Brady Co. (NYSE:BRC) Shares Acquired by Algert Global LLC

Algert Global LLC boosted its holdings in Brady Co. (NYSE:BRC - Free Report) by 5.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 172,690 shares of the industrial products company's stock after purchasing an additional 9,354 shares during the period. Algert Global LLC owned about 0.36% of Brady worth $12,753,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Nordea Investment Management AB raised its holdings in Brady by 18.5% in the fourth quarter. Nordea Investment Management AB now owns 94,174 shares of the industrial products company's stock valued at $6,945,000 after acquiring an additional 14,702 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its stake in shares of Brady by 18.2% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 177,324 shares of the industrial products company's stock valued at $13,095,000 after purchasing an additional 27,293 shares in the last quarter. KBC Group NV lifted its position in shares of Brady by 84.2% during the fourth quarter. KBC Group NV now owns 1,789 shares of the industrial products company's stock worth $132,000 after purchasing an additional 818 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in Brady by 15.3% in 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 in the last quarter. Finally, Prentiss Smith & Co. Inc. raised its stake in Brady by 50.2% during the fourth quarter. Prentiss Smith & Co. Inc. now owns 54,509 shares of the industrial products company's stock valued at $4,025,000 after buying an additional 18,228 shares in the last quarter. 76.28% of the stock is owned by institutional investors and hedge funds.

Brady Stock Performance

BRC stock traded down $0.19 during trading on Tuesday, hitting $71.43. 104,474 shares of the company's stock traded hands, compared to its average volume of 246,223. Brady Co. has a 52 week low of $59.84 and a 52 week high of $77.68. The stock has a fifty day moving average price of $69.51 and a two-hundred day moving average price of $72.44. The company has a quick ratio of 1.25, a current ratio of 1.84 and a debt-to-equity ratio of 0.11. The stock has a market capitalization of $3.41 billion, a price-to-earnings ratio of 17.55 and a beta of 0.86.

Brady (NYSE:BRC - Get Free Report) last issued its 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). The business had revenue of $356.68 million during the quarter, compared to the consensus estimate of $359.21 million. Brady had a return on equity of 19.79% and a net margin of 14.19%. During the same period in the prior year, the business earned $0.93 EPS. As a group, equities analysts anticipate that Brady Co. will post 4.55 EPS for the current fiscal year.

Brady Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 9th were paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date of this dividend was Wednesday, April 9th. Brady's payout ratio is 24.00%.

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.