Northern Trust Corp Acquires 29,051 Shares of Brady Co. (NYSE:BRC)

Northern Trust Corp grew its holdings in shares of Brady Co. (NYSE:BRC) by 15.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 213,320 shares of the industrial products company’s stock after purchasing an additional 29,051 shares during the quarter. Northern Trust Corp’s holdings in Brady were worth $15,754,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Parkside Financial Bank & Trust boosted its holdings in shares of Brady by 19.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 893 shares of the industrial products company’s stock worth $66,000 after acquiring an additional 143 shares during the period. Atria Investments Inc grew its holdings in Brady by 3.2% during the 4th quarter. Atria Investments Inc now owns 4,984 shares of the industrial products company’s stock valued at $368,000 after buying an additional 153 shares in the last quarter. PNC Financial Services Group Inc. increased its position in shares of Brady by 4.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,454 shares of the industrial products company’s stock valued at $255,000 after buying an additional 157 shares during the period. Andina Capital Management LLC lifted its holdings in shares of Brady by 3.2% in the fourth quarter. Andina Capital Management LLC now owns 5,718 shares of the industrial products company’s stock worth $422,000 after buying an additional 179 shares in the last quarter. Finally, Chase Investment Counsel Corp boosted its position in shares of Brady by 3.9% in the fourth quarter. Chase Investment Counsel Corp now owns 4,836 shares of the industrial products company’s stock valued at $357,000 after acquiring an additional 181 shares during the period. 76.28% of the stock is owned by institutional investors.

Brady Price Performance

Shares of NYSE:BRC opened at $74.35 on Thursday. The company has a 50 day moving average of $69.89 and a 200 day moving average of $72.47. The stock has a market cap of $3.55 billion, a P/E ratio of 18.27 and a beta of 0.86. Brady Co. has a 12 month low of $59.84 and a 12 month high of $77.68. 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 issued its quarterly earnings data 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). The firm had revenue of $356.68 million for the quarter, compared to analysts’ expectations of $359.21 million. Brady had a net margin of 14.19% and a return on equity of 19.79%. During the same period in the prior year, the firm posted $0.93 EPS. As a group, sell-side analysts forecast that Brady Co. will post 4.55 EPS for the current fiscal year.

Brady Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Wednesday, April 9th were given a $0.24 dividend. The ex-dividend date of this dividend was Wednesday, April 9th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.29%. Brady’s dividend payout ratio (DPR) is presently 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.