Bank of New York Mellon Corp Sells 26,986 Shares of Brady Co. (NYSE:BRC)

Bank of New York Mellon Corp reduced its holdings in Brady Co. (NYSE:BRC - Free Report) by 7.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 335,322 shares of the industrial products company's stock after selling 26,986 shares during the quarter. Bank of New York Mellon Corp owned about 0.70% of Brady worth $24,764,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in BRC. Principal Securities Inc. increased its stake in shares of Brady by 378.1% in the 4th quarter. Principal Securities Inc. now owns 655 shares of the industrial products company's stock valued at $48,000 after acquiring an additional 518 shares in the last quarter. Point72 DIFC Ltd grew its holdings in Brady by 161.4% in the third quarter. Point72 DIFC Ltd now owns 651 shares of the industrial products company's stock worth $50,000 after purchasing an additional 402 shares during the period. KBC Group NV increased its stake in Brady by 84.2% in the fourth quarter. KBC Group NV now owns 1,789 shares of the industrial products company's stock valued at $132,000 after purchasing an additional 818 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Brady by 10.5% during the fourth quarter. GAMMA Investing LLC now owns 1,938 shares of the industrial products company's stock valued at $143,000 after purchasing an additional 184 shares during the period. Finally, Farther Finance Advisors LLC boosted its position in shares of Brady by 10,983.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,995 shares of the industrial products company's stock worth $153,000 after purchasing an additional 1,977 shares in the last quarter. 76.28% of the stock is owned by institutional investors and hedge funds.

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Brady Stock Down 1.6 %

BRC stock traded down $1.10 during trading on Thursday, reaching $68.63. 187,537 shares of the stock were exchanged, compared to its average volume of 247,010. The firm's 50 day moving average is $73.13 and its 200 day moving average is $73.87. The firm has a market cap of $3.28 billion, a P/E ratio of 16.86 and a beta of 0.72. 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 twelve month low of $56.81 and a twelve month high of $77.68.

Brady (NYSE:BRC - Get Free Report) last issued its 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 firm had revenue of $356.68 million for the quarter, compared to analyst estimates of $359.21 million. During the same period in the previous year, the company earned $0.93 earnings per share. As a group, research analysts forecast that Brady Co. will post 4.55 EPS for the current year.

Brady Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 9th will be given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 1.40%. The ex-dividend date is Wednesday, April 9th. Brady's payout ratio is presently 24.00%.

Brady Company 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.