Rhumbline Advisers Sells 423 Shares of Brady Co. (NYSE:BRC)

Rhumbline Advisers cut its position in shares of Brady Co. (NYSE:BRC) by 0.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 62,535 shares of the industrial products company’s stock after selling 423 shares during the quarter. Rhumbline Advisers owned about 0.13% of Brady worth $4,618,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Creative Planning increased its stake in shares of Brady by 1.9% in the 3rd quarter. Creative Planning now owns 10,472 shares of the industrial products company’s stock worth $802,000 after acquiring an additional 195 shares in the last quarter. Farther Finance Advisors LLC increased its position in Brady by 10,983.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,995 shares of the industrial products company’s stock valued at $153,000 after buying an additional 1,977 shares in the last quarter. Fort L.P. bought a new position in Brady during the 3rd quarter valued at approximately $220,000. QRG Capital Management Inc. raised its stake in Brady by 80.3% during the third quarter. QRG Capital Management Inc. now owns 17,847 shares of the industrial products company’s stock valued at $1,368,000 after buying an additional 7,949 shares during the last quarter. Finally, Atria Investments Inc boosted its holdings in Brady by 59.3% in the third quarter. Atria Investments Inc now owns 4,831 shares of the industrial products company’s stock worth $370,000 after acquiring an additional 1,798 shares in the last quarter. Institutional investors own 76.28% of the company’s stock.

Brady Price Performance

BRC opened at $72.91 on Friday. The firm has a market cap of $3.48 billion, a PE ratio of 17.91 and a beta of 0.76. 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 1 year low of $56.59 and a 1 year high of $77.68. The stock has a 50-day moving average price of $73.84 and a 200-day moving average price of $73.92.

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 firm had revenue of $356.68 million for the quarter, compared to analysts’ expectations of $359.21 million. During the same quarter in the previous year, the company earned $0.93 EPS. Sell-side analysts predict that Brady Co. will post 4.55 earnings per share for the current fiscal year.

Brady Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 9th will be issued a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.32%. Brady’s dividend payout ratio is currently 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.