Swiss National Bank Has $6.40 Million Stock Position in Brady Co. (NYSE:BRC)

Swiss National Bank lifted its holdings in shares of Brady Co. (NYSE:BRC) by 1.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 86,700 shares of the industrial products company’s stock after purchasing an additional 900 shares during the period. Swiss National Bank owned 0.18% of Brady worth $6,403,000 as of its most recent filing with the SEC.

Several other institutional investors have also added to or reduced their stakes in the stock. Nordea Investment Management AB boosted its position in shares of Brady by 18.5% during 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. Robeco Institutional Asset Management B.V. boosted its holdings in Brady by 18.2% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 177,324 shares of the industrial products company’s stock worth $13,095,000 after acquiring an additional 27,293 shares in the last quarter. KBC Group NV grew its stake in Brady by 84.2% in the fourth quarter. KBC Group NV now owns 1,789 shares of the industrial products company’s stock valued at $132,000 after acquiring an additional 818 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of Brady by 15.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 450,148 shares of the industrial products company’s stock valued at $33,243,000 after acquiring an additional 59,752 shares in the last quarter. Finally, Prentiss Smith & Co. Inc. raised its position in shares of Brady by 50.2% during the fourth quarter. Prentiss Smith & Co. Inc. now owns 54,509 shares of the industrial products company’s stock worth $4,025,000 after purchasing an additional 18,228 shares during the period. 76.28% of the stock is currently owned by institutional investors.

Brady Stock Performance

NYSE BRC opened at $70.51 on Monday. The company has a market cap of $3.37 billion, a P/E ratio of 17.32 and a beta of 0.72. The company has a fifty day simple moving average of $72.83 and a 200 day simple moving average of $73.75. The company has a current ratio of 1.84, a quick ratio of 1.25 and a debt-to-equity ratio of 0.11. Brady Co. has a 12-month low of $57.89 and a 12-month high of $77.68.

Brady (NYSE:BRC) last issued its quarterly earnings data on Friday, February 21st. The industrial products company reported $1.00 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.03). Brady had a net margin of 14.19% and a return on equity of 19.79%. The business had revenue of $356.68 million for the quarter, compared to analyst estimates of $359.21 million. During the same quarter in the prior year, the business earned $0.93 earnings per share. Sell-side analysts predict that Brady Co. will post 4.55 earnings per share for the current fiscal year.

Brady Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 9th will be issued a $0.24 dividend. The ex-dividend date is Wednesday, April 9th. This represents a $0.96 dividend on an annualized basis 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.