Brady Co. (NYSE:BRC) Shares Sold by NewEdge Advisors LLC

NewEdge Advisors LLC decreased its holdings in Brady Co. (NYSE:BRC - Free Report) by 89.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 430 shares of the industrial products company's stock after selling 3,507 shares during the period. NewEdge Advisors LLC's holdings in Brady were worth $32,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of the stock. Nordea Investment Management AB boosted its holdings in Brady by 18.5% in the fourth quarter. Nordea Investment Management AB now owns 94,174 shares of the industrial products company's stock valued at $6,945,000 after purchasing an additional 14,702 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its holdings in shares of Brady by 18.2% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 177,324 shares of the industrial products company's stock worth $13,095,000 after purchasing an additional 27,293 shares during the period. KBC Group NV lifted its stake in shares of 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 acquiring an additional 818 shares during the period. Charles Schwab Investment Management Inc. lifted its position in Brady by 15.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 450,148 shares of the industrial products company's stock valued at $33,243,000 after purchasing an additional 59,752 shares during the period. Finally, Prentiss Smith & Co. Inc. boosted its holdings in Brady by 50.2% in the 4th quarter. Prentiss Smith & Co. Inc. now owns 54,509 shares of the industrial products company's stock valued at $4,025,000 after purchasing an additional 18,228 shares in the last quarter. Hedge funds and other institutional investors own 76.28% of the company's stock.

Brady Price Performance

Shares of BRC traded up $0.13 during mid-day trading on Friday, hitting $73.43. The company's stock had a trading volume of 87,675 shares, compared to its average volume of 246,114. 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 1-year low of $59.84 and a 1-year high of $77.68. The firm has a market capitalization of $3.51 billion, a P/E ratio of 18.04 and a beta of 0.86. The firm has a 50-day simple moving average of $69.55 and a 200 day simple moving average of $72.42.

Brady (NYSE:BRC - Get Free Report) last posted its quarterly earnings results on Friday, February 21st. The industrial products company reported $1.00 earnings per share for the quarter, missing analysts' consensus estimates of $1.03 by ($0.03). Brady had a return on equity of 19.79% and a net margin of 14.19%. The company had revenue of $356.68 million for the quarter, compared to analyst estimates of $359.21 million. During the same period last year, the company earned $0.93 earnings per share. Analysts predict that Brady Co. will post 4.55 EPS for the current fiscal year.

Brady Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 9th were paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 1.31%. The ex-dividend date was Wednesday, April 9th. Brady's dividend payout ratio (DPR) is 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.