Price T Rowe Associates Inc. MD Reduces Holdings in Brady Co. (NYSE:BRC)

Price T Rowe Associates Inc. MD lessened its stake in Brady Co. (NYSE:BRC - Free Report) by 7.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 49,331 shares of the industrial products company's stock after selling 4,057 shares during the quarter. Price T Rowe Associates Inc. MD owned 0.10% of Brady worth $3,644,000 at the end of the most recent quarter.

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

Brady Price Performance

Shares of NYSE:BRC traded up $0.16 during midday trading on Friday, reaching $73.46. The company's stock had a trading volume of 159,950 shares, compared to its average volume of 246,682. 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 fifty-two week low of $59.84 and a fifty-two week high of $77.68. The company has a market capitalization of $3.51 billion, a P/E ratio of 18.05 and a beta of 0.86. The business's fifty day simple moving average is $69.63 and its 200-day simple moving average is $72.42.

Brady (NYSE:BRC - Get Free Report) last issued its quarterly 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 business had revenue of $356.68 million for the quarter, compared to the consensus estimate 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 earned $0.93 earnings per share. As a group, equities research analysts expect that Brady Co. will post 4.55 EPS for the current fiscal year.

Brady Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 9th were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Wednesday, April 9th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.31%. Brady's dividend payout ratio (DPR) is presently 24.00%.

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.