22,300 Shares in Brady Co. (NYSE:BRC) Bought by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System acquired a new position in Brady Co. (NYSE:BRC – Get Rating) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 22,300 shares of the industrial products company’s stock, valued at approximately $931,000.

Other large investors also recently modified their holdings of the company. Quent Capital LLC purchased a new position in Brady during the second quarter valued at $25,000. Lazard Asset Management LLC lifted its position in Brady by 14.4% during the first quarter. Lazard Asset Management LLC now owns 2,232 shares of the industrial products company’s stock valued at $103,000 after purchasing an additional 281 shares in the last quarter. Point72 Hong Kong Ltd lifted its position in Brady by 740.0% during the first quarter. Point72 Hong Kong Ltd now owns 2,814 shares of the industrial products company’s stock valued at $130,000 after purchasing an additional 2,479 shares in the last quarter. Captrust Financial Advisors lifted its position in Brady by 55.8% during the first quarter. Captrust Financial Advisors now owns 3,372 shares of the industrial products company’s stock valued at $156,000 after purchasing an additional 1,208 shares in the last quarter. Finally, KBC Group NV purchased a new position in Brady during the second quarter valued at $196,000. Institutional investors own 77.57% of the company’s stock.

Brady Price Performance

Shares of Brady stock opened at $47.01 on Thursday. The stock’s 50-day simple moving average is $46.96 and its 200-day simple moving average is $46.00. Brady Co. has a 52 week low of $40.52 and a 52 week high of $55.05. The company has a market capitalization of $2.35 billion, a price-to-earnings ratio of 15.51, a PEG ratio of 2.04 and a beta of 0.77. The company has a quick ratio of 1.26, a current ratio of 2.07 and a debt-to-equity ratio of 0.11.

Brady (NYSE:BRC – Get Rating) last announced its quarterly earnings data on Thursday, November 17th. The industrial products company reported $0.84 EPS for the quarter, beating the consensus estimate of $0.81 by $0.03. Brady had a return on equity of 18.03% and a net margin of 11.85%. The business had revenue of $322.57 million for the quarter. As a group, analysts expect that Brady Co. will post 3.3 earnings per share for the current fiscal year.

Brady Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 31st. Investors of record on Tuesday, January 10th will be given a $0.23 dividend. The ex-dividend date of this dividend is Monday, January 9th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.96%. Brady’s dividend payout ratio is currently 30.36%.

Analyst Ratings Changes

Several equities analysts recently weighed in on BRC shares. Bank of America lowered their target price on Brady from $48.00 to $44.00 in a research report on Thursday, October 13th. StockNews.com started coverage on Brady in a research report on Wednesday, October 12th. They set a “buy” rating on the stock.

Brady Profile

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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. It operates through two segments, IDS and WPS. The IDS segment 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.