RBF Capital LLC Has $2.95 Million Stock Position in Brady Co. (NYSE:BRC)

RBF Capital LLC reduced its stake in Brady Co. (NYSE:BRC - Free Report) by 11.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 40,000 shares of the industrial products company's stock after selling 5,000 shares during the quarter. RBF Capital LLC owned approximately 0.08% of Brady worth $2,954,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in BRC. FMR LLC grew its holdings 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 valued at $275,742,000 after acquiring an additional 1,074,885 shares in the last quarter. Neuberger Berman Group LLC grew its stake in Brady by 6,379.9% in the 4th quarter. Neuberger Berman Group LLC now owns 544,375 shares of the industrial products company's stock valued at $40,202,000 after purchasing an additional 535,974 shares during the period. Champlain Investment Partners LLC purchased a new stake in shares of Brady during the 4th quarter valued at $30,314,000. Invesco Ltd. increased its position in shares of 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 last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Brady by 15.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 450,148 shares of the industrial products company's stock worth $33,243,000 after purchasing an additional 59,752 shares during the period. Institutional investors own 76.28% of the company's stock.

Brady Price Performance

BRC opened at $68.00 on Wednesday. Brady Co. has a fifty-two week low of $58.32 and a fifty-two week high of $77.68. The firm has a 50-day moving average of $70.08 and a 200 day moving average of $72.78. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.25 and a current ratio of 1.84. The firm has a market cap of $3.25 billion, a P/E ratio of 16.71 and a beta of 0.75.

Brady (NYSE:BRC - Get Free Report) last posted 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). Brady had a return on equity of 19.79% and a net margin of 14.19%. The company had revenue of $356.68 million for the quarter, compared to analysts' expectations of $359.21 million. During the same quarter in the prior year, the company earned $0.93 EPS. On average, research analysts expect that Brady Co. will post 4.55 EPS for the current year.

Brady Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 9th will be issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.41%. 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.

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