Skandinaviska Enskilda Banken AB publ Increases Stock Position in Brady Co. (NYSE:BRC)

Skandinaviska Enskilda Banken AB publ boosted its stake in Brady Co. (NYSE:BRC) by 44.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 28,300 shares of the industrial products company’s stock after purchasing an additional 8,700 shares during the quarter. Skandinaviska Enskilda Banken AB publ owned about 0.06% of Brady worth $2,072,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of BRC. FMR LLC lifted its stake in 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 raised its position 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 valued at $12,235,000 after buying an additional 146,601 shares in the last quarter. Charles Schwab Investment Management Inc. raised 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 valued at $33,243,000 after buying an additional 59,752 shares in the last quarter. Seizert Capital Partners LLC raised its position in shares of Brady by 93.9% during the 4th quarter. Seizert Capital Partners LLC now owns 123,196 shares of the industrial products company’s stock valued at $9,098,000 after buying an additional 59,666 shares in the last quarter. Finally, Thrivent Financial for Lutherans raised its position in shares of Brady by 38.6% during the 3rd quarter. Thrivent Financial for Lutherans now owns 183,041 shares of the industrial products company’s stock valued at $14,026,000 after buying an additional 51,022 shares in the last quarter. Hedge funds and other institutional investors own 76.28% of the company’s stock.

Brady Stock Up 2.8 %

Shares of NYSE BRC opened at $70.79 on Monday. The firm’s 50-day moving average price is $72.97 and its 200-day moving average price is $73.82. The company has a current ratio of 1.84, a quick ratio of 1.25 and a debt-to-equity ratio of 0.11. The stock has a market capitalization of $3.38 billion, a price-to-earnings ratio of 17.39 and a beta of 0.72. Brady Co. has a 12-month low of $56.81 and a 12-month high of $77.68.

Brady (NYSE:BRC) last announced its earnings results on Friday, February 21st. The industrial products company reported $1.00 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.03 by ($0.03). The business had revenue of $356.68 million for the quarter, compared to analysts’ expectations of $359.21 million. Brady had a net margin of 14.19% and a return on equity of 19.79%. During the same quarter in the prior year, the company posted $0.93 earnings per share. On average, equities research analysts anticipate that Brady Co. will post 4.55 EPS for the current fiscal year.

Brady Dividend Announcement

The company also recently declared 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 yield of 1.36%. Brady’s payout ratio is 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.