Allspring Global Investments Holdings LLC Boosts Holdings in Brady Co. (NYSE:BRC)

Allspring Global Investments Holdings LLC raised its holdings in Brady Co. (NYSE:BRC) by 0.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 480,924 shares of the industrial products company’s stock after purchasing an additional 1,867 shares during the quarter. Allspring Global Investments Holdings LLC owned 1.01% of Brady worth $35,516,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the business. FMR LLC boosted its holdings in Brady by 39.5% in the third quarter. FMR LLC now owns 2,658,925 shares of the industrial products company’s stock valued at $203,753,000 after purchasing an additional 753,092 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Brady by 7.4% in the third quarter. Geode Capital Management LLC now owns 658,093 shares of the industrial products company’s stock worth $50,445,000 after acquiring an additional 45,206 shares during the period. Lord Abbett & CO. LLC raised its position in shares of Brady by 2.9% in the third quarter. Lord Abbett & CO. LLC now owns 618,841 shares of the industrial products company’s stock worth $47,422,000 after acquiring an additional 17,682 shares during the period. Royce & Associates LP raised its position in shares of Brady by 27.1% in the third quarter. Royce & Associates LP now owns 555,792 shares of the industrial products company’s stock worth $42,590,000 after acquiring an additional 118,557 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Brady by 16.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 390,396 shares of the industrial products company’s stock worth $29,916,000 after acquiring an additional 54,264 shares during the period. 76.28% of the stock is owned by hedge funds and other institutional investors.

Brady Trading Down 0.3 %

Shares of Brady stock opened at $73.42 on Friday. The firm has a 50-day simple moving average of $74.32 and a two-hundred day simple moving average of $73.73. The company has a market cap of $3.51 billion, a P/E ratio of 18.04 and a beta of 0.76. Brady Co. has a fifty-two week low of $56.09 and a fifty-two week high of $77.68. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.25 and a current ratio of 1.84.

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

Brady Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Friday, January 10th were given a dividend of $0.24 per share. The ex-dividend date of this dividend 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 presently 23.59%.

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.