Balyasny Asset Management L.P. Acquires 62,191 Shares of Brady Co. (NYSE:BRC)

Balyasny Asset Management L.P. grew its stake in shares of Brady Co. (NYSE:BRC) by 183.0% in the fourth quarter, HoldingsChannel.com reports. The firm owned 96,171 shares of the industrial products company’s stock after purchasing an additional 62,191 shares during the period. Balyasny Asset Management L.P.’s holdings in Brady were worth $7,102,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Barclays PLC raised its position in Brady by 535.4% in the 3rd quarter. Barclays PLC now owns 23,733 shares of the industrial products company’s stock valued at $1,818,000 after buying an additional 19,998 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of Brady by 10.5% in the fourth quarter. GAMMA Investing LLC now owns 1,938 shares of the industrial products company’s stock valued at $143,000 after purchasing an additional 184 shares during the last quarter. Nordea Investment Management AB lifted its position in shares of Brady by 18.5% during the fourth quarter. Nordea Investment Management AB now owns 94,174 shares of the industrial products company’s stock valued at $6,945,000 after purchasing an additional 14,702 shares in the last quarter. Diversified Trust Co boosted its holdings in Brady by 86.5% during the fourth quarter. Diversified Trust Co now owns 10,423 shares of the industrial products company’s stock worth $770,000 after purchasing an additional 4,833 shares during the last quarter. Finally, SG Americas Securities LLC bought a new stake in Brady in the 4th quarter worth about $236,000. 76.28% of the stock is owned by hedge funds and other institutional investors.

Brady Price Performance

Brady stock opened at $73.46 on Friday. Brady Co. has a 52 week low of $59.84 and a 52 week high of $77.68. The company’s 50 day moving average price is $69.63 and its two-hundred day moving average price is $72.42. The stock has a market cap of $3.51 billion, a P/E ratio of 18.05 and a beta of 0.86. 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 (NYSE:BRC) last posted its quarterly earnings data on Friday, February 21st. The industrial products company reported $1.00 earnings per share 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 business had revenue of $356.68 million during the quarter, compared to analysts’ expectations of $359.21 million. During the same period in the prior year, the firm posted $0.93 EPS. On average, equities analysts predict that Brady Co. will post 4.55 earnings per share for the current year.

Brady Dividend Announcement

The business 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. This represents a $0.96 annualized dividend and a yield of 1.31%. The ex-dividend date of this dividend was Wednesday, April 9th. Brady’s dividend payout ratio is 24.00%.

Brady Company 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.