Wellington Management Group LLP Purchases 26,769 Shares of Brady Co. (NYSE:BRC)

Wellington Management Group LLP grew its position in Brady Co. (NYSE:BRC) by 4.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 674,593 shares of the industrial products company’s stock after purchasing an additional 26,769 shares during the quarter. Wellington Management Group LLP owned approximately 1.41% of Brady worth $49,819,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of BRC. Smartleaf Asset Management LLC boosted its holdings in Brady by 213.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 461 shares of the industrial products company’s stock worth $34,000 after buying an additional 314 shares during the period. Principal Securities Inc. lifted its position in shares of Brady by 378.1% in the fourth quarter. Principal Securities Inc. now owns 655 shares of the industrial products company’s stock valued at $48,000 after acquiring an additional 518 shares in the last quarter. Point72 DIFC Ltd boosted its stake in shares of Brady by 161.4% in the third quarter. Point72 DIFC Ltd now owns 651 shares of the industrial products company’s stock worth $50,000 after acquiring an additional 402 shares during the period. Parkside Financial Bank & Trust grew its position in shares of 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 purchasing an additional 143 shares in the last quarter. Finally, Kohmann Bosshard Financial Services LLC bought a new stake in Brady during the 4th quarter valued at approximately $96,000. 76.28% of the stock is owned by hedge funds and other institutional investors.

Brady Trading Down 4.2 %

BRC stock opened at $66.64 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 $57.89 and a 1-year high of $77.68. The business has a 50 day simple moving average of $72.22 and a two-hundred day simple moving average of $73.57. The company has a market capitalization of $3.18 billion, a price-to-earnings ratio of 16.37 and a beta of 0.75.

Brady (NYSE:BRC) last posted its earnings results on Friday, February 21st. The industrial products company reported $1.00 earnings per share for the quarter, missing the consensus estimate of $1.03 by ($0.03). The company had revenue of $356.68 million for the quarter, compared to analysts’ expectations of $359.21 million. Brady had a net margin of 14.19% and a return on equity of 19.79%. During the same period in the previous year, the business posted $0.93 earnings per share. Research analysts anticipate that Brady Co. will post 4.55 EPS for the current fiscal year.

Brady Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 9th will be paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date of this dividend is Wednesday, April 9th. Brady’s payout ratio is presently 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.