Raymond James Financial Inc. Invests $1.87 Million in Brady Co. (NYSE:BRC)

Raymond James Financial Inc. bought a new position in shares of Brady Co. (NYSE:BRC) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund bought 25,259 shares of the industrial products company’s stock, valued at approximately $1,865,000. Raymond James Financial Inc. owned 0.05% of Brady as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Nordea Investment Management AB grew its stake in Brady by 18.5% during the fourth quarter. Nordea Investment Management AB now owns 94,174 shares of the industrial products company’s stock worth $6,945,000 after buying an additional 14,702 shares during the period. Robeco Institutional Asset Management B.V. lifted its holdings in shares of 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 boosted its position in Brady by 84.2% during the 4th quarter. KBC Group NV now owns 1,789 shares of the industrial products company’s stock worth $132,000 after purchasing an additional 818 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in 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 valued at $33,243,000 after purchasing an additional 59,752 shares in the last quarter. Finally, Prentiss Smith & Co. Inc. raised its position in Brady by 50.2% in the fourth quarter. Prentiss Smith & Co. Inc. now owns 54,509 shares of the industrial products company’s stock valued at $4,025,000 after purchasing an additional 18,228 shares during the period. Institutional investors and hedge funds own 76.28% of the company’s stock.

Brady Price Performance

Shares of NYSE BRC opened at $70.66 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 1-year low of $58.32 and a 1-year high of $77.68. The company has a market capitalization of $3.38 billion, a price-to-earnings ratio of 17.36 and a beta of 0.75. The business has a 50-day moving average of $69.62 and a 200-day moving average of $72.55.

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). The company 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 quarter in the prior year, the company earned $0.93 EPS. On average, equities analysts anticipate that Brady Co. will post 4.55 EPS for the current fiscal year.

Brady Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 9th were given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date of this dividend was Wednesday, April 9th. Brady’s payout ratio is 24.00%.

Brady 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.