T. Rowe Price Investment Management Inc. Lowers Stock Holdings in Brady Co. (NYSE:BRC)

T. Rowe Price Investment Management Inc. decreased its holdings in Brady Co. (NYSE:BRC - Free Report) by 40.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,017,797 shares of the industrial products company's stock after selling 703,845 shares during the quarter. T. Rowe Price Investment Management Inc. owned about 2.13% of Brady worth $75,165,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. FMR LLC lifted its stake in shares of 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 buying an additional 1,074,885 shares during the period. Neuberger Berman Group LLC lifted its position in Brady by 6,379.9% during the 4th quarter. Neuberger Berman Group LLC now owns 544,375 shares of the industrial products company's stock worth $40,202,000 after acquiring an additional 535,974 shares during the period. Champlain Investment Partners LLC acquired a new stake in Brady during the 4th quarter worth about $30,314,000. Invesco Ltd. grew its stake in 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. increased its holdings in shares of Brady by 15.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 450,148 shares of the industrial products company's stock valued at $33,243,000 after purchasing an additional 59,752 shares during the period. 76.28% of the stock is currently owned by hedge funds and other institutional investors.

Brady Stock Performance

Shares of Brady stock traded up $0.76 on Tuesday, reaching $70.32. 170,886 shares of the stock were exchanged, compared to its average volume of 246,472. The business has a 50 day moving average price of $69.70 and a two-hundred day moving average price of $72.61. The firm has a market capitalization of $3.36 billion, a price-to-earnings ratio of 17.28 and a beta of 0.75. Brady Co. has a twelve month low of $58.32 and a twelve month 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.

Brady (NYSE:BRC - Get Free Report) last announced its quarterly earnings data 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 business had revenue of $356.68 million for the quarter, compared to analyst estimates of $359.21 million. Brady had a net margin of 14.19% and a return on equity of 19.79%. During the same quarter in the previous year, the firm posted $0.93 earnings per share. Analysts anticipate 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. Shareholders of record on Wednesday, April 9th will be paid 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 dividend yield of 1.37%. Brady's 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.