Cresset Asset Management LLC Has $2.24 Million Stake in Brady Co. (NYSE:BRC)

Cresset Asset Management LLC grew its position in Brady Co. (NYSE:BRC) by 2.3% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 30,279 shares of the industrial products company’s stock after purchasing an additional 688 shares during the quarter. Cresset Asset Management LLC’s holdings in Brady were worth $2,236,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Smartleaf Asset Management LLC raised its position in Brady by 213.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 461 shares of the industrial products company’s stock valued at $34,000 after purchasing an additional 314 shares in the last quarter. Principal Securities Inc. raised its holdings in shares of Brady by 378.1% during the 4th quarter. Principal Securities Inc. now owns 655 shares of the industrial products company’s stock worth $48,000 after buying an additional 518 shares in the last quarter. Parkside Financial Bank & Trust lifted its position in shares of Brady by 19.1% during the 4th quarter. Parkside Financial Bank & Trust now owns 893 shares of the industrial products company’s stock worth $66,000 after buying an additional 143 shares during the last quarter. Kohmann Bosshard Financial Services LLC acquired a new stake in Brady in the fourth quarter valued at about $96,000. Finally, KBC Group NV grew its position 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. Institutional investors own 76.28% of the company’s stock.

Brady Stock Up 0.2 %

BRC stock opened at $73.46 on Friday. The firm has a 50-day moving average price of $69.63 and a 200-day moving average price of $72.42. 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. The stock has a market capitalization of $3.51 billion, a P/E ratio of 18.05 and a beta of 0.86.

Brady (NYSE:BRC) last issued its earnings results on Friday, February 21st. The industrial products company reported $1.00 earnings per share 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 quarter in the prior year, the business earned $0.93 EPS. As a group, equities research analysts anticipate that Brady Co. will post 4.55 EPS for the current fiscal year.

Brady Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 9th were paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.31%. The ex-dividend date was Wednesday, April 9th. Brady’s payout ratio is 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.