Brady Co. (NYSE:BRC) Shares Acquired by HighTower Advisors LLC

HighTower Advisors LLC increased its stake in shares of Brady Co. (NYSE:BRC) by 18.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 11,677 shares of the industrial products company’s stock after purchasing an additional 1,841 shares during the period. HighTower Advisors LLC’s holdings in Brady were worth $862,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of BRC. Parkside Financial Bank & Trust raised its holdings in shares of Brady by 19.1% during the fourth quarter. Parkside Financial Bank & Trust now owns 893 shares of the industrial products company’s stock valued at $66,000 after acquiring an additional 143 shares during the last quarter. Atria Investments Inc raised its stake in Brady by 3.2% in the 4th quarter. Atria Investments Inc now owns 4,984 shares of the industrial products company’s stock valued at $368,000 after purchasing an additional 153 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in Brady by 4.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,454 shares of the industrial products company’s stock valued at $255,000 after purchasing an additional 157 shares in the last quarter. Andina Capital Management LLC boosted its stake in Brady by 3.2% during the 4th quarter. Andina Capital Management LLC now owns 5,718 shares of the industrial products company’s stock worth $422,000 after purchasing an additional 179 shares during the last quarter. Finally, Chase Investment Counsel Corp grew its holdings in shares of Brady by 3.9% during the fourth quarter. Chase Investment Counsel Corp now owns 4,836 shares of the industrial products company’s stock worth $357,000 after buying an additional 181 shares in the last quarter. 76.28% of the stock is owned by hedge funds and other institutional investors.

Brady Stock Performance

NYSE:BRC opened at $71.64 on Friday. The company has a market cap of $3.42 billion, a P/E ratio of 17.60 and a beta of 0.72. Brady Co. has a twelve month low of $57.89 and a twelve month high of $77.68. The company’s 50-day moving average price is $72.74 and its 200-day moving average price is $73.71. The company has a current ratio of 1.84, a quick ratio of 1.25 and a debt-to-equity ratio of 0.11.

Brady (NYSE:BRC) last released 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 business had revenue of $356.68 million during 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 period last year, the business earned $0.93 earnings per share. On average, sell-side analysts forecast that Brady Co. will post 4.55 earnings per share for the current fiscal year.

Brady Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 9th will be issued a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.34%. 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.