Mariner LLC Purchases Shares of 3,038 Brady Co. (NYSE:BRC)

Mariner LLC acquired a new position in Brady Co. (NYSE:BRC) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 3,038 shares of the industrial products company’s stock, valued at approximately $224,000.

Several other institutional investors and hedge funds have also recently modified their holdings of BRC. Barclays PLC raised its holdings in Brady by 535.4% during the third quarter. Barclays PLC now owns 23,733 shares of the industrial products company’s stock valued at $1,818,000 after acquiring an additional 19,998 shares during the period. GAMMA Investing LLC raised its stake in Brady by 10.5% during the 4th quarter. GAMMA Investing LLC now owns 1,938 shares of the industrial products company’s stock valued at $143,000 after purchasing an additional 184 shares during the period. Nordea Investment Management AB lifted 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 worth $6,945,000 after purchasing an additional 14,702 shares in the last quarter. Diversified Trust Co boosted its stake in Brady by 86.5% in the 4th quarter. Diversified Trust Co now owns 10,423 shares of the industrial products company’s stock worth $770,000 after purchasing an additional 4,833 shares during the period. Finally, SG Americas Securities LLC bought a new position in Brady in the 4th quarter worth approximately $236,000. 76.28% of the stock is currently owned by institutional investors.

Brady Trading Down 0.3 %

Brady stock opened at $71.43 on Wednesday. Brady Co. has a 1 year low of $59.84 and a 1 year high of $77.68. The firm’s 50 day moving average price is $69.51 and its 200-day moving average price is $72.44. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.84 and a quick ratio of 1.25. The stock has a market cap of $3.41 billion, a P/E ratio of 17.55 and a beta of 0.86.

Brady (NYSE:BRC) last announced its quarterly earnings results on Friday, February 21st. The industrial products company reported $1.00 EPS for the quarter, missing the consensus estimate 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 previous year, the firm earned $0.93 EPS. On average, equities analysts predict that Brady Co. will post 4.55 earnings per share for the current fiscal year.

Brady Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Wednesday, April 9th were given a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.34%. The ex-dividend date of this dividend was Wednesday, April 9th. Brady’s dividend payout ratio 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.