Brady Co. (NYSE:BRC) Shares Purchased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. boosted its holdings in Brady Co. (NYSE:BRC) by 15.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 450,148 shares of the industrial products company’s stock after acquiring an additional 59,752 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.94% of Brady worth $33,243,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of BRC. Nordea Investment Management AB increased its holdings in shares of Brady by 18.5% in the 4th quarter. Nordea Investment Management AB now owns 94,174 shares of the industrial products company’s stock valued at $6,945,000 after purchasing an additional 14,702 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its position in Brady by 18.2% during 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 buying an additional 27,293 shares during the period. KBC Group NV increased its holdings in Brady by 84.2% in the fourth quarter. KBC Group NV now owns 1,789 shares of the industrial products company’s stock valued at $132,000 after buying an additional 818 shares in the last quarter. Prentiss Smith & Co. Inc. lifted its position in shares of Brady by 50.2% during the 4th quarter. Prentiss Smith & Co. Inc. now owns 54,509 shares of the industrial products company’s stock valued at $4,025,000 after acquiring an additional 18,228 shares during the period. Finally, GSA Capital Partners LLP purchased a new stake in shares of Brady during the 3rd quarter worth approximately $645,000. Institutional investors and hedge funds own 76.28% of the company’s stock.

Brady Stock Performance

BRC opened at $70.79 on Monday. Brady Co. has a 1-year low of $56.81 and a 1-year high of $77.68. The stock has a market cap of $3.38 billion, a P/E ratio of 17.39 and a beta of 0.72. The stock’s 50 day simple moving average is $72.97 and its 200 day simple moving average is $73.82. 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 firm had revenue of $356.68 million during 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 period last year, the company posted $0.93 EPS. As a group, equities analysts anticipate 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. Shareholders of record on Wednesday, April 9th will be given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date is Wednesday, April 9th. Brady’s payout ratio is currently 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.