Brady Co. (NYSE:BRC) Stock Holdings Lifted by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. raised its position in Brady Co. (NYSE:BRC) by 18.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 177,324 shares of the industrial products company’s stock after purchasing an additional 27,293 shares during the quarter. Robeco Institutional Asset Management B.V. owned approximately 0.37% of Brady worth $13,095,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of BRC. FMR LLC boosted its stake in shares of Brady by 39.5% during the 3rd quarter. FMR LLC now owns 2,658,925 shares of the industrial products company’s stock worth $203,753,000 after acquiring an additional 753,092 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in shares of Brady by 143.1% during the 3rd quarter. Assenagon Asset Management S.A. now owns 266,981 shares of the industrial products company’s stock worth $20,459,000 after acquiring an additional 157,149 shares in the last quarter. BNP Paribas Financial Markets boosted its stake in shares of Brady by 1,121.9% during the 3rd quarter. BNP Paribas Financial Markets now owns 159,668 shares of the industrial products company’s stock worth $12,235,000 after acquiring an additional 146,601 shares in the last quarter. Royce & Associates LP boosted its stake in shares of Brady by 27.1% during the 3rd quarter. Royce & Associates LP now owns 555,792 shares of the industrial products company’s stock worth $42,590,000 after acquiring an additional 118,557 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its stake in shares of Brady by 20.8% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 479,057 shares of the industrial products company’s stock worth $36,710,000 after acquiring an additional 82,438 shares in the last quarter. Hedge funds and other institutional investors own 76.28% of the company’s stock.

Brady Price Performance

Shares of NYSE:BRC opened at $74.51 on Friday. The business has a 50 day moving average price of $74.54 and a 200 day moving average price of $73.50. Brady Co. has a twelve month low of $56.09 and a twelve month high of $77.68. The company has a market cap of $3.56 billion, a price-to-earnings ratio of 18.31 and a beta of 0.77. The company has a quick ratio of 1.25, a current ratio of 1.84 and a debt-to-equity ratio of 0.11.

Brady (NYSE:BRC) last announced its earnings results on Monday, November 18th. The industrial products company reported $1.12 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.02. Brady had a return on equity of 19.79% and a net margin of 14.19%. The firm had revenue of $377.10 million during the quarter, compared to the consensus estimate of $365.88 million. During the same quarter in the prior year, the company earned $1.00 EPS. The firm’s revenue for the quarter was up 13.6% compared to the same quarter last year. Research analysts predict that Brady Co. will post 4.55 earnings per share for the current year.

Brady Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Friday, January 10th were issued a $0.24 dividend. The ex-dividend date was Friday, January 10th. This represents a $0.96 annualized dividend and a yield of 1.29%. Brady’s dividend payout ratio (DPR) is 23.59%.

Analyst Ratings Changes

Separately, StockNews.com downgraded Brady from a “strong-buy” rating to a “buy” rating in a research note on Friday, October 11th.

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.