Ameriprise Financial Inc. Sells 26,882 Shares of Brady Co. (NYSE:BRC)

Ameriprise Financial Inc. cut its position in Brady Co. (NYSE:BRC - Free Report) by 15.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 142,488 shares of the industrial products company's stock after selling 26,882 shares during the quarter. Ameriprise Financial Inc. owned 0.30% of Brady worth $10,523,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the company. Algert Global LLC raised its holdings in Brady by 5.7% in the 4th quarter. Algert Global LLC now owns 172,690 shares of the industrial products company's stock valued at $12,753,000 after buying an additional 9,354 shares during the last quarter. Ariel Investments LLC lifted its holdings in shares of Brady by 6.1% during the fourth quarter. Ariel Investments LLC now owns 3,840 shares of the industrial products company's stock worth $284,000 after purchasing an additional 220 shares during the period. Mercer Global Advisors Inc. ADV grew its stake in shares of Brady by 8.8% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 8,622 shares of the industrial products company's stock worth $637,000 after purchasing an additional 697 shares during the last quarter. AQR Capital Management LLC increased its holdings in Brady by 11.5% in the fourth quarter. AQR Capital Management LLC now owns 67,652 shares of the industrial products company's stock valued at $4,996,000 after purchasing an additional 6,954 shares during the period. Finally, Northern Trust Corp raised its position in Brady by 15.8% during the 4th quarter. Northern Trust Corp now owns 213,320 shares of the industrial products company's stock worth $15,754,000 after purchasing an additional 29,051 shares during the last quarter. 76.28% of the stock is owned by institutional investors and hedge funds.

Brady Trading Down 0.1%

NYSE BRC opened at $71.43 on Tuesday. The firm has a market capitalization of $3.41 billion, a PE ratio of 17.55 and a beta of 0.86. The business's 50-day moving average price is $70.06 and its two-hundred day moving average price is $72.50. The company has a current ratio of 1.84, a quick ratio of 1.25 and a debt-to-equity ratio of 0.11. Brady Co. has a 12 month low of $59.84 and a 12 month high of $77.68.

Brady (NYSE:BRC - Get Free Report) last posted its quarterly earnings data on Friday, May 16th. The industrial products company reported $1.22 EPS for the quarter, hitting analysts' consensus estimates of $1.22. Brady had a return on equity of 19.79% and a net margin of 14.19%. The company had revenue of $382.59 million for the quarter, compared to analyst estimates of $386.61 million. During the same period in the previous year, the firm earned $1.09 earnings per share. The firm's quarterly revenue was up 11.4% on a year-over-year basis. On average, analysts expect that Brady Co. will post 4.55 EPS for the current year.

Brady Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Thursday, July 10th will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Thursday, July 10th. This represents a $0.96 dividend on an annualized basis and a yield of 1.34%. Brady's dividend payout ratio (DPR) is currently 24.00%.

Brady Company 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.

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