Parkside Financial Bank & Trust Has $66,000 Position in Brady Co. (NYSE:BRC)

Parkside Financial Bank & Trust raised its position in shares of Brady Co. (NYSE:BRC) by 19.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 893 shares of the industrial products company’s stock after purchasing an additional 143 shares during the quarter. Parkside Financial Bank & Trust’s holdings in Brady were worth $66,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Nordea Investment Management AB raised its stake in Brady by 18.5% during the 4th quarter. Nordea Investment Management AB now owns 94,174 shares of the industrial products company’s stock valued at $6,945,000 after purchasing an additional 14,702 shares during the period. Robeco Institutional Asset Management B.V. raised its stake in Brady by 18.2% during the 4th 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 purchasing an additional 27,293 shares during the period. Royce & Associates LP raised its stake in Brady by 27.1% during the 3rd quarter. Royce & Associates LP now owns 555,792 shares of the industrial products company’s stock valued at $42,590,000 after purchasing an additional 118,557 shares during the period. KBC Group NV raised its stake in Brady by 84.2% during the 4th 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 period. Finally, Prentiss Smith & Co. Inc. raised its stake in Brady by 50.2% during the 4th quarter. Prentiss Smith & Co. Inc. now owns 54,509 shares of the industrial products company’s stock valued at $4,025,000 after purchasing an additional 18,228 shares during the period. 76.28% of the stock is owned by institutional investors and hedge funds.

Brady Trading Down 0.8 %

Brady stock opened at $72.27 on Monday. The company’s fifty day simple moving average is $73.81 and its 200-day simple moving average is $73.99. The company has a quick ratio of 1.25, a current ratio of 1.84 and a debt-to-equity ratio of 0.11. Brady Co. has a 12 month low of $56.71 and a 12 month high of $77.68. The stock has a market cap of $3.45 billion, a P/E ratio of 17.76 and a beta of 0.76.

Brady (NYSE:BRC) last posted its quarterly earnings results on Friday, February 21st. The industrial products company reported $1.00 EPS 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 company had revenue of $356.68 million for the quarter, compared to analysts’ expectations of $359.21 million. During the same quarter in the prior year, the firm earned $0.93 earnings per share. As a group, sell-side analysts forecast that Brady Co. will post 4.55 EPS for the current fiscal year.

Brady Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 9th will be issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 1.33%. Brady’s dividend payout ratio is currently 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.