CANADA LIFE ASSURANCE Co Sells 5,204 Shares of Brady Co. (NYSE:BRC)

CANADA LIFE ASSURANCE Co lessened its holdings in shares of Brady Co. (NYSE:BRC - Free Report) by 7.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 68,536 shares of the industrial products company's stock after selling 5,204 shares during the quarter. CANADA LIFE ASSURANCE Co owned about 0.14% of Brady worth $5,058,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. FMR LLC lifted its holdings in shares of Brady by 40.4% in the fourth quarter. FMR LLC now owns 3,733,810 shares of the industrial products company's stock worth $275,742,000 after buying an additional 1,074,885 shares in the last quarter. Neuberger Berman Group LLC increased its holdings in shares of Brady by 6,379.9% in the fourth quarter. Neuberger Berman Group LLC now owns 544,375 shares of the industrial products company's stock worth $40,202,000 after purchasing an additional 535,974 shares during the last quarter. Champlain Investment Partners LLC bought a new position in Brady during the fourth quarter valued at approximately $30,314,000. Invesco Ltd. grew its holdings in Brady by 9.7% during the 4th quarter. Invesco Ltd. now owns 686,923 shares of the industrial products company's stock valued at $50,729,000 after buying an additional 60,737 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in Brady by 15.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 450,148 shares of the industrial products company's stock worth $33,243,000 after acquiring an additional 59,752 shares during the last quarter. 76.28% of the stock is currently owned by institutional investors.

Brady Price Performance

Shares of NYSE BRC traded up $0.08 during midday trading on Tuesday, reaching $69.64. 15,893 shares of the stock traded hands, compared to its average volume of 245,884. The company's 50 day moving average is $69.70 and its 200 day moving average is $72.61. Brady Co. has a one year low of $58.32 and a one year high of $77.68. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.84 and a quick ratio of 1.25. The stock has a market capitalization of $3.33 billion, a PE ratio of 17.13 and a beta of 0.75.

Brady (NYSE:BRC - Get Free Report) last issued its quarterly earnings data 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). The business had revenue of $356.68 million during the quarter, compared to analysts' expectations of $359.21 million. Brady had a return on equity of 19.79% and a net margin of 14.19%. During the same period in the previous year, the business earned $0.93 earnings per share. On average, equities research analysts anticipate that Brady Co. will post 4.55 earnings per share for the current year.

Brady Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 9th will be paid a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 1.38%. The ex-dividend date of this dividend is Wednesday, April 9th. Brady's payout ratio 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.