Diversified Trust Co Purchases 4,833 Shares of Brady Co. (NYSE:BRC)

Diversified Trust Co boosted its holdings in shares of Brady Co. (NYSE:BRC) by 86.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,423 shares of the industrial products company’s stock after acquiring an additional 4,833 shares during the period. Diversified Trust Co’s holdings in Brady were worth $770,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Commonwealth Equity Services LLC bought a new stake in Brady during the 2nd quarter worth approximately $219,000. TD Asset Management Inc raised its holdings in shares of Brady by 55.3% during the second quarter. TD Asset Management Inc now owns 71,900 shares of the industrial products company’s stock worth $4,747,000 after acquiring an additional 25,600 shares during the period. Arizona State Retirement System lifted its position in Brady by 1.9% in the 2nd quarter. Arizona State Retirement System now owns 12,540 shares of the industrial products company’s stock valued at $828,000 after acquiring an additional 230 shares in the last quarter. Quest Partners LLC acquired a new position in Brady in the 2nd quarter worth $119,000. Finally, DekaBank Deutsche Girozentrale increased its holdings in Brady by 23.5% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 560,274 shares of the industrial products company’s stock worth $36,631,000 after purchasing an additional 106,652 shares in the last quarter. 76.28% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered Brady from a “strong-buy” rating to a “buy” rating in a report on Friday, October 11th.

Brady Price Performance

Shares of BRC opened at $73.69 on Friday. The company has a quick ratio of 1.25, a current ratio of 1.84 and a debt-to-equity ratio of 0.11. Brady Co. has a twelve month low of $56.09 and a twelve month high of $77.68. The stock has a market capitalization of $3.52 billion, a P/E ratio of 18.11 and a beta of 0.77. The company has a 50 day moving average of $74.39 and a 200-day moving average of $72.56.

Brady (NYSE:BRC) last released its earnings results on Monday, November 18th. The industrial products company reported $1.12 earnings per share for the quarter, beating analysts’ consensus estimates of $1.10 by $0.02. Brady had a net margin of 14.19% and a return on equity of 19.79%. The business had revenue of $377.10 million during the quarter, compared to the consensus estimate of $365.88 million. During the same quarter last year, the firm earned $1.00 earnings per share. The firm’s revenue for the quarter was up 13.6% compared to the same quarter last year. As a group, equities research analysts forecast that Brady Co. will post 4.55 EPS for the current fiscal year.

Brady Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 10th will be paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date is Friday, January 10th. Brady’s dividend payout ratio is currently 23.59%.

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.