Brady Co. (NYSE:BRC) Position Decreased by Wilmington Savings Fund Society FSB

Wilmington Savings Fund Society FSB reduced its holdings in Brady Co. (NYSE:BRC) by 3.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 92,403 shares of the industrial products company’s stock after selling 2,946 shares during the quarter. Wilmington Savings Fund Society FSB owned 0.19% of Brady worth $6,824,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Nordea Investment Management AB increased its holdings in shares of Brady by 18.5% in the fourth quarter. Nordea Investment Management AB now owns 94,174 shares of the industrial products company’s stock valued at $6,945,000 after buying an additional 14,702 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its holdings in shares of Brady by 18.2% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 177,324 shares of the industrial products company’s stock worth $13,095,000 after acquiring an additional 27,293 shares during the last quarter. Royce & Associates LP raised its position in shares of Brady by 27.1% during the third quarter. Royce & Associates LP now owns 555,792 shares of the industrial products company’s stock worth $42,590,000 after purchasing an additional 118,557 shares during the period. Prentiss Smith & Co. Inc. lifted its holdings in shares of Brady by 50.2% during the fourth quarter. Prentiss Smith & Co. Inc. now owns 54,509 shares of the industrial products company’s stock valued at $4,025,000 after purchasing an additional 18,228 shares during the last quarter. Finally, GSA Capital Partners LLP acquired a new position in shares of Brady in the 3rd quarter valued at $645,000. 76.28% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded Brady from a “strong-buy” rating to a “buy” rating in a report on Friday, October 11th.

Brady Stock Down 2.8 %

Shares of NYSE:BRC opened at $73.08 on Friday. The firm has a 50 day simple moving average of $74.47 and a 200 day simple moving average of $73.66. Brady Co. has a 52 week low of $56.09 and a 52 week high of $77.68. 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 company has a market cap of $3.49 billion, a PE ratio of 17.95 and a beta of 0.76.

Brady (NYSE:BRC) last issued its quarterly earnings results on Monday, November 18th. The industrial products company reported $1.12 earnings per share for the quarter, beating analysts’ consensus estimates of $1.10 by $0.02. The business had revenue of $377.10 million for the quarter, compared to the consensus estimate of $365.88 million. Brady had a return on equity of 19.79% and a net margin of 14.19%. Brady’s revenue for the quarter was up 13.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.00 earnings per share. As a group, research analysts expect that Brady Co. will post 4.55 earnings per share for the current year.

Brady Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Friday, January 10th were issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 1.31%. The ex-dividend date was Friday, January 10th. Brady’s dividend payout ratio is currently 23.59%.

Brady Company 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.