Brady Co. (NYSE:BRC) Shares Bought by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP raised its position in shares of Brady Co. (NYSE:BRC) by 0.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,443,594 shares of the industrial products company’s stock after acquiring an additional 7,258 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Brady were worth $106,608,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in BRC. Champlain Investment Partners LLC purchased a new position in Brady in the 4th quarter valued at $30,314,000. Mariner LLC acquired a new stake in shares of Brady in the fourth quarter valued at about $224,000. Neuberger Berman Group LLC lifted its stake in shares of Brady by 6,379.9% in the fourth quarter. Neuberger Berman Group LLC now owns 544,375 shares of the industrial products company’s stock worth $40,202,000 after buying an additional 535,974 shares in the last quarter. Bessemer Group Inc. boosted its position in Brady by 4,591.4% during the fourth quarter. Bessemer Group Inc. now owns 6,521 shares of the industrial products company’s stock worth $482,000 after acquiring an additional 6,382 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in Brady during the 4th quarter valued at about $1,865,000. Hedge funds and other institutional investors own 76.28% of the company’s stock.

Brady Trading Up 0.0 %

BRC opened at $69.05 on Monday. The firm has a market capitalization of $3.30 billion, a price-to-earnings ratio of 16.97 and a beta of 0.75. The company’s 50 day simple moving average is $69.80 and its two-hundred day simple moving average is $72.65. Brady Co. has a 1-year low of $58.32 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 announced its quarterly earnings data on Friday, February 21st. The industrial products company reported $1.00 EPS for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.03). The company 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 business posted $0.93 EPS. 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 will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 9th will be issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.39%. 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.