Tower Research Capital LLC TRC Raises Holdings in Brady Co. (NYSE:BRC)

Tower Research Capital LLC TRC grew its holdings in shares of Brady Co. (NYSE:BRC - Free Report) by 192.0% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 5,826 shares of the industrial products company's stock after acquiring an additional 3,831 shares during the quarter. Tower Research Capital LLC TRC's holdings in Brady were worth $430,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BRC. Smartleaf Asset Management LLC grew its holdings in Brady by 213.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 461 shares of the industrial products company's stock worth $34,000 after acquiring an additional 314 shares during the period. Principal Securities Inc. raised its holdings in shares of Brady by 378.1% during the fourth quarter. Principal Securities Inc. now owns 655 shares of the industrial products company's stock worth $48,000 after acquiring an additional 518 shares in the last quarter. Parkside Financial Bank & Trust lifted its stake in Brady by 19.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 893 shares of the industrial products company's stock valued at $66,000 after acquiring an additional 143 shares during the last quarter. Kohmann Bosshard Financial Services LLC acquired a new position in shares of Brady during the 4th quarter valued at about $96,000. Finally, KBC Group NV lifted its position in Brady by 84.2% during 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 during the last quarter. 76.28% of the stock is currently owned by institutional investors.

Brady Stock Performance

BRC stock traded up $1.18 on Friday, reaching $71.79. 84,557 shares of the company were exchanged, compared to its average volume of 247,027. 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. The firm has a market capitalization of $3.43 billion, a PE ratio of 17.64 and a beta of 0.75. The stock's fifty day moving average price is $69.58 and its 200 day moving average price is $72.50.

Brady (NYSE:BRC - Get Free Report) last released its quarterly earnings data on Friday, February 21st. The industrial products company reported $1.00 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.03 by ($0.03). Brady had a return on equity of 19.79% and a net margin of 14.19%. The company had revenue of $356.68 million for the quarter, compared to analyst estimates of $359.21 million. During the same quarter in the prior year, the company earned $0.93 earnings per share. On average, research analysts anticipate that Brady Co. will post 4.55 EPS for the current fiscal year.

Brady Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 9th were issued a $0.24 dividend. The ex-dividend date was Wednesday, April 9th. This represents a $0.96 annualized dividend and a yield of 1.34%. Brady's dividend payout ratio (DPR) is presently 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.