Brady Co. (NYSE:BRC) Shares Sold by Geode Capital Management LLC

Geode Capital Management LLC trimmed its position in shares of Brady Co. (NYSE:BRC - Free Report) by 25.2% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 492,362 shares of the industrial products company's stock after selling 165,731 shares during the quarter. Geode Capital Management LLC owned approximately 1.03% of Brady worth $36,379,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC increased its stake in Brady by 213.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 461 shares of the industrial products company's stock worth $34,000 after acquiring an additional 314 shares during the last quarter. Principal Securities Inc. boosted its position in shares of Brady by 378.1% during the 4th quarter. Principal Securities Inc. now owns 655 shares of the industrial products company's stock worth $48,000 after purchasing an additional 518 shares during the period. Parkside Financial Bank & Trust raised its position in Brady by 19.1% in the fourth 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 period. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Brady in the fourth quarter valued at $96,000. Finally, KBC Group NV grew its holdings in shares of 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. 76.28% of the stock is owned by institutional investors and hedge funds.

Brady Stock Up 0.7 %

Brady stock traded up $0.49 during mid-day trading on Friday, reaching $67.43. 173,095 shares of the company's stock were exchanged, compared to its average volume of 248,709. The company has a quick ratio of 1.25, a current ratio of 1.84 and a debt-to-equity ratio of 0.11. Brady Co. has a twelve month low of $58.32 and a twelve month high of $77.68. The company has a market cap of $3.22 billion, a P/E ratio of 16.57 and a beta of 0.75. The company has a fifty day moving average of $70.32 and a 200-day moving average of $72.89.

Brady (NYSE:BRC - Get Free Report) last posted its quarterly earnings results on Friday, February 21st. The industrial products company reported $1.00 EPS for the quarter, missing the consensus estimate of $1.03 by ($0.03). The firm 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 last year, the firm earned $0.93 EPS. Sell-side analysts expect that Brady Co. will post 4.55 EPS for the current year.

Brady Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 9th will be issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 1.42%. The ex-dividend date of this dividend is Wednesday, April 9th. Brady's payout ratio is 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.