Brady Co. (NYSE:BRC) Shares Sold by Man Group plc

Man Group plc lowered its stake in Brady Co. (NYSE:BRC - Free Report) by 41.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,276 shares of the industrial products company's stock after selling 31,130 shares during the period. Man Group plc owned about 0.09% of Brady worth $3,270,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of BRC. FMR LLC raised its position in Brady by 40.4% in the 4th quarter. FMR LLC now owns 3,733,810 shares of the industrial products company's stock valued at $275,742,000 after purchasing an additional 1,074,885 shares in the last quarter. Neuberger Berman Group LLC raised its position in Brady by 6,379.9% in the 4th quarter. Neuberger Berman Group LLC now owns 544,375 shares of the industrial products company's stock valued at $40,202,000 after purchasing an additional 535,974 shares in the last quarter. Champlain Investment Partners LLC acquired a new stake in Brady in the 4th quarter valued at about $30,314,000. Clark Capital Management Group Inc. acquired a new stake in Brady in the 4th quarter valued at about $7,713,000. Finally, Balyasny Asset Management L.P. raised its position in Brady by 183.0% in the 4th quarter. Balyasny Asset Management L.P. now owns 96,171 shares of the industrial products company's stock valued at $7,102,000 after purchasing an additional 62,191 shares in the last quarter. Institutional investors and hedge funds own 76.28% of the company's stock.

Brady Stock Down 1.2%

Shares of NYSE BRC traded down $0.87 during midday trading on Friday, hitting $68.96. 166,295 shares of the company's stock were exchanged, compared to its average volume of 244,979. 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 twelve month low of $62.70 and a twelve month high of $77.68. The company has a market cap of $3.29 billion, a PE ratio of 16.94 and a beta of 0.86. The firm's fifty day simple moving average is $70.01 and its 200-day simple moving average is $72.44.

Brady (NYSE:BRC - Get Free Report) last issued its earnings results on Friday, May 16th. The industrial products company reported $1.22 earnings per share 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 quarter last year, the company earned $1.09 EPS. The business's quarterly revenue was up 11.4% on a year-over-year basis. Research analysts predict that Brady Co. will post 4.55 EPS for the current fiscal year.

Brady Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Thursday, July 10th will be issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date is Thursday, July 10th. Brady's payout ratio is currently 23.76%.

Wall Street Analyst Weigh In

Separately, Sidoti raised Brady to a "strong-buy" rating in a research report on Monday, May 19th.

About Brady

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.