T. Rowe Price Investment Management Inc. Sells 703,845 Shares of Brady Co. (NYSE:BRC)

T. Rowe Price Investment Management Inc. cut its stake in Brady Co. (NYSE:BRC - Free Report) by 40.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,017,797 shares of the industrial products company's stock after selling 703,845 shares during the period. T. Rowe Price Investment Management Inc. owned approximately 2.13% of Brady worth $75,165,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the company. Parkside Financial Bank & Trust grew its holdings in shares of Brady by 19.1% during the fourth quarter. Parkside Financial Bank & Trust now owns 893 shares of the industrial products company's stock worth $66,000 after buying an additional 143 shares in the last quarter. Atria Investments Inc boosted its position in Brady by 3.2% during the 4th quarter. Atria Investments Inc now owns 4,984 shares of the industrial products company's stock worth $368,000 after acquiring an additional 153 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in shares of Brady by 4.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,454 shares of the industrial products company's stock worth $255,000 after acquiring an additional 157 shares in the last quarter. Andina Capital Management LLC raised its holdings in shares of Brady by 3.2% in the fourth quarter. Andina Capital Management LLC now owns 5,718 shares of the industrial products company's stock valued at $422,000 after purchasing an additional 179 shares during the last quarter. Finally, Chase Investment Counsel Corp lifted its position in shares of Brady by 3.9% in the fourth quarter. Chase Investment Counsel Corp now owns 4,836 shares of the industrial products company's stock worth $357,000 after purchasing an additional 181 shares in the last quarter. Institutional investors own 76.28% of the company's stock.

Brady Stock Down 0.6 %

Brady stock traded down $0.43 during mid-day trading on Wednesday, reaching $69.78. The company's stock had a trading volume of 81,736 shares, compared to its average volume of 246,231. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.25 and a current ratio of 1.84. Brady Co. has a 12 month low of $58.32 and a 12 month high of $77.68. The business's 50 day simple moving average is $69.61 and its 200 day simple moving average is $72.60. The company has a market capitalization of $3.33 billion, a price-to-earnings ratio of 17.15 and a beta of 0.75.

Brady (NYSE:BRC - Get Free Report) last announced its quarterly earnings data on Friday, February 21st. The industrial products company reported $1.00 earnings per share for the quarter, missing the consensus estimate of $1.03 by ($0.03). Brady had a net margin of 14.19% and a return on equity of 19.79%. The company had revenue of $356.68 million during the quarter, compared to the consensus estimate of $359.21 million. During the same quarter in the previous year, the business earned $0.93 EPS. As a group, research analysts anticipate that Brady Co. will post 4.55 earnings per share for the current year.

Brady Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 9th will be given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date of this dividend is Wednesday, April 9th. 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.