Man Group plc decreased its position in shares of Brady Co. (NYSE:BRC - Free Report) by 41.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 44,276 shares of the industrial products company's stock after selling 31,130 shares during the quarter. Man Group plc owned approximately 0.09% of Brady worth $3,270,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in Brady by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 5,215,225 shares of the industrial products company's stock worth $385,144,000 after buying an additional 31,096 shares in the last quarter. FMR LLC lifted its holdings in Brady by 40.4% during the 4th 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. Dimensional Fund Advisors LP lifted its holdings in Brady by 0.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,443,594 shares of the industrial products company's stock worth $106,608,000 after buying an additional 7,258 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in Brady by 2.0% during the 4th quarter. Renaissance Technologies LLC now owns 1,152,340 shares of the industrial products company's stock worth $85,100,000 after buying an additional 22,400 shares in the last quarter. Finally, Invesco Ltd. lifted 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 worth $50,729,000 after buying an additional 60,737 shares in the last quarter. Institutional investors and hedge funds own 76.28% of the company's stock.
Brady Trading Up 3.2%
Shares of NYSE:BRC traded up $2.18 during midday trading on Tuesday, hitting $70.94. The company had a trading volume of 276,079 shares, compared to its average volume of 245,117. Brady Co. has a 12 month low of $62.70 and a 12 month high of $77.68. The company has a current ratio of 1.84, a quick ratio of 1.25 and a debt-to-equity ratio of 0.11. The stock has a market cap of $3.36 billion, a price-to-earnings ratio of 17.43 and a beta of 0.86. The firm has a fifty day simple moving average of $69.94 and a 200 day simple moving average of $72.33.
Brady (NYSE:BRC - Get Free Report) last posted its quarterly earnings results on Friday, May 16th. The industrial products company reported $1.22 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.22. Brady had a return on equity of 19.79% and a net margin of 14.19%. The business had revenue of $382.59 million for the quarter, compared to analyst estimates of $386.61 million. During the same period last year, the company earned $1.09 EPS. The firm's revenue was up 11.4% on a year-over-year basis. On average, analysts predict that Brady Co. will post 4.55 EPS for the current year.
Brady Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Thursday, July 10th will be given a $0.24 dividend. The ex-dividend date is Thursday, July 10th. This represents a $0.96 annualized dividend and a dividend yield of 1.35%. Brady's dividend payout ratio is currently 23.76%.
Wall Street Analysts Forecast Growth
Separately, Sidoti raised Brady to a "strong-buy" rating in a report on Monday, May 19th.
Get Our Latest Research Report on BRC
Brady Company Profile
(
Free Report)
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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