Heartland Advisors Inc. Buys 7,252 Shares of Brady Co. (NYSE:BRC)

Heartland Advisors Inc. boosted its holdings in shares of Brady Co. (NYSE:BRC) by 6.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 119,227 shares of the industrial products company’s stock after buying an additional 7,252 shares during the period. Heartland Advisors Inc. owned approximately 0.25% of Brady worth $8,805,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also made changes to their positions in the company. FMR LLC raised its position in shares of Brady by 39.5% in the third quarter. FMR LLC now owns 2,658,925 shares of the industrial products company’s stock valued at $203,753,000 after buying an additional 753,092 shares during the last quarter. BNP Paribas Financial Markets lifted its position in Brady by 1,121.9% during the third quarter. BNP Paribas Financial Markets now owns 159,668 shares of the industrial products company’s stock worth $12,235,000 after buying an additional 146,601 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Brady by 15.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 450,148 shares of the industrial products company’s stock valued at $33,243,000 after buying an additional 59,752 shares in the last quarter. Seizert Capital Partners LLC boosted its position in shares of Brady by 93.9% during the 4th quarter. Seizert Capital Partners LLC now owns 123,196 shares of the industrial products company’s stock valued at $9,098,000 after acquiring an additional 59,666 shares during the last quarter. Finally, Royce & Associates LP grew its holdings in shares of Brady by 9.2% in the fourth quarter. Royce & Associates LP now owns 606,716 shares of the industrial products company’s stock valued at $44,806,000 after purchasing an additional 50,924 shares during the period. 76.28% of the stock is currently owned by institutional investors and hedge funds.

Brady Stock Performance

NYSE:BRC opened at $71.64 on Friday. The company’s 50-day moving average is $72.74 and its two-hundred day moving average is $73.71. Brady Co. has a 1-year low of $57.89 and a 1-year high of $77.68. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.84 and a quick ratio of 1.25. The firm has a market capitalization of $3.42 billion, a price-to-earnings ratio of 17.60 and a beta of 0.72.

Brady (NYSE:BRC) last posted 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 company had revenue of $356.68 million during the quarter, compared to analyst estimates of $359.21 million. During the same period in the previous year, the company earned $0.93 EPS. Analysts forecast that Brady Co. will post 4.55 EPS for the current year.

Brady Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 9th will be issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date of this dividend is Wednesday, April 9th. Brady’s dividend payout ratio (DPR) is 24.00%.

Brady Profile

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.