Geode Capital Management LLC Sells 165,731 Shares of Brady Co. (NYSE:BRC)

Geode Capital Management LLC lessened its stake in shares of Brady Co. (NYSE:BRC) by 25.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 492,362 shares of the industrial products company’s stock after selling 165,731 shares during the quarter. Geode Capital Management LLC owned 1.03% of Brady worth $36,379,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of BRC. Cannell & Spears LLC boosted its stake in shares of Brady by 77.0% in the 4th quarter. Cannell & Spears LLC now owns 87,447 shares of the industrial products company’s stock valued at $6,458,000 after purchasing an additional 38,035 shares in the last quarter. Wellington Management Group LLP grew its stake in Brady by 4.1% during the fourth quarter. Wellington Management Group LLP now owns 674,593 shares of the industrial products company’s stock worth $49,819,000 after buying an additional 26,769 shares during the last quarter. Heartland Advisors Inc. increased its holdings in shares of Brady by 6.5% during the fourth quarter. Heartland Advisors Inc. now owns 119,227 shares of the industrial products company’s stock worth $8,805,000 after buying an additional 7,252 shares in the last quarter. New Age Alpha Advisors LLC acquired a new position in shares of Brady in the 4th quarter worth approximately $156,000. Finally, IQ EQ FUND MANAGEMENT IRELAND Ltd acquired a new stake in Brady during the 4th quarter valued at $279,000. Institutional investors and hedge funds own 76.28% of the company’s stock.

Brady Price Performance

Brady stock opened at $67.25 on Wednesday. Brady Co. has a 52 week low of $57.89 and a 52 week high of $77.68. The firm has a market cap of $3.21 billion, a P/E ratio of 16.52 and a beta of 0.75. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.25 and a current ratio of 1.84. The business’s fifty day moving average is $70.70 and its two-hundred day moving average is $73.04.

Brady (NYSE:BRC) last posted 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). 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 analyst estimates of $359.21 million. During the same quarter in the previous year, the business posted $0.93 EPS. Equities research analysts forecast 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. Stockholders of record on Wednesday, April 9th will be issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 1.43%. The ex-dividend date of this dividend is Wednesday, April 9th. Brady’s dividend payout ratio (DPR) is presently 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.