Fox Run Management L.L.C. Increases Stock Holdings in Brady Co. (NYSE:BRC)

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

A number of other large investors have also modified their holdings of the business. Smartleaf Asset Management LLC raised its position in shares of Brady by 213.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 461 shares of the industrial products company’s stock valued at $34,000 after purchasing an additional 314 shares during the last quarter. Point72 DIFC Ltd raised its holdings in shares of Brady by 161.4% in the third quarter. Point72 DIFC Ltd now owns 651 shares of the industrial products company’s stock worth $50,000 after buying an additional 402 shares during the last quarter. Principal Securities Inc. grew its holdings in shares of Brady by 378.1% during the fourth quarter. Principal Securities Inc. now owns 655 shares of the industrial products company’s stock valued at $48,000 after buying an additional 518 shares during the last quarter. Parkside Financial Bank & Trust increased its position in shares of Brady by 19.1% in the 4th quarter. Parkside Financial Bank & Trust now owns 893 shares of the industrial products company’s stock valued at $66,000 after acquiring an additional 143 shares during the period. Finally, Kohmann Bosshard Financial Services LLC purchased a new position in Brady in the 4th quarter worth $96,000. Hedge funds and other institutional investors own 76.28% of the company’s stock.

Brady Stock Down 1.6 %

Brady stock opened at $70.70 on Wednesday. The business’s 50-day simple moving average is $72.80 and its two-hundred day simple moving average is $73.74. 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 market cap of $3.38 billion, a PE ratio of 17.37 and a beta of 0.72. Brady Co. has a fifty-two week low of $57.89 and a fifty-two week high of $77.68.

Brady (NYSE:BRC) last issued its earnings results on Friday, February 21st. The industrial products company reported $1.00 EPS for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.03). Brady had a net margin of 14.19% and a return on equity of 19.79%. 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 prior year, the company earned $0.93 EPS. Equities analysts anticipate that Brady Co. will post 4.55 EPS for the current year.

Brady Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 9th will be issued a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.36%. The ex-dividend date is Wednesday, April 9th. Brady’s payout ratio is 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.