Thrivent Financial for Lutherans trimmed its holdings in shares of Brady Co. (NYSE:BRC - Free Report) by 21.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 144,318 shares of the industrial products company's stock after selling 38,723 shares during the period. Thrivent Financial for Lutherans owned about 0.30% of Brady worth $10,658,000 as of its most recent SEC filing.
Several other hedge funds have also recently added to or reduced their stakes in the business. Nordea Investment Management AB boosted its holdings in shares of Brady by 18.5% in the fourth quarter. Nordea Investment Management AB now owns 94,174 shares of the industrial products company's stock worth $6,945,000 after buying an additional 14,702 shares during the period. Robeco Institutional Asset Management B.V. boosted its stake in Brady by 18.2% in the 4th 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 boosted its stake 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 purchasing an additional 818 shares during the period. Charles Schwab Investment Management Inc. grew its position in Brady by 15.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 450,148 shares of the industrial products company's stock worth $33,243,000 after purchasing an additional 59,752 shares in the last quarter. Finally, Prentiss Smith & Co. Inc. raised its stake in Brady by 50.2% during 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 during the period. Institutional investors and hedge funds own 76.28% of the company's stock.
Brady Stock Up 1.2 %
Shares of Brady stock traded up $0.84 during midday trading on Wednesday, hitting $71.50. The company's stock had a trading volume of 249,644 shares, compared to its average volume of 235,871. The firm has a market capitalization of $3.42 billion, a P/E ratio of 17.57 and a beta of 0.72. Brady Co. has a 1-year low of $57.89 and a 1-year high of $77.68. 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 $72.80 and a 200-day simple moving average of $73.74.
Brady (NYSE:BRC - Get Free Report) last announced its quarterly earnings data on Friday, February 21st. The industrial products company reported $1.00 EPS for the quarter, missing analysts' consensus estimates of $1.03 by ($0.03). The business had revenue of $356.68 million for the quarter, compared to analyst estimates of $359.21 million. Brady had a return on equity of 19.79% and a net margin of 14.19%. During the same quarter in the previous year, the business posted $0.93 earnings per share. As a group, sell-side analysts expect that Brady Co. will post 4.55 earnings per share for the current year.
Brady Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 9th will be paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.34%. The ex-dividend date is Wednesday, April 9th. Brady's dividend payout ratio (DPR) is currently 24.00%.
Brady Profile
(
Free Report)
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.
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