Zurcher Kantonalbank Zurich Cantonalbank Purchases 983 Shares of Brady Co. (NYSE:BRC)

Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Brady Co. (NYSE:BRC) by 9.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,219 shares of the industrial products company’s stock after acquiring an additional 983 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Brady were worth $829,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in BRC. FMR LLC lifted its position in shares of Brady by 39.5% in the 3rd quarter. FMR LLC now owns 2,658,925 shares of the industrial products company’s stock worth $203,753,000 after purchasing an additional 753,092 shares during the period. BNP Paribas Financial Markets boosted its position in Brady by 1,121.9% during the 3rd quarter. BNP Paribas Financial Markets now owns 159,668 shares of the industrial products company’s stock valued at $12,235,000 after acquiring an additional 146,601 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of 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 acquiring an additional 59,752 shares during the period. Seizert Capital Partners LLC lifted its stake 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 worth $9,098,000 after purchasing an additional 59,666 shares during the last quarter. Finally, Thrivent Financial for Lutherans boosted its position in Brady by 38.6% during the third quarter. Thrivent Financial for Lutherans now owns 183,041 shares of the industrial products company’s stock valued at $14,026,000 after purchasing an additional 51,022 shares in the last quarter. 76.28% of the stock is owned by hedge funds and other institutional investors.

Brady Stock Performance

BRC stock opened at $71.37 on Friday. Brady Co. has a one year low of $57.70 and a one year high of $77.68. The firm has a market cap of $3.41 billion, a price-to-earnings ratio of 17.53 and a beta of 0.72. 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 firm has a 50-day simple moving average of $72.84 and a two-hundred day simple moving average of $73.77.

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

Brady Dividend Announcement

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 paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 1.35%. The ex-dividend date is Wednesday, April 9th. Brady’s dividend payout ratio (DPR) is presently 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.