Brady Co. (NYSE:BRC) Shares Acquired by William Blair Investment Management LLC

William Blair Investment Management LLC boosted its stake in shares of Brady Co. (NYSE:BRC) by 2.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 467,564 shares of the industrial products company’s stock after purchasing an additional 11,316 shares during the quarter. William Blair Investment Management LLC’s holdings in Brady were worth $34,530,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in BRC. FMR LLC boosted its position in Brady by 39.5% during the 3rd quarter. FMR LLC now owns 2,658,925 shares of the industrial products company’s stock worth $203,753,000 after acquiring an additional 753,092 shares during the period. BNP Paribas Financial Markets boosted its position in Brady by 1,121.9% during the 3rd quarter. BNP Paribas Financial Markets now owns 159,668 shares of the industrial products company’s stock worth $12,235,000 after acquiring an additional 146,601 shares during the period. Charles Schwab Investment Management Inc. boosted its position in Brady by 15.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 450,148 shares of the industrial products company’s stock worth $33,243,000 after acquiring an additional 59,752 shares during the period. Seizert Capital Partners LLC boosted its position in Brady by 93.9% during the 4th quarter. Seizert Capital Partners LLC now owns 123,196 shares of the industrial products company’s stock worth $9,098,000 after acquiring an additional 59,666 shares during the period. Finally, Thrivent Financial for Lutherans boosted its position in Brady by 38.6% during the 3rd quarter. Thrivent Financial for Lutherans now owns 183,041 shares of the industrial products company’s stock worth $14,026,000 after acquiring an additional 51,022 shares during the period. Institutional investors and hedge funds own 76.28% of the company’s stock.

Brady Trading Down 0.6 %

Shares of BRC stock opened at $71.52 on Wednesday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.25 and a current ratio of 1.84. Brady Co. has a 1 year low of $56.81 and a 1 year high of $77.68. The stock has a fifty day moving average of $72.92 and a two-hundred day moving average of $73.80. The firm has a market capitalization of $3.42 billion, a PE ratio of 17.57 and a beta of 0.72.

Brady (NYSE:BRC) last announced its quarterly earnings results on Friday, February 21st. The industrial products company reported $1.00 earnings per share (EPS) 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 for the quarter, compared to analyst estimates of $359.21 million. During the same quarter last year, the firm posted $0.93 EPS. As a group, research analysts expect that Brady Co. will post 4.55 EPS for the current year.

Brady Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 9th will be paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.34%. The ex-dividend date of this dividend is Wednesday, April 9th. Brady’s dividend payout ratio is presently 24.00%.

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.