8,042 Shares in Brady Co. (NYSE:BRC) Bought by Resona Asset Management Co. Ltd.

Resona Asset Management Co. Ltd. acquired a new stake in Brady Co. (NYSE:BRC - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 8,042 shares of the industrial products company's stock, valued at approximately $594,000.

Several other large investors also recently modified their holdings of BRC. Nordea Investment Management AB lifted its stake in shares of Brady by 18.5% in the 4th quarter. Nordea Investment Management AB now owns 94,174 shares of the industrial products company's stock valued at $6,945,000 after purchasing an additional 14,702 shares during the period. Robeco Institutional Asset Management B.V. lifted its stake in Brady by 18.2% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 177,324 shares of the industrial products company's stock valued at $13,095,000 after buying an additional 27,293 shares during the period. KBC Group NV boosted its holdings in shares of Brady by 84.2% during the 4th quarter. KBC Group NV now owns 1,789 shares of the industrial products company's stock worth $132,000 after buying an additional 818 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Brady by 15.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 450,148 shares of the industrial products company's stock worth $33,243,000 after buying an additional 59,752 shares during the period. Finally, Prentiss Smith & Co. Inc. lifted its position in shares of Brady by 50.2% during the 4th quarter. Prentiss Smith & Co. Inc. now owns 54,509 shares of the industrial products company's stock valued at $4,025,000 after acquiring an additional 18,228 shares during the period. 76.28% of the stock is currently owned by institutional investors and hedge funds.

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Brady Stock Down 1.1 %

NYSE:BRC traded down $0.73 during trading hours on Tuesday, reaching $67.61. The company had a trading volume of 74,824 shares, compared to its average volume of 248,565. Brady Co. has a twelve month low of $57.89 and a twelve month high of $77.68. The company has a quick ratio of 1.25, a current ratio of 1.84 and a debt-to-equity ratio of 0.11. The firm has a market cap of $3.23 billion, a price-to-earnings ratio of 16.61 and a beta of 0.75. The business's 50-day simple moving average is $70.86 and its two-hundred day simple moving average is $73.08.

Brady (NYSE:BRC - Get Free Report) last issued its earnings results 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 net margin of 14.19% and a return on equity of 19.79%. 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 previous year, the firm earned $0.93 earnings per share. On average, equities analysts expect that Brady Co. will post 4.55 earnings per share for the current year.

Brady Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 9th will be paid a dividend of $0.24 per share. The ex-dividend date of this dividend is Wednesday, April 9th. This represents a $0.96 dividend on an annualized basis and a yield of 1.42%. Brady's dividend payout ratio (DPR) is presently 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.