Brady Co. (NYSE:BRC) Shares Purchased by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC increased its stake in shares of Brady Co. (NYSE:BRC) by 0.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 480,924 shares of the industrial products company’s stock after purchasing an additional 1,867 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Brady were worth $35,516,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of BRC. Nordea Investment Management AB raised its holdings in 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 acquiring an additional 14,702 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its holdings in Brady by 18.2% in 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 during the last quarter. Royce & Associates LP raised its holdings in Brady by 27.1% in the 3rd quarter. Royce & Associates LP now owns 555,792 shares of the industrial products company’s stock valued at $42,590,000 after acquiring an additional 118,557 shares during the last quarter. KBC Group NV raised its holdings in Brady by 84.2% in 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 during the last quarter. Finally, Prentiss Smith & Co. Inc. raised its holdings in Brady by 50.2% in 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 last quarter. Institutional investors and hedge funds own 76.28% of the company’s stock.

Brady Stock Down 0.3 %

BRC stock opened at $73.42 on Friday. The company has a market cap of $3.51 billion, a price-to-earnings ratio of 18.04 and a beta of 0.76. 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 Co. has a 12 month low of $56.09 and a 12 month high of $77.68. The firm has a 50-day moving average of $74.32 and a two-hundred day moving average of $73.73.

Brady (NYSE:BRC) last released its quarterly earnings data on Monday, November 18th. The industrial products company reported $1.12 EPS for the quarter, beating analysts’ consensus estimates of $1.10 by $0.02. Brady had a net margin of 14.19% and a return on equity of 19.79%. The company had revenue of $377.10 million during the quarter, compared to the consensus estimate of $365.88 million. During the same quarter in the prior year, the firm earned $1.00 EPS. Brady’s quarterly revenue was up 13.6% on a year-over-year basis. As a group, analysts forecast that Brady Co. will post 4.55 earnings per share for the current fiscal year.

Brady Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Friday, January 10th were paid a $0.24 dividend. The ex-dividend date was Friday, January 10th. This represents a $0.96 annualized dividend and a dividend yield of 1.31%. Brady’s dividend payout ratio (DPR) is 23.59%.

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.