Renaissance Technologies LLC Has $85.10 Million Stock Holdings in Brady Co. (NYSE:BRC)

Renaissance Technologies LLC grew its position in shares of Brady Co. (NYSE:BRC) by 2.0% during the 4th quarter, Holdings Channel reports. The institutional investor owned 1,152,340 shares of the industrial products company’s stock after buying an additional 22,400 shares during the quarter. Renaissance Technologies LLC’s holdings in Brady were worth $85,100,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently modified their holdings of BRC. Nordea Investment Management AB increased its position in Brady by 18.5% during the fourth quarter. Nordea Investment Management AB now owns 94,174 shares of the industrial products company’s stock worth $6,945,000 after acquiring an additional 14,702 shares during the period. Robeco Institutional Asset Management B.V. increased its holdings in shares of Brady by 18.2% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 177,324 shares of the industrial products company’s stock worth $13,095,000 after purchasing an additional 27,293 shares during the period. KBC Group NV raised its position in shares of 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 buying an additional 818 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Brady by 15.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 450,148 shares of the industrial products company’s stock valued at $33,243,000 after buying an additional 59,752 shares during the period. Finally, Prentiss Smith & Co. Inc. grew its position in Brady by 50.2% during the fourth quarter. Prentiss Smith & Co. Inc. now owns 54,509 shares of the industrial products company’s stock worth $4,025,000 after buying an additional 18,228 shares in the last quarter. Institutional investors own 76.28% of the company’s stock.

Brady Price Performance

Shares of NYSE BRC opened at $64.37 on Wednesday. The business has a fifty day moving average price of $71.55 and a two-hundred day moving average price of $73.36. The stock has a market capitalization of $3.08 billion, a PE ratio of 15.82 and a beta of 0.75. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.84 and a quick ratio of 1.25. Brady Co. has a fifty-two week low of $57.89 and a fifty-two week high of $77.68.

Brady (NYSE:BRC) last posted its quarterly earnings results on Friday, February 21st. The industrial products company reported $1.00 EPS for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.03). Brady had a net margin of 14.19% and a return on equity of 19.79%. The company had revenue of $356.68 million during the quarter, compared to analyst estimates of $359.21 million. During the same period last year, the firm 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 1.49%. Brady’s dividend payout ratio (DPR) is 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.