Fox Run Management L.L.C. Buys 4,052 Shares of Brady Co. (NYSE:BRC)

Fox Run Management L.L.C. grew its stake in shares of Brady Co. (NYSE:BRC) by 134.6% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,062 shares of the industrial products company’s stock after acquiring an additional 4,052 shares during the period. Fox Run Management L.L.C.’s holdings in Brady were worth $522,000 at the end of the most recent quarter.

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

Brady Price Performance

Shares of BRC opened at $70.70 on Wednesday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.25 and a current ratio of 1.84. The company has a 50 day moving average price of $72.80 and a 200-day moving average price of $73.74. Brady Co. has a fifty-two week low of $57.89 and a fifty-two week high of $77.68. The stock has a market capitalization of $3.38 billion, a PE ratio of 17.37 and a beta of 0.72.

Brady (NYSE:BRC) last announced its earnings results on Friday, February 21st. The industrial products company reported $1.00 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.03 by ($0.03). The company had revenue of $356.68 million for the quarter, compared to the consensus estimate of $359.21 million. Brady had a net margin of 14.19% and a return on equity of 19.79%. During the same period last year, the business posted $0.93 EPS. Equities analysts predict that Brady Co. will post 4.55 earnings per share for the current fiscal year.

Brady Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 9th will be given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date of this dividend is Wednesday, April 9th. Brady’s 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.