Cannell & Spears LLC Has $6.46 Million Position in Brady Co. (NYSE:BRC)

Cannell & Spears LLC raised its position in Brady Co. (NYSE:BRC) by 77.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 87,447 shares of the industrial products company’s stock after buying an additional 38,035 shares during the quarter. Cannell & Spears LLC owned 0.18% of Brady worth $6,458,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC grew its stake in shares of Brady by 213.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 461 shares of the industrial products company’s stock valued at $34,000 after acquiring an additional 314 shares in the last quarter. Principal Securities Inc. increased its holdings in shares of Brady by 378.1% during the fourth quarter. Principal Securities Inc. now owns 655 shares of the industrial products company’s stock worth $48,000 after purchasing an additional 518 shares during the period. Point72 DIFC Ltd raised its position in shares of Brady by 161.4% in the third quarter. Point72 DIFC Ltd now owns 651 shares of the industrial products company’s stock valued at $50,000 after buying an additional 402 shares in the last quarter. Parkside Financial Bank & Trust boosted its stake 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 valued at $66,000 after buying an additional 143 shares during the period. Finally, Kohmann Bosshard Financial Services LLC acquired a new stake in Brady during the fourth quarter worth approximately $96,000. Institutional investors own 76.28% of the company’s stock.

Brady Price Performance

Shares of NYSE BRC opened at $70.67 on Tuesday. The stock has a market capitalization of $3.38 billion, a PE ratio of 17.36 and a beta of 0.72. Brady Co. has a fifty-two week low of $57.89 and a fifty-two week 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 business has a fifty day moving average price of $72.62 and a two-hundred day moving average price of $73.69.

Brady (NYSE:BRC) last posted its quarterly earnings data 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). Brady had a return on equity of 19.79% and a net margin of 14.19%. The firm had revenue of $356.68 million for the quarter, compared to the consensus estimate of $359.21 million. During the same period in the prior year, the company earned $0.93 EPS. As a group, equities analysts predict that Brady Co. will post 4.55 earnings per share for the current fiscal year.

Brady Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 9th will be paid a $0.24 dividend. The ex-dividend date is Wednesday, April 9th. This represents a $0.96 dividend on an annualized basis and a yield of 1.36%. Brady’s dividend payout ratio (DPR) is 24.00%.

Brady Company 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.