Raymond James Financial Inc. Purchases New Position in Brady Co. (NYSE:BRC)

Raymond James Financial Inc. purchased a new stake in Brady Co. (NYSE:BRC - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 25,259 shares of the industrial products company's stock, valued at approximately $1,865,000. Raymond James Financial Inc. owned about 0.05% of Brady as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of BRC. Smartleaf Asset Management LLC raised its stake in shares of Brady by 213.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 461 shares of the industrial products company's stock worth $34,000 after purchasing an additional 314 shares during the last quarter. Principal Securities Inc. raised its position in Brady by 378.1% in the 4th quarter. Principal Securities Inc. now owns 655 shares of the industrial products company's stock worth $48,000 after purchasing an additional 518 shares during the period. Parkside Financial Bank & Trust boosted its holdings in shares of Brady by 19.1% during the fourth quarter. Parkside Financial Bank & Trust now owns 893 shares of the industrial products company's stock worth $66,000 after purchasing an additional 143 shares during the period. Kohmann Bosshard Financial Services LLC bought a new position in Brady in the fourth quarter worth about $96,000. Finally, KBC Group NV increased its stake in shares of Brady by 84.2% in the 4th quarter. KBC Group NV now owns 1,789 shares of the industrial products company's stock worth $132,000 after acquiring an additional 818 shares in the last quarter. 76.28% of the stock is owned by institutional investors.

Brady Stock Performance

NYSE BRC traded down $0.35 during trading hours on Monday, hitting $71.51. The company's stock had a trading volume of 89,201 shares, compared to its average volume of 246,396. The company's 50 day simple moving average is $69.58 and its two-hundred day simple moving average is $72.48. The company has a market cap of $3.42 billion, a P/E ratio of 17.57 and a beta of 0.75. Brady Co. has a 12 month low of $59.72 and a 12 month 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.

Brady (NYSE:BRC - Get Free Report) last posted its earnings results on Friday, February 21st. The industrial products company reported $1.00 earnings per share for the quarter, missing analysts' consensus estimates of $1.03 by ($0.03). Brady had a return on equity of 19.79% and a net margin of 14.19%. The business had revenue of $356.68 million during the quarter, compared to the consensus estimate of $359.21 million. During the same quarter last year, the firm earned $0.93 earnings per share. As a group, sell-side analysts expect 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. Shareholders of record on Wednesday, April 9th were given a $0.24 dividend. The ex-dividend date was Wednesday, April 9th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.34%. Brady's dividend payout ratio (DPR) is currently 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.