O Shaughnessy Asset Management LLC Sells 5,426 Shares of Brady Co. (NYSE:BRC)

O Shaughnessy Asset Management LLC decreased its holdings in shares of Brady Co. (NYSE:BRC - Free Report) by 29.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,989 shares of the industrial products company's stock after selling 5,426 shares during the quarter. O Shaughnessy Asset Management LLC's holdings in Brady were worth $959,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of BRC. Parkside Financial Bank & Trust increased its stake in shares of Brady by 19.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 893 shares of the industrial products company's stock worth $66,000 after purchasing an additional 143 shares during the period. Atria Investments Inc increased its position in Brady by 3.2% in the 4th quarter. Atria Investments Inc now owns 4,984 shares of the industrial products company's stock worth $368,000 after buying an additional 153 shares during the period. PNC Financial Services Group Inc. lifted its holdings in shares of Brady by 4.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,454 shares of the industrial products company's stock worth $255,000 after buying an additional 157 shares during the last quarter. Andina Capital Management LLC boosted its position in shares of Brady by 3.2% in the fourth quarter. Andina Capital Management LLC now owns 5,718 shares of the industrial products company's stock valued at $422,000 after acquiring an additional 179 shares during the period. Finally, Chase Investment Counsel Corp grew its stake in shares of Brady by 3.9% in the fourth quarter. Chase Investment Counsel Corp now owns 4,836 shares of the industrial products company's stock worth $357,000 after acquiring an additional 181 shares during the last quarter. Institutional investors own 76.28% of the company's stock.

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Brady Stock Performance

NYSE BRC traded up $0.54 during midday trading on Friday, hitting $67.61. The company had a trading volume of 162,066 shares, compared to its average volume of 250,230. The firm has a fifty day simple moving average of $70.99 and a two-hundred day simple moving average of $73.15. Brady Co. has a fifty-two week low of $57.89 and a fifty-two week 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 market cap of $3.23 billion, a price-to-earnings ratio of 16.61 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 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 period in the previous year, the business posted $0.93 EPS. Equities analysts forecast that Brady Co. will post 4.55 earnings per share for the current fiscal year.

Brady Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 9th will be paid a $0.24 dividend. The ex-dividend date of this dividend is Wednesday, April 9th. This represents a $0.96 annualized dividend and a dividend yield of 1.42%. 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.