Brady Co. (NYSE:BRC) Shares Acquired by Teacher Retirement System of Texas

Teacher Retirement System of Texas boosted its stake in shares of Brady Co. (NYSE:BRC) by 9.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 148,941 shares of the industrial products company’s stock after buying an additional 12,531 shares during the quarter. Teacher Retirement System of Texas’ holdings in Brady were worth $10,999,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Parkside Financial Bank & Trust grew its position in Brady by 19.1% during the fourth quarter. Parkside Financial Bank & Trust now owns 893 shares of the industrial products company’s stock worth $66,000 after buying an additional 143 shares during the period. Atria Investments Inc grew its position in Brady by 3.2% during the fourth quarter. Atria Investments Inc now owns 4,984 shares of the industrial products company’s stock worth $368,000 after buying an additional 153 shares during the period. PNC Financial Services Group Inc. grew its position in Brady by 4.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,454 shares of the industrial products company’s stock worth $255,000 after buying an additional 157 shares during the period. Andina Capital Management LLC grew its position in Brady by 3.2% during the fourth quarter. Andina Capital Management LLC now owns 5,718 shares of the industrial products company’s stock worth $422,000 after buying an additional 179 shares during the period. Finally, Chase Investment Counsel Corp grew its position in Brady by 3.9% during the fourth quarter. Chase Investment Counsel Corp now owns 4,836 shares of the industrial products company’s stock worth $357,000 after buying an additional 181 shares during the period. 76.28% of the stock is currently owned by institutional investors and hedge funds.

Brady Stock Down 1.2 %

BRC stock opened at $70.51 on Friday. The company’s 50 day simple moving average is $72.83 and its 200-day simple moving average is $73.74. The firm has a market capitalization of $3.37 billion, a PE ratio of 17.32 and a beta of 0.72. Brady Co. has a 12 month low of $57.89 and a 12 month high of $77.68. 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 (NYSE:BRC) last released 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 business had revenue of $356.68 million during the quarter, compared to analyst estimates of $359.21 million. Brady had a net margin of 14.19% and a return on equity of 19.79%. During the same quarter in the prior year, the company earned $0.93 earnings per share. Equities analysts expect that Brady Co. will post 4.55 earnings per share for the current fiscal year.

Brady Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 9th will be given a $0.24 dividend. The ex-dividend date of this dividend is Wednesday, April 9th. This represents a $0.96 annualized dividend and a dividend yield of 1.36%. 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.