Intech Investment Management LLC Boosts Stake in Brady Co. (NYSE:BRC)

Intech Investment Management LLC lifted its stake in Brady Co. (NYSE:BRC) by 358.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,134 shares of the industrial products company’s stock after purchasing an additional 12,615 shares during the period. Intech Investment Management LLC’s holdings in Brady were worth $1,191,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of BRC. FMR LLC increased its stake in shares of Brady by 39.5% in the 3rd quarter. FMR LLC now owns 2,658,925 shares of the industrial products company’s stock worth $203,753,000 after purchasing an additional 753,092 shares in the last quarter. BNP Paribas Financial Markets increased its stake in Brady by 1,121.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 159,668 shares of the industrial products company’s stock worth $12,235,000 after buying an additional 146,601 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Brady by 15.3% in 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 in the last quarter. Seizert Capital Partners LLC increased its stake in Brady by 93.9% in the 4th quarter. Seizert Capital Partners LLC now owns 123,196 shares of the industrial products company’s stock worth $9,098,000 after buying an additional 59,666 shares in the last quarter. Finally, Royce & Associates LP increased its stake in Brady by 9.2% in the 4th quarter. Royce & Associates LP now owns 606,716 shares of the industrial products company’s stock worth $44,806,000 after buying an additional 50,924 shares in the last quarter. 76.28% of the stock is currently owned by hedge funds and other institutional investors.

Brady Trading Down 1.2 %

Shares of BRC stock opened at $70.51 on Friday. Brady Co. has a 52-week low of $57.89 and a 52-week high of $77.68. 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 market capitalization of $3.37 billion, a PE ratio of 17.32 and a beta of 0.72. The stock has a fifty day simple moving average of $72.83 and a two-hundred day simple moving average of $73.74.

Brady (NYSE:BRC) 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). Brady had a return on equity of 19.79% and a net margin of 14.19%. The business had revenue of $356.68 million during the quarter, compared to analysts’ expectations of $359.21 million. During the same quarter in the previous year, the company posted $0.93 EPS. On average, analysts predict that Brady Co. will post 4.55 EPS for the current fiscal 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 issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 1.36%. The ex-dividend date of this dividend is Wednesday, April 9th. 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.