Wellington Management Group LLP Purchases 26,769 Shares of Brady Co. (NYSE:BRC)

Wellington Management Group LLP boosted its position in Brady Co. (NYSE:BRC - Free Report) by 4.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 674,593 shares of the industrial products company's stock after purchasing an additional 26,769 shares during the period. Wellington Management Group LLP owned about 1.41% of Brady worth $49,819,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. FMR LLC boosted its stake 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 during the last quarter. Neuberger Berman Group LLC lifted its stake in shares of Brady by 6,379.9% during the 4th quarter. Neuberger Berman Group LLC now owns 544,375 shares of the industrial products company's stock valued at $40,202,000 after buying an additional 535,974 shares in the last quarter. Champlain Investment Partners LLC purchased a new position in shares of Brady during the 4th quarter valued at $30,314,000. Clark Capital Management Group Inc. purchased a new stake in shares of Brady during the fourth quarter worth about $7,713,000. Finally, Balyasny Asset Management L.P. grew its position in shares of Brady by 183.0% during the fourth quarter. Balyasny Asset Management L.P. now owns 96,171 shares of the industrial products company's stock worth $7,102,000 after purchasing an additional 62,191 shares in the last quarter. 76.28% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Brady Price Performance

Brady stock traded down $0.31 during mid-day trading on Tuesday, reaching $69.16. 45,864 shares of the company's stock traded hands, compared to its average volume of 241,172. The company has a market cap of $3.27 billion, a price-to-earnings ratio of 16.99 and a beta of 0.86. The stock has a 50 day moving average of $69.84 and a two-hundred day moving average of $72.14. 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 Co. has a 12-month low of $62.70 and a 12-month high of $77.68.

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

Brady Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Thursday, July 10th will be issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date of this dividend is Thursday, July 10th. Brady's dividend payout ratio (DPR) is 23.76%.

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.