Brady Co. (NYSE:BRC) Shares Sold by Jupiter Asset Management Ltd.

Jupiter Asset Management Ltd. trimmed its stake in shares of Brady Co. (NYSE:BRC) by 17.6% during the 4th quarter, Holdings Channel reports. The fund owned 235,589 shares of the industrial products company’s stock after selling 50,462 shares during the quarter. Jupiter Asset Management Ltd.’s holdings in Brady were worth $17,398,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Smartleaf Asset Management LLC grew its holdings in Brady by 213.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 461 shares of the industrial products company’s stock worth $34,000 after acquiring an additional 314 shares during the period. Principal Securities Inc. grew its holdings in Brady by 378.1% during the fourth quarter. Principal Securities Inc. now owns 655 shares of the industrial products company’s stock worth $48,000 after acquiring an additional 518 shares during the period. Point72 DIFC Ltd grew its holdings in Brady by 161.4% during the third quarter. Point72 DIFC Ltd now owns 651 shares of the industrial products company’s stock worth $50,000 after acquiring an additional 402 shares during the period. Parkside Financial Bank & Trust grew its holdings in Brady by 19.1% during the fourth quarter. Parkside Financial Bank & Trust now owns 893 shares of the industrial products company’s stock worth $66,000 after acquiring an additional 143 shares during the period. Finally, Kohmann Bosshard Financial Services LLC acquired a new stake in Brady during the fourth quarter worth about $96,000. 76.28% of the stock is owned by institutional investors and hedge funds.

Brady Stock Down 0.9 %

Shares of BRC opened at $69.61 on Thursday. The company has a current ratio of 1.84, a quick ratio of 1.25 and a debt-to-equity ratio of 0.11. Brady Co. has a 12 month low of $56.81 and a 12 month high of $77.68. The stock’s 50 day moving average is $73.13 and its two-hundred day moving average is $73.87. The firm has a market cap of $3.33 billion, a P/E ratio of 17.10 and a beta of 0.72.

Brady (NYSE:BRC) last issued 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). Brady had a net margin of 14.19% and a return on equity of 19.79%. The business had revenue of $356.68 million during the quarter, compared to analyst estimates of $359.21 million. During the same period in the previous year, the business posted $0.93 earnings per share. Analysts predict that Brady Co. will post 4.55 earnings per share for the current fiscal year.

Brady Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 9th will be issued a $0.24 dividend. 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 currently 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.