Russell Investments Group Ltd. Sells 2,026 Shares of Brady Co. (NYSE:BRC)

Russell Investments Group Ltd. trimmed its stake in Brady Co. (NYSE:BRC) by 3.9% in the fourth quarter, HoldingsChannel reports. The firm owned 49,566 shares of the industrial products company’s stock after selling 2,026 shares during the period. Russell Investments Group Ltd.’s holdings in Brady were worth $3,660,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BRC. Smartleaf Asset Management LLC grew its stake in shares of Brady by 213.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 461 shares of the industrial products company’s stock valued at $34,000 after buying an additional 314 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 acquiring an additional 518 shares in the last quarter. Parkside Financial Bank & Trust grew its stake in Brady by 19.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 893 shares of the industrial products company’s stock valued at $66,000 after acquiring an additional 143 shares during the period. Kohmann Bosshard Financial Services LLC bought a new stake in shares of Brady during the fourth quarter valued at approximately $96,000. Finally, KBC Group NV increased its holdings in shares of Brady by 84.2% during the fourth quarter. KBC Group NV now owns 1,789 shares of the industrial products company’s stock valued at $132,000 after acquiring an additional 818 shares in the last quarter. 76.28% of the stock is owned by institutional investors.

Brady Price Performance

Shares of BRC opened at $67.05 on Thursday. The business’s fifty day moving average is $70.58 and its 200 day moving average is $73.00. Brady Co. has a 12-month low of $58.00 and a 12-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. The stock has a market cap of $3.20 billion, a P/E ratio of 16.47 and a beta of 0.75.

Brady (NYSE:BRC) last released its quarterly earnings data on Friday, February 21st. The industrial products company reported $1.00 earnings per share 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 return on equity of 19.79% and a net margin of 14.19%. During the same quarter in the previous year, the company posted $0.93 EPS. Sell-side analysts anticipate that Brady Co. will post 4.55 earnings per share for the current fiscal year.

Brady Announces Dividend

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 issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date is Wednesday, April 9th. Brady’s dividend 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.