Legal & General Group Plc decreased its stake in Brady Co. (NYSE:BRC - Free Report) by 3.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 118,855 shares of the industrial products company's stock after selling 4,625 shares during the quarter. Legal & General Group Plc owned approximately 0.25% of Brady worth $8,777,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in BRC. Vanguard Group Inc. raised its holdings in shares of Brady by 0.6% during 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 acquiring an additional 31,096 shares during the last quarter. FMR LLC lifted its stake in Brady by 40.4% during the fourth quarter. FMR LLC now owns 3,733,810 shares of the industrial products company's stock worth $275,742,000 after purchasing an additional 1,074,885 shares in the last quarter. Invesco Ltd. increased its stake in Brady by 9.7% during the fourth quarter. Invesco Ltd. now owns 686,923 shares of the industrial products company's stock worth $50,729,000 after purchasing an additional 60,737 shares during the period. Wellington Management Group LLP increased 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 period. Finally, Geode Capital Management LLC raised its position in shares of Brady by 7.4% during the 3rd quarter. Geode Capital Management LLC now owns 658,093 shares of the industrial products company's stock worth $50,445,000 after acquiring an additional 45,206 shares in the last quarter. Institutional investors and hedge funds own 76.28% of the company's stock.
Brady Stock Performance
NYSE:BRC traded up $1.42 during mid-day trading on Wednesday, reaching $69.35. 10,062 shares of the stock were exchanged, compared to its average volume of 262,675. 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 1 year low of $58.31 and a 1 year high of $77.68. The company has a 50 day simple moving average of $70.08 and a 200-day simple moving average of $72.78. The stock has a market capitalization of $3.31 billion, a P/E ratio of 17.04 and a beta of 0.75.
Brady (NYSE:BRC - Get Free Report) last announced its quarterly earnings data 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). 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 period in the prior year, the company earned $0.93 EPS. Analysts anticipate that Brady Co. will post 4.55 earnings per share for the current fiscal year.
Brady Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders 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 yield of 1.38%. The ex-dividend date of this dividend is Wednesday, April 9th. 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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