Balyasny Asset Management L.P. Raises Stake in Brady Co. (NYSE:BRC)

Balyasny Asset Management L.P. boosted its stake in Brady Co. (NYSE:BRC - Free Report) by 183.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 96,171 shares of the industrial products company's stock after purchasing an additional 62,191 shares during the quarter. Balyasny Asset Management L.P. owned about 0.20% of Brady worth $7,102,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. FMR LLC raised its holdings in shares of Brady by 40.4% during the 4th quarter. FMR LLC now owns 3,733,810 shares of the industrial products company's stock worth $275,742,000 after acquiring an additional 1,074,885 shares in the last quarter. Neuberger Berman Group LLC raised its stake in Brady by 6,379.9% during the fourth quarter. Neuberger Berman Group LLC now owns 544,375 shares of the industrial products company's stock valued at $40,202,000 after purchasing an additional 535,974 shares in the last quarter. Champlain Investment Partners LLC purchased a new stake in Brady during the fourth quarter valued at $30,314,000. Invesco Ltd. raised its position in shares of Brady by 9.7% during the 4th quarter. Invesco Ltd. now owns 686,923 shares of the industrial products company's stock valued at $50,729,000 after buying an additional 60,737 shares in the last quarter. Finally, 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. Hedge funds and other institutional investors own 76.28% of the company's stock.

Brady Price Performance

Shares of NYSE BRC traded down $0.24 during mid-day trading on Tuesday, hitting $74.92. 167,289 shares of the company's stock traded hands, compared to its average volume of 246,215. Brady Co. has a 1 year low of $59.84 and a 1 year high of $77.68. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.84 and a quick ratio of 1.25. The company's 50-day moving average is $69.74 and its two-hundred day moving average is $72.44. The company has a market capitalization of $3.58 billion, a P/E ratio of 18.41 and a beta of 0.86.

Brady (NYSE:BRC - Get Free Report) last released its quarterly earnings results on Friday, February 21st. The industrial products company reported $1.00 earnings per share for the quarter, missing the consensus estimate of $1.03 by ($0.03). Brady had a net margin of 14.19% and a return on equity of 19.79%. The company had revenue of $356.68 million for 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, equities analysts anticipate that Brady Co. will post 4.55 EPS for the current fiscal year.

Brady Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 9th were given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date of this dividend was Wednesday, April 9th. Brady's payout ratio is currently 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.