State of New Jersey Common Pension Fund D Buys 3,034 Shares of Brady Co. (NYSE:BRC)

State of New Jersey Common Pension Fund D raised its stake in Brady Co. (NYSE:BRC) by 11.2% during the 4th quarter, Holdings Channel reports. The fund owned 30,143 shares of the industrial products company’s stock after acquiring an additional 3,034 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Brady were worth $2,226,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently bought and sold shares of the stock. FMR LLC raised its holdings in Brady by 39.5% in the 3rd quarter. FMR LLC now owns 2,658,925 shares of the industrial products company’s stock valued at $203,753,000 after acquiring an additional 753,092 shares during the period. Geode Capital Management LLC increased its holdings in shares of Brady by 7.4% during the third quarter. Geode Capital Management LLC now owns 658,093 shares of the industrial products company’s stock worth $50,445,000 after purchasing an additional 45,206 shares during the period. Lord Abbett & CO. LLC increased its holdings in shares of Brady by 2.9% during the third quarter. Lord Abbett & CO. LLC now owns 618,841 shares of the industrial products company’s stock worth $47,422,000 after purchasing an additional 17,682 shares during the period. Royce & Associates LP increased its holdings in shares of Brady by 27.1% during the third quarter. Royce & Associates LP now owns 555,792 shares of the industrial products company’s stock worth $42,590,000 after purchasing an additional 118,557 shares during the period. Finally, Allspring Global Investments Holdings LLC increased its holdings in shares of Brady by 0.4% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 480,924 shares of the industrial products company’s stock worth $35,516,000 after purchasing an additional 1,867 shares during the period. 76.28% of the stock is owned by institutional investors.

Brady Stock Down 6.6 %

Shares of BRC opened at $69.65 on Friday. Brady Co. has a 12 month low of $56.09 and a 12 month high of $77.68. The firm’s 50 day moving average is $74.06 and its 200-day moving average is $73.81. The stock has a market capitalization of $3.33 billion, a PE ratio of 17.11 and a beta of 0.76. The company has a current ratio of 1.84, a quick ratio of 1.25 and a debt-to-equity ratio of 0.11.

Brady (NYSE:BRC) last announced its 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 return on equity of 19.79% and a net margin of 14.19%. During the same quarter in the prior year, the firm earned $0.93 EPS. Equities research analysts forecast that Brady Co. will post 4.55 EPS for the current year.

Brady Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Friday, January 10th were given a dividend of $0.24 per share. The ex-dividend date was Friday, January 10th. This represents a $0.96 annualized dividend and a dividend yield of 1.38%. Brady’s dividend payout ratio is 23.59%.

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.