UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $8.73 Million Stock Position in Brady Co. (NYSE:BRC)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Brady Co. (NYSE:BRC - Free Report) by 15.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 118,237 shares of the industrial products company's stock after purchasing an additional 15,795 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.25% of Brady worth $8,732,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the stock. Sapience Investments LLC bought a new stake in Brady in the 4th quarter valued at $2,519,000. NDVR Inc. boosted its holdings in Brady by 7.6% in the 4th quarter. NDVR Inc. now owns 3,883 shares of the industrial products company's stock valued at $287,000 after purchasing an additional 274 shares during the period. Clark Capital Management Group Inc. bought a new stake in Brady in the 4th quarter valued at $7,713,000. Deutsche Bank AG boosted its holdings in Brady by 22.3% in the 4th quarter. Deutsche Bank AG now owns 3,270 shares of the industrial products company's stock valued at $241,000 after purchasing an additional 597 shares during the period. Finally, Cresset Asset Management LLC boosted its holdings in Brady by 2.3% in the 4th quarter. Cresset Asset Management LLC now owns 30,279 shares of the industrial products company's stock valued at $2,236,000 after purchasing an additional 688 shares during the period. 76.28% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Sidoti upgraded shares of Brady to a "strong-buy" rating in a research note on Monday, May 19th.

Brady Price Performance

Shares of BRC stock traded up $0.24 during mid-day trading on Wednesday, reaching $70.65. The company's stock had a trading volume of 167,593 shares, compared to its average volume of 242,373. Brady Co. has a 1-year low of $62.70 and a 1-year high of $77.68. The company has a market cap of $3.34 billion, a P/E ratio of 17.36 and a beta of 0.86. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.25 and a current ratio of 1.84. The firm's 50-day moving average is $69.82 and its two-hundred day moving average is $72.12.

Brady (NYSE:BRC - Get Free Report) last announced its quarterly earnings data on Friday, May 16th. The industrial products company reported $1.22 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $1.22. Brady had a net margin of 14.19% and a return on equity of 19.79%. The company had revenue of $382.59 million during the quarter, compared to analysts' expectations of $386.61 million. During the same quarter in the prior year, the company posted $1.09 EPS. The business's revenue was up 11.4% on a year-over-year basis. On average, research analysts predict that Brady Co. will post 4.55 earnings per share for the current year.

Brady Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Thursday, July 10th will be given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date is Thursday, July 10th. Brady's dividend payout ratio (DPR) is currently 23.76%.

Brady 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.