Renaissance Technologies LLC Grows Holdings in Brady Co. (NYSE:BRC)

Renaissance Technologies LLC raised its stake in Brady Co. (NYSE:BRC - Free Report) by 2.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,152,340 shares of the industrial products company's stock after purchasing an additional 22,400 shares during the quarter. Renaissance Technologies LLC owned about 2.41% of Brady worth $85,100,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in BRC. Vanguard Group Inc. boosted its holdings in Brady by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 5,215,225 shares of the industrial products company's stock valued at $385,144,000 after acquiring an additional 31,096 shares during the last quarter. FMR LLC lifted its stake in shares of Brady by 40.4% in the 4th quarter. FMR LLC now owns 3,733,810 shares of the industrial products company's stock valued at $275,742,000 after purchasing an additional 1,074,885 shares in the last quarter. Invesco Ltd. grew its holdings in shares of Brady by 9.7% during the 4th quarter. Invesco Ltd. now owns 686,923 shares of the industrial products company's stock worth $50,729,000 after purchasing an additional 60,737 shares during the period. Wellington Management Group LLP increased its position in Brady by 4.1% during the 4th quarter. Wellington Management Group LLP now owns 674,593 shares of the industrial products company's stock worth $49,819,000 after purchasing an additional 26,769 shares in the last quarter. Finally, Geode Capital Management LLC raised 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 buying an additional 45,206 shares during the period. 76.28% of the stock is currently owned by institutional investors and hedge funds.

Remove Ads

Brady Trading Up 0.2 %

BRC traded up $0.11 during trading on Monday, hitting $67.85. 60,059 shares of the company's stock were exchanged, compared to its average volume of 269,752. Brady Co. has a 1 year low of $57.89 and a 1 year high of $77.68. The stock has a 50 day moving average price of $70.99 and a 200 day moving average price of $73.13. The firm has a market cap of $3.24 billion, a P/E ratio of 16.67 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 (NYSE:BRC - Get Free Report) last announced its quarterly earnings results on Friday, February 21st. The industrial products company reported $1.00 earnings per share 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 business had revenue of $356.68 million for the quarter, compared to analysts' expectations of $359.21 million. During the same period last year, the company posted $0.93 earnings per share. As a group, analysts expect that Brady Co. will post 4.55 EPS for the current fiscal year.

Brady Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 9th will be issued a dividend of $0.24 per share. The ex-dividend date is Wednesday, April 9th. This represents a $0.96 annualized dividend and a dividend yield of 1.41%. Brady's payout ratio is currently 24.00%.

About Brady

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.