TD Asset Management Inc. Has $5.39 Million Position in Brady Co. (NYSE:BRC)

TD Asset Management Inc. cut its holdings in Brady Co. (NYSE:BRC) by 8.9% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 106,308 shares of the industrial products company’s stock after selling 10,400 shares during the quarter. TD Asset Management Inc. owned about 0.20% of Brady worth $5,390,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Vanguard Group Inc. grew its position in shares of Brady by 1.2% in the 2nd quarter. Vanguard Group Inc. now owns 5,262,384 shares of the industrial products company’s stock valued at $294,904,000 after purchasing an additional 61,364 shares during the period. State Street Corp grew its position in shares of Brady by 5.1% in the 2nd quarter. State Street Corp now owns 4,199,986 shares of the industrial products company’s stock valued at $235,367,000 after purchasing an additional 204,798 shares during the period. Price T Rowe Associates Inc. MD grew its position in shares of Brady by 2.8% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 2,130,102 shares of the industrial products company’s stock valued at $119,371,000 after purchasing an additional 57,868 shares during the period. Van Berkom & Associates Inc. grew its position in shares of Brady by 39.1% in the 2nd quarter. Van Berkom & Associates Inc. now owns 881,834 shares of the industrial products company’s stock valued at $49,418,000 after purchasing an additional 247,713 shares during the period. Finally, Geode Capital Management LLC grew its position in shares of Brady by 5.3% in the 2nd quarter. Geode Capital Management LLC now owns 867,296 shares of the industrial products company’s stock valued at $48,603,000 after purchasing an additional 43,848 shares during the period. Institutional investors and hedge funds own 76.82% of the company’s stock.

BRC has been the subject of several research analyst reports. Zacks Investment Research lowered Brady from a “buy” rating to a “hold” rating in a research report on Tuesday, November 9th. Wells Fargo & Company cut their target price on Brady from $70.00 to $60.00 and set an “overweight” rating on the stock in a research note on Monday, January 10th.

NYSE BRC opened at $53.82 on Friday. The stock has a market capitalization of $2.79 billion, a price-to-earnings ratio of 21.53, a PEG ratio of 2.43 and a beta of 0.82. The stock’s 50 day moving average price is $53.02 and its two-hundred day moving average price is $52.67. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.32 and a current ratio of 1.90. Brady Co. has a 52 week low of $44.92 and a 52 week high of $61.76.

Brady (NYSE:BRC) last released its earnings results on Thursday, November 18th. The industrial products company reported $0.72 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.73 by ($0.01). Brady had a net margin of 11.04% and a return on equity of 15.07%. The firm had revenue of $321.50 million during the quarter, compared to the consensus estimate of $316.04 million. During the same quarter in the previous year, the firm posted $0.64 EPS. The company’s revenue was up 18.1% on a year-over-year basis. On average, equities research analysts forecast that Brady Co. will post 3.15 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 31st. Stockholders of record on Monday, January 10th will be paid a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.67%. The ex-dividend date of this dividend is Friday, January 7th. Brady’s dividend payout ratio is currently 36.00%.

Brady Company Profile

Brady Corp. engages in the manufacture and market of specialty materials and identification solutions that determines and protects premises, products, and people. The firm operates through the Identification Solutions (IDS) and Workplace Safety (WPS) segments. The IDS segment offers industrial and healthcare identification products.

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Institutional Ownership by Quarter for Brady (NYSE:BRC)

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