Brady Corporation (NYSE:BRC) Shares Acquired by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. lifted its holdings in Brady Corporation (NYSE:BRC - Free Report) by 2.8% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 182,361 shares of the industrial products company's stock after purchasing an additional 5,037 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.38% of Brady worth $12,882,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of BRC. Vanguard Group Inc. raised its stake in Brady by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 5,215,225 shares of the industrial products company's stock worth $385,144,000 after buying an additional 31,096 shares in the last quarter. FMR LLC increased its holdings in shares of Brady by 40.4% in the 4th quarter. FMR LLC now owns 3,733,810 shares of the industrial products company's stock valued at $275,742,000 after acquiring an additional 1,074,885 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Brady by 0.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,443,594 shares of the industrial products company's stock worth $106,608,000 after acquiring an additional 7,258 shares in the last quarter. Renaissance Technologies LLC lifted its stake in shares of Brady by 2.0% during the 4th quarter. Renaissance Technologies LLC now owns 1,152,340 shares of the industrial products company's stock worth $85,100,000 after purchasing an additional 22,400 shares during the last quarter. Finally, Invesco Ltd. lifted its stake 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 worth $50,729,000 after purchasing an additional 60,737 shares during the last quarter. Hedge funds and other institutional investors own 76.28% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. Sidoti upgraded Brady to a "strong-buy" rating in a research note on Monday, May 19th. Wall Street Zen upgraded shares of Brady from a "hold" rating to a "buy" rating in a report on Saturday, June 14th.

Brady Stock Up 2.3%

BRC traded up $1.59 during trading on Tuesday, hitting $69.56. The stock had a trading volume of 52,055 shares, compared to its average volume of 245,319. The stock has a 50 day simple moving average of $70.08 and a two-hundred day simple moving average of $71.35. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.26 and a current ratio of 1.87. Brady Corporation has a twelve month low of $62.70 and a twelve month high of $77.68. The company has a market capitalization of $3.29 billion, a PE ratio of 17.21 and a beta of 0.81.

Brady (NYSE:BRC - Get Free Report) last issued its quarterly earnings data on Friday, May 16th. The industrial products company reported $1.22 EPS for the quarter, meeting the consensus estimate of $1.22. Brady had a return on equity of 19.57% and a net margin of 13.35%. The firm had revenue of $382.59 million during the quarter, compared to analyst estimates of $386.61 million. During the same quarter in the prior year, the business posted $1.09 EPS. The business's revenue for the quarter was up 11.4% compared to the same quarter last year. On average, research analysts predict that Brady Corporation will post 4.55 earnings per share for the current year.

Brady Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Thursday, July 10th will be paid a dividend of $0.24 per share. The ex-dividend date is Thursday, July 10th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.38%. Brady's payout ratio is 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.