KLP Kapitalforvaltning AS Acquires Shares of 22,600 Brady Co. (NYSE:BRC)

KLP Kapitalforvaltning AS bought a new position in shares of Brady Co. (NYSE:BRC) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 22,600 shares of the industrial products company’s stock, valued at approximately $1,669,000.

Several other large investors also recently modified their holdings of the business. Parkside Financial Bank & Trust lifted its holdings in shares of Brady by 19.1% during the fourth quarter. Parkside Financial Bank & Trust now owns 893 shares of the industrial products company’s stock valued at $66,000 after purchasing an additional 143 shares during the last quarter. Atria Investments Inc increased its holdings in shares of Brady by 3.2% during the fourth quarter. Atria Investments Inc now owns 4,984 shares of the industrial products company’s stock valued at $368,000 after acquiring an additional 153 shares in the last quarter. PNC Financial Services Group Inc. raised its position in shares of Brady by 4.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,454 shares of the industrial products company’s stock worth $255,000 after purchasing an additional 157 shares during the last quarter. Andina Capital Management LLC raised its position in shares of Brady by 3.2% in the 4th quarter. Andina Capital Management LLC now owns 5,718 shares of the industrial products company’s stock worth $422,000 after purchasing an additional 179 shares during the last quarter. Finally, Chase Investment Counsel Corp boosted its stake in Brady by 3.9% in the 4th quarter. Chase Investment Counsel Corp now owns 4,836 shares of the industrial products company’s stock worth $357,000 after purchasing an additional 181 shares in the last quarter. 76.28% of the stock is owned by institutional investors.

Brady Stock Down 1.7 %

Shares of Brady stock opened at $70.40 on Friday. The company has a 50-day simple moving average of $72.67 and a two-hundred day simple moving average of $73.69. The stock has a market capitalization of $3.36 billion, a PE ratio of 17.30 and a beta of 0.72. Brady Co. has a 52-week low of $57.89 and a 52-week high of $77.68. 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 announced its quarterly earnings data 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 during the quarter, compared to analysts’ expectations of $359.21 million. During the same quarter in the previous year, the firm earned $0.93 earnings per share. On average, analysts anticipate that Brady Co. will post 4.55 EPS for the current fiscal year.

Brady Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 9th will be given a dividend of $0.24 per share. The ex-dividend date is Wednesday, April 9th. This represents a $0.96 annualized dividend and a dividend yield of 1.36%. Brady’s dividend payout ratio (DPR) 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.