Cresset Asset Management LLC Purchases 688 Shares of Brady Co. (NYSE:BRC)

Cresset Asset Management LLC boosted its position in Brady Co. (NYSE:BRC) by 2.3% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 30,279 shares of the industrial products company’s stock after purchasing an additional 688 shares during the period. Cresset Asset Management LLC owned about 0.06% of Brady worth $2,236,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. raised its stake in Brady by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 5,215,225 shares of the industrial products company’s stock valued at $385,144,000 after acquiring an additional 31,096 shares during the period. FMR LLC raised its holdings in Brady by 40.4% in the 4th quarter. FMR LLC now owns 3,733,810 shares of the industrial products company’s stock valued at $275,742,000 after acquiring an additional 1,074,885 shares during the period. Dimensional Fund Advisors LP lifted its position in Brady by 0.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,443,594 shares of the industrial products company’s stock worth $106,608,000 after acquiring an additional 7,258 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Brady by 2.0% during the fourth quarter. Renaissance Technologies LLC now owns 1,152,340 shares of the industrial products company’s stock worth $85,100,000 after acquiring an additional 22,400 shares during the period. Finally, Invesco Ltd. grew its position in shares of Brady by 9.7% in the fourth quarter. Invesco Ltd. now owns 686,923 shares of the industrial products company’s stock valued at $50,729,000 after purchasing an additional 60,737 shares during the last quarter. Institutional investors own 76.28% of the company’s stock.

Brady Stock Performance

NYSE:BRC opened at $73.46 on Friday. The company has a current ratio of 1.84, a quick ratio of 1.25 and a debt-to-equity ratio of 0.11. The stock has a 50 day simple moving average of $69.63 and a 200 day simple moving average of $72.42. Brady Co. has a 1-year low of $59.84 and a 1-year high of $77.68. The stock has a market cap of $3.51 billion, a P/E ratio of 18.05 and a beta of 0.86.

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 analysts’ consensus estimates of $1.03 by ($0.03). Brady had a return on equity of 19.79% and a net margin of 14.19%. The firm had revenue of $356.68 million for the quarter, compared to analyst estimates of $359.21 million. During the same period in the prior year, the business posted $0.93 EPS. Research analysts anticipate that Brady Co. will post 4.55 earnings per share for the current year.

Brady Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 9th were given a $0.24 dividend. The ex-dividend date was Wednesday, April 9th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.31%. Brady’s payout ratio is 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.