Prudential Financial Inc. Decreases Stake in Brady Co. (NYSE:BRC)

Prudential Financial Inc. reduced its holdings in shares of Brady Co. (NYSE:BRC) by 4.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 41,777 shares of the industrial products company’s stock after selling 2,145 shares during the quarter. Prudential Financial Inc. owned 0.09% of Brady worth $3,085,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the business. Smartleaf Asset Management LLC boosted its holdings in shares of Brady by 213.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 461 shares of the industrial products company’s stock valued at $34,000 after acquiring an additional 314 shares during the last quarter. Point72 DIFC Ltd lifted its position in Brady by 161.4% during the third quarter. Point72 DIFC Ltd now owns 651 shares of the industrial products company’s stock valued at $50,000 after purchasing an additional 402 shares during the period. Principal Securities Inc. boosted its holdings in Brady by 378.1% in the fourth quarter. Principal Securities Inc. now owns 655 shares of the industrial products company’s stock worth $48,000 after purchasing an additional 518 shares during the last quarter. Parkside Financial Bank & Trust grew its position in Brady by 19.1% in the 4th quarter. Parkside Financial Bank & Trust now owns 893 shares of the industrial products company’s stock worth $66,000 after purchasing an additional 143 shares during the period. Finally, Kohmann Bosshard Financial Services LLC purchased a new stake in Brady during the 4th quarter valued at $96,000. 76.28% of the stock is owned by hedge funds and other institutional investors.

Brady Stock Performance

BRC stock opened at $72.44 on Thursday. The company has a market cap of $3.46 billion, a P/E ratio of 17.80 and a beta of 0.72. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.84 and a quick ratio of 1.25. Brady Co. has a 1 year low of $57.89 and a 1 year high of $77.68. The stock’s fifty day moving average price is $72.50 and its 200-day moving average price is $73.66.

Brady (NYSE:BRC) last released its quarterly earnings results on Friday, February 21st. The industrial products company reported $1.00 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.03). Brady had a net margin of 14.19% and a return on equity of 19.79%. The firm had revenue of $356.68 million for the quarter, compared to the consensus estimate of $359.21 million. During the same quarter in the prior year, the firm earned $0.93 earnings per share. On average, equities analysts forecast that Brady Co. will post 4.55 earnings per share for the current year.

Brady Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 9th will be paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 1.33%. The ex-dividend date of this dividend is Wednesday, April 9th. Brady’s dividend payout ratio is presently 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.