Brady Co. (NYSE:BRC) Stock Position Cut by Acadian Asset Management LLC

Acadian Asset Management LLC lessened its stake in Brady Co. (NYSE:BRC) by 66.9% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 157,404 shares of the industrial products company’s stock after selling 318,336 shares during the period. Acadian Asset Management LLC owned 0.33% of Brady worth $9,323,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Parkside Financial Bank & Trust boosted its position in shares of Brady by 293.8% during the 4th quarter. Parkside Financial Bank & Trust now owns 575 shares of the industrial products company’s stock valued at $34,000 after purchasing an additional 429 shares in the last quarter. SYSTM Wealth Solutions LLC bought a new position in shares of Brady during the 1st quarter valued at about $35,000. Global Retirement Partners LLC lifted its stake in Brady by 1,107.4% during the first quarter. Global Retirement Partners LLC now owns 652 shares of the industrial products company’s stock valued at $39,000 after buying an additional 598 shares in the last quarter. AXS Investments LLC lifted its stake in Brady by 10.3% during the fourth quarter. AXS Investments LLC now owns 3,095 shares of the industrial products company’s stock valued at $182,000 after buying an additional 290 shares in the last quarter. Finally, Koshinski Asset Management Inc. purchased a new stake in Brady during the fourth quarter valued at about $208,000. Institutional investors own 76.28% of the company’s stock.

Brady Trading Up 0.3 %

BRC stock traded up $0.21 during mid-day trading on Friday, reaching $69.77. 271,173 shares of the stock traded hands, compared to its average volume of 234,055. The company has a current ratio of 2.06, a quick ratio of 1.45 and a debt-to-equity ratio of 0.06. Brady Co. has a 52-week low of $48.60 and a 52-week high of $70.83. The company has a market cap of $3.31 billion, a P/E ratio of 17.80, a P/E/G ratio of 2.19 and a beta of 0.77. The stock’s fifty day moving average is $65.78 and its 200-day moving average is $61.77.

Brady (NYSE:BRC) last posted its quarterly earnings data on Wednesday, May 22nd. The industrial products company reported $1.09 EPS for the quarter, beating analysts’ consensus estimates of $1.02 by $0.07. Brady had a net margin of 14.22% and a return on equity of 19.61%. The company had revenue of $343.40 million during the quarter, compared to analyst estimates of $339.80 million. During the same period in the prior year, the firm earned $0.95 earnings per share. The business’s quarterly revenue was up 1.9% on a year-over-year basis. As a group, sell-side analysts expect that Brady Co. will post 4.13 earnings per share for the current year.

Brady Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Wednesday, July 10th will be given a $0.235 dividend. This represents a $0.94 dividend on an annualized basis and a dividend yield of 1.35%. The ex-dividend date is Wednesday, July 10th. Brady’s dividend payout ratio (DPR) is 23.98%.

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.