Lazard Asset Management LLC cut its stake in Brady Co. (NYSE:BRC - Free Report) by 15.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 85,424 shares of the industrial products company's stock after selling 15,340 shares during the period. Lazard Asset Management LLC owned about 0.18% of Brady worth $6,307,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also modified their holdings of the stock. Barclays PLC lifted its holdings in shares of Brady by 535.4% during the third quarter. Barclays PLC now owns 23,733 shares of the industrial products company's stock valued at $1,818,000 after acquiring an additional 19,998 shares during the period. SG Americas Securities LLC bought a new stake in Brady during the fourth quarter worth about $236,000. Exchange Traded Concepts LLC grew its stake in Brady by 4.3% during the fourth quarter. Exchange Traded Concepts LLC now owns 24,696 shares of the industrial products company's stock worth $1,824,000 after buying an additional 1,012 shares during the last quarter. Andina Capital Management LLC increased its holdings in shares of Brady by 3.2% during the fourth quarter. Andina Capital Management LLC now owns 5,718 shares of the industrial products company's stock worth $422,000 after buying an additional 179 shares in the last quarter. Finally, Blue Trust Inc. raised its stake in shares of Brady by 64.1% in the fourth quarter. Blue Trust Inc. now owns 6,986 shares of the industrial products company's stock valued at $535,000 after acquiring an additional 2,729 shares during the last quarter. Institutional investors own 76.28% of the company's stock.
Brady Price Performance
NYSE BRC traded down $0.09 during trading hours on Monday, reaching $71.43. 183,715 shares of the company's stock were exchanged, compared to its average volume of 247,326. The firm has a fifty day moving average of $70.03 and a 200-day moving average of $72.50. Brady Co. has a one year low of $59.84 and a one year high of $77.68. The stock has a market cap of $3.41 billion, a PE ratio of 17.55 and a beta of 0.86. 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 (NYSE:BRC - Get Free Report) last issued 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 net margin of 14.19% and a return on equity of 19.79%. The firm had revenue of $382.59 million for the quarter, compared to analyst estimates of $386.61 million. During the same quarter in the prior year, the firm earned $1.09 EPS. The company's revenue was up 11.4% on a year-over-year basis. On average, equities research analysts predict that Brady Co. will post 4.55 earnings per share for the current fiscal year.
Brady Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Thursday, July 10th will be paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 1.34%. The ex-dividend date of this dividend is Thursday, July 10th. Brady's dividend payout ratio (DPR) is presently 24.00%.
About Brady
(
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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