 161.4% in the third quarter. Point72 DIFC Ltd now owns 651 shares of the industrial products company's stock worth $50,000 after buying an additional 402 shares during the last quarter. Parkside Financial Bank & Trust increased its holdings in Brady by 19.1% in 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 during the last quarter. Finally, Kohmann Bosshard Financial Services LLC bought a new position in Brady during the fourth quarter valued at approximately $96,000. 76.28% of the stock is currently owned by hedge funds and other institutional investors.
Brady Stock Up 1.2 %
Shares of BRC traded up $0.75 during mid-day trading on Wednesday, hitting $64.91. 62,798 shares of the company's stock were exchanged, compared to its average volume of 250,227. The stock has a market cap of $3.10 billion, a price-to-earnings ratio of 15.84 and a beta of 0.75. The firm has a fifty day moving average of $71.55 and a two-hundred day moving average of $73.36. The company has a quick ratio of 1.25, a current ratio of 1.84 and a debt-to-equity ratio of 0.11. Brady Co. has a twelve month low of $57.89 and a twelve month high of $77.68.
Brady (NYSE:BRC - Get Free Report) last posted its earnings results 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 company had revenue of $356.68 million for the quarter, compared to the consensus estimate of $359.21 million. Brady had a net margin of 14.19% and a return on equity of 19.79%. During the same quarter last year, the business earned $0.93 earnings per share. On average, sell-side analysts forecast that Brady Co. will post 4.55 earnings per share for the current year.
Brady Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders 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 dividend yield of 1.48%. The ex-dividend date of this dividend is Wednesday, April 9th. Brady's payout ratio is 24.00%.
Brady Company Profile
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Free Report)
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.
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