Brady Co. (NYSE:BRC) Position Boosted by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. raised its holdings in shares of Brady Co. (NYSE:BRC) by 4.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,454 shares of the industrial products company’s stock after acquiring an additional 157 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Brady were worth $255,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Nordea Investment Management AB grew its stake in Brady by 18.5% during 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 acquiring an additional 14,702 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its stake in Brady by 18.2% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 177,324 shares of the industrial products company’s stock valued at $13,095,000 after acquiring an additional 27,293 shares in the last quarter. KBC Group NV grew 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 acquiring an additional 818 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in Brady by 15.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 450,148 shares of the industrial products company’s stock valued at $33,243,000 after acquiring an additional 59,752 shares in the last quarter. Finally, Prentiss Smith & Co. Inc. grew its stake in 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 in the last quarter. Hedge funds and other institutional investors own 76.28% of the company’s stock.

Brady Trading Down 1.2 %

NYSE:BRC opened at $70.51 on Friday. 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 Co. has a fifty-two week low of $57.89 and a fifty-two week high of $77.68. The stock’s 50-day moving average is $72.83 and its two-hundred day moving average is $73.74. The stock has a market cap of $3.37 billion, a PE ratio of 17.32 and a beta of 0.72.

Brady (NYSE:BRC) last announced its quarterly earnings results on Friday, February 21st. The industrial products company reported $1.00 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.03 by ($0.03). The firm 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 in the prior year, the firm earned $0.93 earnings per share. As a group, equities research analysts forecast that Brady Co. will post 4.55 earnings per share for the current fiscal year.

Brady Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 9th will be issued a dividend of $0.24 per share. The ex-dividend date of this dividend is Wednesday, April 9th. This represents a $0.96 annualized dividend and a dividend yield of 1.36%. Brady’s dividend payout ratio is 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.