Principal Financial Group Inc. Boosts Stake in Brady Co. (NYSE:BRC)

Principal Financial Group Inc. raised its holdings in Brady Co. (NYSE:BRC - Free Report) by 3.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 211,174 shares of the industrial products company's stock after purchasing an additional 7,083 shares during the period. Principal Financial Group Inc. owned about 0.44% of Brady worth $15,595,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. FMR LLC grew its holdings 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 during the period. Geode Capital Management LLC grew its holdings in Brady by 7.4% in the third quarter. Geode Capital Management LLC now owns 658,093 shares of the industrial products company's stock valued at $50,445,000 after purchasing an additional 45,206 shares during the period. Lord Abbett & CO. LLC grew its holdings in Brady by 2.9% in the third quarter. Lord Abbett & CO. LLC now owns 618,841 shares of the industrial products company's stock valued at $47,422,000 after purchasing an additional 17,682 shares during the period. Royce & Associates LP grew its holdings in Brady by 27.1% in the third quarter. Royce & Associates LP now owns 555,792 shares of the industrial products company's stock valued at $42,590,000 after purchasing an additional 118,557 shares during the period. Finally, Allspring Global Investments Holdings LLC grew its holdings in Brady by 0.4% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 480,924 shares of the industrial products company's stock valued at $35,516,000 after purchasing an additional 1,867 shares during the period. 76.28% of the stock is owned by institutional investors and hedge funds.

Remove Ads

Brady Price Performance

BRC traded down $0.55 during trading on Friday, hitting $72.27. The company's stock had a trading volume of 483,215 shares, compared to its average volume of 248,880. 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 business's fifty day simple moving average is $73.81 and its 200 day simple moving average is $73.94. The firm has a market capitalization of $3.45 billion, a price-to-earnings ratio of 17.76 and a beta of 0.76. Brady Co. has a twelve month low of $56.71 and a twelve month high of $77.68.

Brady (NYSE:BRC - Get Free Report) last issued its quarterly 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 firm had revenue of $356.68 million during 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 in the prior year, the firm earned $0.93 earnings per share. On average, equities research analysts forecast that Brady Co. will post 4.55 EPS for the current fiscal year.

Brady Announces Dividend

The company also recently declared 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 1.33%. 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.