Smartleaf Asset Management LLC Has $34,000 Stock Holdings in Brady Co. (NYSE:BRC)

Smartleaf Asset Management LLC increased its position in Brady Co. (NYSE:BRC) by 213.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 461 shares of the industrial products company’s stock after buying an additional 314 shares during the period. Smartleaf Asset Management LLC’s holdings in Brady were worth $34,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in BRC. Principal Securities Inc. grew its stake in shares of Brady by 378.1% in the 4th quarter. Principal Securities Inc. now owns 655 shares of the industrial products company’s stock valued at $48,000 after buying an additional 518 shares during the period. Point72 DIFC Ltd boosted its stake in Brady by 161.4% during the 3rd quarter. Point72 DIFC Ltd now owns 651 shares of the industrial products company’s stock valued at $50,000 after purchasing an additional 402 shares during the last quarter. Parkside Financial Bank & Trust boosted its stake in Brady by 19.1% during the 4th quarter. Parkside Financial Bank & Trust now owns 893 shares of the industrial products company’s stock valued at $66,000 after purchasing an additional 143 shares during the last quarter. KBC Group NV boosted its stake in Brady by 84.2% during the 4th quarter. KBC Group NV now owns 1,789 shares of the industrial products company’s stock valued at $132,000 after purchasing an additional 818 shares during the last quarter. Finally, GAMMA Investing LLC boosted its stake in Brady by 10.5% during the 4th 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. 76.28% of the stock is currently owned by institutional investors and hedge funds.

Brady Price Performance

BRC stock opened at $69.61 on Thursday. The company has a market capitalization of $3.33 billion, a P/E ratio of 17.10 and a beta of 0.72. 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 52-week low of $56.81 and a 52-week high of $77.68. The business has a 50-day simple moving average of $73.13 and a two-hundred day simple moving average of $73.87.

Brady (NYSE:BRC) last released 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). The company had revenue of $356.68 million for the quarter, compared to analyst estimates of $359.21 million. Brady had a net margin of 14.19% and a return on equity of 19.79%. During the same quarter last year, the firm posted $0.93 EPS. Research analysts expect that Brady Co. will post 4.55 EPS for the current fiscal year.

Brady Dividend Announcement

The firm also recently announced 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. The ex-dividend date is Wednesday, April 9th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.38%. Brady’s 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.