Heartland Advisors Inc. Grows Stock Position in Brady Co. (NYSE:BRC)

Heartland Advisors Inc. boosted its stake in shares of Brady Co. (NYSE:BRC) by 6.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 119,227 shares of the industrial products company’s stock after purchasing an additional 7,252 shares during the quarter. Heartland Advisors Inc.’s holdings in Brady were worth $8,805,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Natixis Advisors LLC purchased a new stake in shares of Brady during the third quarter worth approximately $792,000. Advisors Asset Management Inc. increased its position in shares of Brady by 173.9% in the 3rd quarter. Advisors Asset Management Inc. now owns 2,342 shares of the industrial products company’s stock valued at $179,000 after purchasing an additional 1,487 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Brady by 16.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 390,396 shares of the industrial products company’s stock worth $29,916,000 after purchasing an additional 54,264 shares during the last quarter. FMR LLC grew its stake in shares of Brady by 39.5% during the third quarter. FMR LLC now owns 2,658,925 shares of the industrial products company’s stock worth $203,753,000 after purchasing an additional 753,092 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its holdings in Brady by 1,121.9% in the third quarter. BNP Paribas Financial Markets now owns 159,668 shares of the industrial products company’s stock valued at $12,235,000 after buying an additional 146,601 shares during the last quarter. Hedge funds and other institutional investors own 76.28% of the company’s stock.

Brady Stock Up 0.1 %

Shares of NYSE BRC opened at $71.64 on Friday. The business has a 50-day moving average of $72.74 and a two-hundred day moving average of $73.71. The company has a market capitalization of $3.42 billion, a price-to-earnings ratio of 17.60 and a beta of 0.72. Brady Co. has a 1 year low of $57.89 and a 1 year 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) last posted its earnings results 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). The business had revenue of $356.68 million for the quarter, compared to analysts’ expectations of $359.21 million. Brady had a return on equity of 19.79% and a net margin of 14.19%. During the same quarter in the previous year, the firm earned $0.93 EPS. On average, analysts forecast that Brady Co. will post 4.55 earnings per share for the current fiscal year.

Brady Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 9th will be paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date of this dividend is Wednesday, April 9th. Brady’s dividend payout ratio is currently 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.