Boston Partners Has $28.56 Million Holdings in Brady Co. (NYSE:BRC)

Boston Partners raised its holdings in Brady Co. (NYSE:BRC) by 5.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 386,407 shares of the industrial products company’s stock after buying an additional 18,766 shares during the quarter. Boston Partners owned 0.81% of Brady worth $28,564,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. FMR LLC raised its position in shares of Brady by 39.5% during the third 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 during the period. BNP Paribas Financial Markets raised its position in shares of Brady by 1,121.9% during the third quarter. BNP Paribas Financial Markets now owns 159,668 shares of the industrial products company’s stock worth $12,235,000 after purchasing an additional 146,601 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of Brady by 15.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 450,148 shares of the industrial products company’s stock worth $33,243,000 after purchasing an additional 59,752 shares during the period. Seizert Capital Partners LLC raised its position in shares of Brady by 93.9% during the fourth quarter. Seizert Capital Partners LLC now owns 123,196 shares of the industrial products company’s stock worth $9,098,000 after purchasing an additional 59,666 shares during the period. Finally, Thrivent Financial for Lutherans raised its position in shares of Brady by 38.6% during the third quarter. Thrivent Financial for Lutherans now owns 183,041 shares of the industrial products company’s stock worth $14,026,000 after purchasing an additional 51,022 shares during the period. 76.28% of the stock is owned by institutional investors and hedge funds.

Brady Price Performance

Shares of NYSE:BRC opened at $72.01 on Thursday. The stock’s 50 day moving average is $72.89 and its 200-day moving average is $73.78. Brady Co. has a twelve month low of $56.94 and a twelve month high of $77.68. The firm has a market capitalization of $3.44 billion, a price-to-earnings ratio of 17.69 and a beta of 0.72. 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 quarterly 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). Brady had a return on equity of 19.79% and a net margin of 14.19%. The company had revenue of $356.68 million for the quarter, compared to the consensus estimate of $359.21 million. During the same quarter last year, the company posted $0.93 EPS. Sell-side analysts forecast that Brady Co. will post 4.55 EPS for the current fiscal year.

Brady Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 9th will be paid a $0.24 dividend. The ex-dividend date is Wednesday, April 9th. This represents a $0.96 dividend on an annualized basis and a yield of 1.33%. 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.