IQ EQ FUND MANAGEMENT IRELAND Ltd Invests $279,000 in Brady Co. (NYSE:BRC)

IQ EQ FUND MANAGEMENT IRELAND Ltd bought a new stake in Brady Co. (NYSE:BRC - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 3,780 shares of the industrial products company's stock, valued at approximately $279,000.

A number of other institutional investors have also bought and sold shares of BRC. Advisors Asset Management Inc. grew its position in shares of Brady by 173.9% during the 3rd quarter. Advisors Asset Management Inc. now owns 2,342 shares of the industrial products company's stock worth $179,000 after buying an additional 1,487 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in Brady by 16.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 390,396 shares of the industrial products company's stock worth $29,916,000 after purchasing an additional 54,264 shares during the period. FMR LLC increased its stake in Brady by 39.5% in the third quarter. FMR LLC now owns 2,658,925 shares of the industrial products company's stock valued at $203,753,000 after purchasing an additional 753,092 shares in the last quarter. BNP Paribas Financial Markets raised its holdings in shares of Brady by 1,121.9% during the third quarter. BNP Paribas Financial Markets now owns 159,668 shares of the industrial products company's stock valued at $12,235,000 after purchasing an additional 146,601 shares during the period. Finally, Glenmede Trust Co. NA boosted its position in shares of Brady by 5.6% during the 3rd quarter. Glenmede Trust Co. NA now owns 3,755 shares of the industrial products company's stock worth $288,000 after purchasing an additional 198 shares in the last quarter. Institutional investors own 76.28% of the company's stock.

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Brady Stock Up 0.4 %

Brady stock traded up $0.30 during midday trading on Monday, reaching $70.67. The stock had a trading volume of 205,437 shares, compared to its average volume of 254,432. The company has a fifty day moving average price of $72.67 and a two-hundred day moving average price of $73.70. Brady Co. has a 12 month low of $57.89 and a 12 month high of $77.68. The company has a current ratio of 1.84, a quick ratio of 1.25 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $3.38 billion, a P/E ratio of 17.36 and a beta of 0.72.

Brady (NYSE:BRC - Get Free Report) last released its quarterly earnings data on Friday, February 21st. The industrial products company reported $1.00 EPS for the quarter, missing the consensus estimate 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 quarter in the prior year, the firm earned $0.93 EPS. As a group, equities analysts expect that Brady Co. will post 4.55 EPS for the current fiscal year.

Brady Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders 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 1.36%. The ex-dividend date of this dividend is Wednesday, April 9th. Brady's dividend payout ratio (DPR) 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.