Lord Abbett & CO. LLC Sells 4,947 Shares of Brady Co. (NYSE:BRC)

Lord Abbett & CO. LLC decreased its holdings in shares of Brady Co. (NYSE:BRC - Free Report) by 0.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 613,894 shares of the industrial products company's stock after selling 4,947 shares during the period. Lord Abbett & CO. LLC owned about 1.29% of Brady worth $45,336,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of BRC. Smartleaf Asset Management LLC grew its stake in shares of Brady by 213.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 461 shares of the industrial products company's stock valued at $34,000 after acquiring an additional 314 shares during the period. Principal Securities Inc. boosted its position in shares of Brady by 378.1% in the fourth quarter. Principal Securities Inc. now owns 655 shares of the industrial products company's stock worth $48,000 after purchasing an additional 518 shares during the period. Parkside Financial Bank & Trust increased its stake in shares of Brady by 19.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 893 shares of the industrial products company's stock worth $66,000 after purchasing an additional 143 shares in the last quarter. Kohmann Bosshard Financial Services LLC purchased a new position in shares of Brady during the 4th quarter valued at $96,000. Finally, KBC Group NV boosted its holdings in Brady by 84.2% in the 4th quarter. KBC Group NV now owns 1,789 shares of the industrial products company's stock worth $132,000 after buying an additional 818 shares during the period. Institutional investors own 76.28% of the company's stock.

Brady Price Performance

NYSE:BRC traded up $0.09 on Thursday, reaching $70.38. 32,265 shares of the company's stock traded hands, compared to its average volume of 246,136. The firm has a market cap of $3.36 billion, a PE ratio of 17.28 and a beta of 0.75. The company has a quick ratio of 1.25, a current ratio of 1.84 and a debt-to-equity ratio of 0.11. The stock has a 50-day simple moving average of $69.63 and a 200-day simple moving average of $72.58. Brady Co. has a 12 month low of $58.32 and a 12 month high of $77.68.

Brady (NYSE:BRC - Get Free Report) last released its earnings results on Friday, February 21st. The industrial products company reported $1.00 EPS for the quarter, missing the consensus estimate of $1.03 by ($0.03). The company 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 last year, the firm posted $0.93 EPS. Equities research analysts forecast that Brady Co. will post 4.55 earnings per share for the current year.

Brady Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Wednesday, April 9th were given a $0.24 dividend. The ex-dividend date of this dividend was Wednesday, April 9th. This represents a $0.96 annualized dividend and a yield of 1.36%. Brady's dividend payout ratio is currently 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.