Corebridge Financial Inc. Has $115,000 Position in Brady Co. (NYSE:BRC)

Corebridge Financial Inc. lessened its position in Brady Co. (NYSE:BRC) by 10.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,553 shares of the industrial products company’s stock after selling 174 shares during the period. Corebridge Financial Inc.’s holdings in Brady were worth $115,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Stifel Financial Corp increased its stake in shares of Brady by 0.4% in the third quarter. Stifel Financial Corp now owns 54,396 shares of the industrial products company’s stock valued at $4,168,000 after buying an additional 197 shares in the last quarter. Barclays PLC grew its holdings in Brady by 535.4% during the 3rd quarter. Barclays PLC now owns 23,733 shares of the industrial products company’s stock worth $1,818,000 after acquiring an additional 19,998 shares during the last quarter. Geode Capital Management LLC increased its position in Brady by 7.4% in the 3rd quarter. Geode Capital Management LLC now owns 658,093 shares of the industrial products company’s stock valued at $50,445,000 after acquiring an additional 45,206 shares in the last quarter. Tidal Investments LLC raised its stake in shares of Brady by 13.3% in the third quarter. Tidal Investments LLC now owns 24,931 shares of the industrial products company’s stock worth $1,910,000 after acquiring an additional 2,934 shares during the last quarter. Finally, Lord Abbett & CO. LLC lifted its position in shares of Brady by 2.9% during the third quarter. Lord Abbett & CO. LLC now owns 618,841 shares of the industrial products company’s stock worth $47,422,000 after purchasing an additional 17,682 shares in the last quarter. Institutional investors own 76.28% of the company’s stock.

Brady Price Performance

Brady stock opened at $68.36 on Tuesday. The stock has a market cap of $3.27 billion, a price-to-earnings ratio of 16.80 and a beta of 0.75. The company has a quick ratio of 1.25, a current ratio of 1.84 and a debt-to-equity ratio of 0.11. Brady Co. has a 12-month low of $57.89 and a 12-month high of $77.68. The business’s 50-day simple moving average is $70.86 and its 200 day simple moving average is $73.08.

Brady (NYSE:BRC) last released its quarterly earnings data on Friday, February 21st. The industrial products company reported $1.00 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 company had revenue of $356.68 million during the quarter, compared to the consensus estimate of $359.21 million. During the same quarter in the prior year, the company posted $0.93 EPS. As a group, research analysts anticipate that Brady Co. will post 4.55 earnings per share for the current year.

Brady Announces Dividend

The firm also recently declared 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. The ex-dividend date is Wednesday, April 9th. This represents a $0.96 annualized dividend and a dividend yield of 1.40%. Brady’s dividend payout ratio (DPR) is currently 24.00%.

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.