Ariel Investments LLC Has $284,000 Stock Holdings in Brady Co. (NYSE:BRC)

Ariel Investments LLC lifted its holdings in shares of Brady Co. (NYSE:BRC) by 6.1% during the 4th quarter, HoldingsChannel.com reports. The firm owned 3,840 shares of the industrial products company’s stock after buying an additional 220 shares during the period. Ariel Investments LLC’s holdings in Brady were worth $284,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of BRC. Smartleaf Asset Management LLC grew its holdings in Brady by 213.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 461 shares of the industrial products company’s stock valued at $34,000 after purchasing an additional 314 shares during the last quarter. Principal Securities Inc. grew its stake in Brady by 378.1% in the 4th quarter. Principal Securities Inc. now owns 655 shares of the industrial products company’s stock valued at $48,000 after buying an additional 518 shares during the last quarter. Parkside Financial Bank & Trust raised its holdings in Brady by 19.1% in the 4th quarter. Parkside Financial Bank & Trust now owns 893 shares of the industrial products company’s stock worth $66,000 after acquiring an additional 143 shares during the period. Kohmann Bosshard Financial Services LLC bought a new stake in Brady during the fourth quarter valued at about $96,000. Finally, KBC Group NV grew its position in shares of 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 purchasing an additional 818 shares during the last quarter. Institutional investors own 76.28% of the company’s stock.

Brady Price Performance

NYSE BRC opened at $71.79 on Friday. The stock has a 50-day simple moving average of $69.58 and a 200 day simple moving average of $72.50. Brady Co. has a twelve month low of $59.72 and a twelve month high of $77.68. The stock has a market capitalization of $3.43 billion, a PE ratio of 17.64 and a beta of 0.75. 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 posted its quarterly earnings data 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). 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 the consensus estimate of $359.21 million. During the same period in the prior year, the company posted $0.93 earnings per share. Research analysts anticipate that Brady Co. will post 4.55 EPS for the current year.

Brady Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 9th were given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.34%. The ex-dividend date was Wednesday, April 9th. Brady’s dividend payout ratio is currently 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.