Brady Co. (NYSE:BRC) Shares Bought by Invesco Ltd.

Invesco Ltd. increased its holdings in Brady Co. (NYSE:BRC - Free Report) by 9.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 686,923 shares of the industrial products company's stock after purchasing an additional 60,737 shares during the period. Invesco Ltd. owned 1.44% of Brady worth $50,729,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Bank of Montreal Can increased its position in Brady by 11.2% during the fourth quarter. Bank of Montreal Can now owns 5,670 shares of the industrial products company's stock worth $419,000 after purchasing an additional 572 shares during the last quarter. FMR LLC increased its holdings in shares of Brady by 40.4% during the 4th quarter. FMR LLC now owns 3,733,810 shares of the industrial products company's stock worth $275,742,000 after buying an additional 1,074,885 shares during the last quarter. Aristides Capital LLC increased its holdings in shares of Brady by 39.5% during the 4th quarter. Aristides Capital LLC now owns 4,353 shares of the industrial products company's stock worth $321,000 after buying an additional 1,233 shares during the last quarter. Envestnet Asset Management Inc. raised its position in shares of Brady by 109.1% in the 4th quarter. Envestnet Asset Management Inc. now owns 12,779 shares of the industrial products company's stock worth $944,000 after buying an additional 6,669 shares during the period. Finally, Resona Asset Management Co. Ltd. acquired a new position in Brady in the fourth quarter valued at $594,000. 76.28% of the stock is currently owned by institutional investors and hedge funds.

Brady Trading Down 0.8 %

NYSE:BRC traded down $0.56 on Monday, hitting $66.97. 14,890 shares of the stock were exchanged, compared to its average volume of 248,059. The stock has a fifty day moving average of $70.32 and a 200-day moving average of $72.87. The stock has a market cap of $3.20 billion, a PE ratio of 16.45 and a beta of 0.75. The company has a current ratio of 1.84, a quick ratio of 1.25 and a debt-to-equity ratio of 0.11. Brady Co. has a fifty-two week low of $58.32 and a fifty-two week 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 (EPS) for the quarter, missing analysts' consensus estimates of $1.03 by ($0.03). The business had revenue of $356.68 million for the quarter, compared to analyst estimates of $359.21 million. Brady had a return on equity of 19.79% and a net margin of 14.19%. During the same period last year, the company posted $0.93 EPS. As a group, equities analysts expect that Brady Co. will post 4.55 earnings per share for the current fiscal year.

Brady Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 9th will be issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date is Wednesday, April 9th. Brady's dividend payout ratio 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.