KLP Kapitalforvaltning AS Makes New $1.67 Million Investment in Brady Co. (NYSE:BRC)

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

Other large investors have also recently made changes to their positions in the company. Smartleaf Asset Management LLC boosted its stake in Brady by 213.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 461 shares of the industrial products company's stock valued at $34,000 after acquiring an additional 314 shares in the last quarter. Principal Securities Inc. lifted its holdings 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 valued at $48,000 after purchasing an additional 518 shares during the last quarter. Point72 DIFC Ltd boosted its position in shares of Brady by 161.4% in the 3rd quarter. Point72 DIFC Ltd now owns 651 shares of the industrial products company's stock worth $50,000 after purchasing an additional 402 shares in the last quarter. Parkside Financial Bank & Trust grew its stake in Brady by 19.1% during the 4th 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 acquired a new position in Brady during the 4th quarter valued at about $96,000. 76.28% of the stock is owned by institutional investors.

Brady Stock Up 1.7 %

Brady stock traded up $1.18 during midday trading on Wednesday, reaching $72.44. The company's stock had a trading volume of 233,542 shares, compared to its average volume of 252,802. 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 stock has a market capitalization of $3.46 billion, a P/E ratio of 17.80 and a beta of 0.72. The stock's 50-day simple moving average is $72.50 and its 200-day simple moving average is $73.66. Brady Co. has a 52-week low of $57.89 and a 52-week high of $77.68.

Brady (NYSE:BRC - Get Free Report) last announced 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). The company had revenue of $356.68 million during the quarter, compared to analysts' expectations 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 business earned $0.93 earnings per share. On average, sell-side analysts expect that Brady Co. will post 4.55 EPS for the current year.

Brady Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 9th will be given a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 1.33%. The ex-dividend date is Wednesday, April 9th. Brady's payout ratio is 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.