Brady Co. (NYSE:BRC) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC lowered its stake in Brady Co. (NYSE:BRC) by 1.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,279 shares of the industrial products company’s stock after selling 305 shares during the quarter. Yousif Capital Management LLC’s holdings in Brady were worth $1,202,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. FMR LLC boosted its stake in Brady by 39.5% during the third quarter. FMR LLC now owns 2,658,925 shares of the industrial products company’s stock valued at $203,753,000 after buying an additional 753,092 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Brady by 7.4% in the third quarter. Geode Capital Management LLC now owns 658,093 shares of the industrial products company’s stock worth $50,445,000 after acquiring an additional 45,206 shares in the last quarter. Lord Abbett & CO. LLC raised its position in Brady by 2.9% during the third quarter. Lord Abbett & CO. LLC now owns 618,841 shares of the industrial products company’s stock valued at $47,422,000 after buying an additional 17,682 shares during the period. Royce & Associates LP lifted its position in shares of Brady by 27.1% in 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 in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its holdings in shares of Brady by 20.8% during the third quarter. Allspring Global Investments Holdings LLC now owns 479,057 shares of the industrial products company’s stock worth $36,710,000 after purchasing an additional 82,438 shares during the period. Institutional investors own 76.28% of the company’s stock.

Brady Stock Up 1.1 %

Brady stock opened at $73.62 on Friday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.25 and a current ratio of 1.84. Brady Co. has a twelve month low of $56.09 and a twelve month high of $77.68. The firm’s 50 day moving average price is $74.33 and its two-hundred day moving average price is $73.72. The firm has a market cap of $3.52 billion, a PE ratio of 18.09 and a beta of 0.76.

Brady (NYSE:BRC) last announced its quarterly earnings results on Monday, November 18th. The industrial products company reported $1.12 EPS for the quarter, topping the consensus estimate of $1.10 by $0.02. Brady had a net margin of 14.19% and a return on equity of 19.79%. The company had revenue of $377.10 million for the quarter, compared to analyst estimates of $365.88 million. During the same quarter in the prior year, the business posted $1.00 EPS. Brady’s quarterly revenue was up 13.6% on a year-over-year basis. On average, research analysts predict that Brady Co. will post 4.55 EPS for the current fiscal year.

Brady Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Friday, January 10th were issued a $0.24 dividend. The ex-dividend date of this dividend was Friday, January 10th. This represents a $0.96 annualized dividend and a yield of 1.30%. Brady’s dividend payout ratio (DPR) 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.