KLP Kapitalforvaltning AS Makes New Investment in Brady Co. (NYSE:BRC)

KLP Kapitalforvaltning AS acquired a new position in Brady Co. (NYSE:BRC - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 22,600 shares of the industrial products company's stock, valued at approximately $1,669,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Smartleaf Asset Management LLC grew its stake in shares of Brady by 213.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 461 shares of the industrial products company's stock worth $34,000 after purchasing an additional 314 shares in the last quarter. Principal Securities Inc. grew its position in 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 raised 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 worth $50,000 after buying an additional 402 shares in the last quarter. Parkside Financial Bank & Trust lifted its stake 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 bought a new position in shares of Brady in the fourth quarter valued at approximately $96,000. 76.28% of the stock is owned by institutional investors and hedge funds.

Brady Price Performance

Shares of NYSE BRC traded up $0.30 during mid-day trading on Monday, reaching $70.67. 205,437 shares of the company traded hands, compared to its average volume of 254,432. Brady Co. has a fifty-two week low of $57.89 and a fifty-two week high of $77.68. The firm has a market cap of $3.38 billion, a PE ratio of 17.36 and a beta of 0.72. The stock has a fifty day simple moving average of $72.67 and a 200-day simple moving average of $73.70. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.84 and a quick ratio of 1.25.

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Brady (NYSE:BRC - Get Free Report) last posted 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). Brady had a return on equity of 19.79% and a net margin of 14.19%. The firm had revenue of $356.68 million during the quarter, compared to the consensus estimate of $359.21 million. During the same period in the prior year, the firm posted $0.93 EPS. Equities research analysts anticipate 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. Stockholders of record on Wednesday, April 9th will be paid a $0.24 dividend. The ex-dividend date of this dividend is Wednesday, April 9th. This represents a $0.96 annualized dividend and a dividend yield of 1.36%. Brady's dividend payout ratio is currently 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.