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

Teacher Retirement System of Texas increased its position in shares of Brady Co. (NYSE:BRC) by 9.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 148,941 shares of the industrial products company’s stock after purchasing an additional 12,531 shares during the period. Teacher Retirement System of Texas owned 0.31% of Brady worth $10,999,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Nordea Investment Management AB lifted its position in Brady by 18.5% in the fourth quarter. Nordea Investment Management AB now owns 94,174 shares of the industrial products company’s stock valued at $6,945,000 after acquiring an additional 14,702 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its position 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 valued at $13,095,000 after acquiring an additional 27,293 shares during the last quarter. KBC Group NV lifted its position 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 last quarter. Prentiss Smith & Co. Inc. lifted its position in Brady by 50.2% in the fourth quarter. Prentiss Smith & Co. Inc. now owns 54,509 shares of the industrial products company’s stock valued at $4,025,000 after acquiring an additional 18,228 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in Brady by 15.3% in 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 during the last quarter. Institutional investors and hedge funds own 76.28% of the company’s stock.

Brady Price Performance

Shares of BRC opened at $70.51 on Friday. Brady Co. has a 1-year low of $57.89 and a 1-year high of $77.68. The stock has a market cap of $3.37 billion, a PE ratio of 17.32 and a beta of 0.72. 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 firm has a fifty day moving average price of $72.83 and a 200 day moving average price of $73.74.

Brady (NYSE:BRC) last announced its earnings results on Friday, February 21st. The industrial products company reported $1.00 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 during the quarter, compared to analysts’ expectations of $359.21 million. During the same period in the previous year, the company posted $0.93 earnings per share. As a group, sell-side analysts anticipate that Brady Co. will post 4.55 EPS for the current year.

Brady Announces Dividend

The firm 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 of this dividend is Wednesday, April 9th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.36%. Brady’s payout ratio is 24.00%.

Brady Company 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.