Atria Investments Inc Acquires 153 Shares of Brady Co. (NYSE:BRC)

Atria Investments Inc boosted its holdings in Brady Co. (NYSE:BRC) by 3.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,984 shares of the industrial products company’s stock after purchasing an additional 153 shares during the period. Atria Investments Inc’s holdings in Brady were worth $368,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Nordea Investment Management AB grew its position in Brady by 18.5% in the fourth 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 in the last quarter. Robeco Institutional Asset Management B.V. lifted its stake in Brady by 18.2% in the fourth 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 acquiring an additional 27,293 shares during the last quarter. KBC Group NV lifted its stake in Brady by 84.2% in the fourth quarter. KBC Group NV now owns 1,789 shares of the industrial products company’s stock valued at $132,000 after acquiring an additional 818 shares during the last quarter. Prentiss Smith & Co. Inc. lifted its stake in Brady by 50.2% in the fourth quarter. Prentiss Smith & Co. Inc. now owns 54,509 shares of the industrial products company’s stock valued at $4,025,000 after acquiring an additional 18,228 shares during the last quarter. Finally, GSA Capital Partners LLP acquired a new stake in Brady in the third quarter valued at $645,000. Institutional investors own 76.28% of the company’s stock.

Brady Stock Performance

Shares of BRC stock opened at $70.79 on Monday. The stock has a market cap of $3.38 billion, a P/E ratio of 17.39 and a beta of 0.72. 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 company has a fifty day moving average price of $72.97 and a two-hundred day moving average price of $73.82. Brady Co. has a one year low of $56.81 and a one year high of $77.68.

Brady (NYSE:BRC) last posted its earnings results on Friday, February 21st. The industrial products company reported $1.00 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.03). The company had revenue of $356.68 million for the quarter, compared to analyst estimates of $359.21 million. 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 business posted $0.93 EPS. As a group, equities analysts predict that Brady Co. will post 4.55 EPS for the current year.

Brady Dividend Announcement

The company also recently announced 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 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.