Principal Securities Inc. Boosts Stock Position in Brady Co. (NYSE:BRC)

Principal Securities Inc. grew its stake in shares of Brady Co. (NYSE:BRC) by 378.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 655 shares of the industrial products company’s stock after buying an additional 518 shares during the quarter. Principal Securities Inc.’s holdings in Brady were worth $48,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC increased its stake in shares of Brady by 0.4% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 480,924 shares of the industrial products company’s stock valued at $35,516,000 after buying an additional 1,867 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Brady by 11.0% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,782 shares of the industrial products company’s stock valued at $204,000 after acquiring an additional 275 shares in the last quarter. Guidance Capital Inc. purchased a new stake in shares of Brady during the fourth quarter valued at approximately $465,000. Prentiss Smith & Co. Inc. lifted its holdings in shares of Brady by 50.2% during the fourth quarter. Prentiss Smith & Co. Inc. now owns 54,509 shares of the industrial products company’s stock valued at $4,025,000 after purchasing an additional 18,228 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. grew its stake in shares of Brady by 18.2% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 177,324 shares of the industrial products company’s stock worth $13,095,000 after acquiring an additional 27,293 shares during the period. Institutional investors own 76.28% of the company’s stock.

Brady Price Performance

NYSE BRC opened at $72.91 on Friday. The stock has a market capitalization of $3.48 billion, a price-to-earnings ratio of 17.91 and a beta of 0.76. Brady Co. has a 1-year low of $56.59 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. The business’s fifty day moving average price is $73.84 and its 200-day moving average price is $73.92.

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 analysts’ consensus estimates of $1.03 by ($0.03). The firm had revenue of $356.68 million during the quarter, compared to the consensus estimate of $359.21 million. Brady had a net margin of 14.19% and a return on equity of 19.79%. During the same period in the prior year, the company posted $0.93 EPS. On average, equities analysts predict that Brady Co. will post 4.55 earnings per share for the current year.

Brady Announces Dividend

The firm 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 1.32%. Brady’s 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.