CANADA LIFE ASSURANCE Co Sells 5,204 Shares of Brady Co. (NYSE:BRC)

CANADA LIFE ASSURANCE Co trimmed its stake in shares of Brady Co. (NYSE:BRC - Free Report) by 7.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 68,536 shares of the industrial products company's stock after selling 5,204 shares during the quarter. CANADA LIFE ASSURANCE Co owned approximately 0.14% of Brady worth $5,058,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in BRC. Vanguard Group Inc. increased its holdings in Brady by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 5,215,225 shares of the industrial products company's stock valued at $385,144,000 after purchasing an additional 31,096 shares during the period. FMR LLC lifted its stake in shares of Brady by 40.4% in the fourth quarter. FMR LLC now owns 3,733,810 shares of the industrial products company's stock worth $275,742,000 after acquiring an additional 1,074,885 shares during the period. Renaissance Technologies LLC boosted its holdings in Brady by 2.0% in the fourth quarter. Renaissance Technologies LLC now owns 1,152,340 shares of the industrial products company's stock valued at $85,100,000 after acquiring an additional 22,400 shares during the last quarter. Invesco Ltd. increased its position in Brady by 9.7% during the 4th quarter. Invesco Ltd. now owns 686,923 shares of the industrial products company's stock valued at $50,729,000 after purchasing an additional 60,737 shares during the period. Finally, Wellington Management Group LLP raised its holdings in Brady by 4.1% during the 4th quarter. Wellington Management Group LLP now owns 674,593 shares of the industrial products company's stock worth $49,819,000 after purchasing an additional 26,769 shares during the last quarter. Institutional investors own 76.28% of the company's stock.

Brady Trading Up 0.0 %

BRC traded up $0.03 during trading on Friday, hitting $69.05. The company's stock had a trading volume of 110,834 shares, compared to its average volume of 247,273. 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 firm has a market capitalization of $3.30 billion, a P/E ratio of 16.97 and a beta of 0.75. The stock's fifty day moving average price is $69.80 and its 200-day moving average price is $72.66. Brady Co. has a twelve month low of $58.32 and a twelve month high of $77.68.

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

Brady Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 9th will be issued a dividend of $0.24 per share. The ex-dividend date is Wednesday, April 9th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.39%. Brady's dividend payout ratio is currently 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.