Envestnet Asset Management Inc. Acquires 6,669 Shares of Brady Co. (NYSE:BRC)

Envestnet Asset Management Inc. increased its holdings in shares of Brady Co. (NYSE:BRC) by 109.1% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 12,779 shares of the industrial products company’s stock after acquiring an additional 6,669 shares during the period. Envestnet Asset Management Inc.’s holdings in Brady were worth $944,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. lifted its holdings in shares of Brady by 15.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 450,148 shares of the industrial products company’s stock worth $33,243,000 after buying an additional 59,752 shares during the period. Seizert Capital Partners LLC lifted its stake in Brady by 93.9% in the fourth quarter. Seizert Capital Partners LLC now owns 123,196 shares of the industrial products company’s stock worth $9,098,000 after acquiring an additional 59,666 shares during the period. ExodusPoint Capital Management LP bought a new position in Brady during the 4th quarter worth about $4,372,000. Royce & Associates LP increased its position in Brady by 9.2% during the 4th quarter. Royce & Associates LP now owns 606,716 shares of the industrial products company’s stock valued at $44,806,000 after purchasing an additional 50,924 shares during the period. Finally, Allianz Asset Management GmbH raised its holdings in shares of Brady by 10.6% in the 4th quarter. Allianz Asset Management GmbH now owns 398,366 shares of the industrial products company’s stock valued at $29,419,000 after purchasing an additional 38,139 shares in the last quarter. Hedge funds and other institutional investors own 76.28% of the company’s stock.

Brady Stock Performance

Shares of BRC stock opened at $70.66 on Friday. The company’s 50 day moving average is $69.62 and its 200 day moving average is $72.55. The company has a quick ratio of 1.25, a current ratio of 1.84 and a debt-to-equity ratio of 0.11. The firm has a market cap of $3.38 billion, a price-to-earnings ratio of 17.36 and a beta of 0.75. Brady Co. has a 52-week low of $58.32 and a 52-week high of $77.68.

Brady (NYSE:BRC) last released its quarterly 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). Brady had a net margin of 14.19% and a return on equity of 19.79%. The firm had revenue of $356.68 million during the quarter, compared to the consensus estimate of $359.21 million. During the same quarter in the prior year, the business posted $0.93 earnings per share. On average, sell-side analysts anticipate that Brady Co. will post 4.55 EPS for the current fiscal year.

Brady Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 9th were paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date of this dividend was Wednesday, April 9th. Brady’s dividend payout ratio (DPR) 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.