Northern Trust Corp Acquires 29,051 Shares of Brady Co. (NYSE:BRC)

Northern Trust Corp increased its holdings in shares of Brady Co. (NYSE:BRC - Free Report) by 15.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 213,320 shares of the industrial products company's stock after purchasing an additional 29,051 shares during the quarter. Northern Trust Corp owned 0.45% of Brady worth $15,754,000 as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of BRC. Barclays PLC increased its stake in Brady by 535.4% during the 3rd quarter. Barclays PLC now owns 23,733 shares of the industrial products company's stock worth $1,818,000 after purchasing an additional 19,998 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of Brady during the 4th quarter worth approximately $236,000. Exchange Traded Concepts LLC grew its stake in shares of Brady by 4.3% during the 4th quarter. Exchange Traded Concepts LLC now owns 24,696 shares of the industrial products company's stock worth $1,824,000 after acquiring an additional 1,012 shares in the last quarter. Andina Capital Management LLC grew its stake in shares of Brady by 3.2% during the 4th quarter. Andina Capital Management LLC now owns 5,718 shares of the industrial products company's stock worth $422,000 after acquiring an additional 179 shares in the last quarter. Finally, Blue Trust Inc. grew its stake in shares of Brady by 64.1% during the 4th quarter. Blue Trust Inc. now owns 6,986 shares of the industrial products company's stock worth $535,000 after acquiring an additional 2,729 shares in the last quarter. 76.28% of the stock is owned by institutional investors.

Brady Stock Down 5.8%

Shares of BRC traded down $4.43 during mid-day trading on Friday, hitting $71.81. 361,397 shares of the company's stock were exchanged, compared to its average volume of 247,581. The company has a market cap of $3.43 billion, a PE ratio of 17.64 and a beta of 0.86. Brady Co. has a 52 week low of $59.84 and a 52 week high of $77.68. The company has a 50-day simple moving average of $70.03 and a 200 day simple moving average of $72.49. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.84 and a quick ratio of 1.25.

Brady (NYSE:BRC - Get Free Report) last released 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. The company had revenue of $382.59 million during the quarter, compared to the consensus estimate of $386.61 million. Brady had a return on equity of 19.79% and a net margin of 14.19%. The firm's revenue for the quarter was up 11.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.09 EPS. On average, research analysts forecast that Brady Co. will post 4.55 earnings per share for the current fiscal year.

Brady Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Thursday, July 10th will be given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 1.34%. The ex-dividend date of this dividend is Thursday, July 10th. Brady's payout ratio is 24.00%.

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.