Brady Co. (NYSE:BRC) Shares Acquired by Wellington Management Group LLP

Wellington Management Group LLP grew its holdings in Brady Co. (NYSE:BRC - Free Report) by 4.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 674,593 shares of the industrial products company's stock after acquiring an additional 26,769 shares during the period. Wellington Management Group LLP owned about 1.41% of Brady worth $49,819,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Vanguard Group Inc. boosted its holdings in shares of Brady by 0.6% in the 4th 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. Geode Capital Management LLC lifted its stake in shares of Brady by 7.4% in the 3rd 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 lifted its stake in shares of Brady by 2.9% in the 3rd 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 lifted its stake in shares of Brady by 9.2% in the 4th quarter. Royce & Associates LP now owns 606,716 shares of the industrial products company's stock valued at $44,806,000 after purchasing an additional 50,924 shares during the period. Finally, Allspring Global Investments Holdings LLC lifted its stake in shares of Brady by 0.4% in the 4th 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 hedge funds and other institutional investors.

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Brady Stock Performance

Shares of BRC traded down $1.39 during trading hours on Thursday, hitting $66.61. The stock had a trading volume of 15,993 shares, compared to its average volume of 249,499. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.25 and a current ratio of 1.84. The firm has a 50-day moving average price of $71.28 and a 200 day moving average price of $73.27. 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 capitalization of $3.18 billion, a price-to-earnings ratio of 16.38 and a beta of 0.75.

Brady (NYSE:BRC - Get Free Report) last posted its quarterly earnings data 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). The company had revenue of $356.68 million for 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 quarter in the prior year, the company posted $0.93 earnings per share. As a group, research analysts anticipate that Brady Co. will post 4.55 EPS for the current year.

Brady Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 9th will be given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date of this dividend is Wednesday, April 9th. Brady's dividend payout ratio 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.