Connor Clark & Lunn Investment Management Ltd. reduced its holdings in Brady Co. (NYSE:BRC - Free Report) by 84.7% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,854 shares of the industrial products company's stock after selling 26,836 shares during the period. Connor Clark & Lunn Investment Management Ltd.'s holdings in Brady were worth $358,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also recently made changes to their positions in the business. Smartleaf Asset Management LLC lifted its position in Brady by 213.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 461 shares of the industrial products company's stock worth $34,000 after buying an additional 314 shares during the last quarter. Principal Securities Inc. lifted its holdings 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 worth $48,000 after acquiring an additional 518 shares during the last quarter. Point72 DIFC Ltd boosted its stake in shares of Brady by 161.4% during the 3rd 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. Parkside Financial Bank & Trust grew its holdings in Brady by 19.1% during the 4th quarter. Parkside Financial Bank & Trust now owns 893 shares of the industrial products company's stock valued at $66,000 after purchasing an additional 143 shares during the last quarter. Finally, Kohmann Bosshard Financial Services LLC purchased a new stake in Brady in the 4th quarter worth about $96,000. 76.28% of the stock is currently owned by institutional investors.
Brady Trading Up 0.1 %
Shares of NYSE:BRC traded up $0.05 during trading hours on Thursday, hitting $71.64. 194,770 shares of the company's stock traded hands, compared to its average volume of 281,215. The firm has a market capitalization of $3.42 billion, a P/E ratio of 17.60 and a beta of 0.72. The business has a fifty day moving average price of $72.78 and a 200-day moving average price of $73.72. Brady Co. has a 1 year low of $57.89 and a 1 year high of $77.68. 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 (NYSE:BRC - Get Free Report) last posted its quarterly earnings data on Friday, February 21st. The industrial products company reported $1.00 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.03 by ($0.03). Brady had a net margin of 14.19% and a return on equity of 19.79%. The business had revenue of $356.68 million for the quarter, compared to analysts' expectations of $359.21 million. During the same quarter in the previous year, the firm earned $0.93 EPS. Equities analysts expect that Brady Co. will post 4.55 earnings per share for the current year.
Brady Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 9th will be issued a dividend of $0.24 per share. The ex-dividend date of this dividend is Wednesday, April 9th. This represents a $0.96 dividend on an annualized basis and a yield of 1.34%. Brady's payout ratio is 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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