Jupiter Asset Management Ltd. Decreases Stock Position in Brady Co. (NYSE:BRC)

Jupiter Asset Management Ltd. cut its holdings in Brady Co. (NYSE:BRC) by 17.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 235,589 shares of the industrial products company’s stock after selling 50,462 shares during the quarter. Jupiter Asset Management Ltd. owned about 0.49% of Brady worth $17,398,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC raised its stake in Brady by 213.6% in the fourth 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 last quarter. Principal Securities Inc. raised its stake in Brady by 378.1% in the fourth quarter. Principal Securities Inc. now owns 655 shares of the industrial products company’s stock valued at $48,000 after buying an additional 518 shares during the last quarter. Point72 DIFC Ltd raised its stake in Brady by 161.4% in the third quarter. Point72 DIFC Ltd now owns 651 shares of the industrial products company’s stock valued at $50,000 after buying an additional 402 shares during the last quarter. Parkside Financial Bank & Trust raised its stake in shares of Brady by 19.1% in the fourth 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 last quarter. Finally, Kohmann Bosshard Financial Services LLC purchased a new position in shares of Brady in the fourth quarter worth about $96,000. 76.28% of the stock is currently owned by hedge funds and other institutional investors.

Brady Trading Down 0.9 %

Shares of NYSE:BRC opened at $69.61 on Thursday. Brady Co. has a 52-week low of $56.81 and a 52-week high of $77.68. The stock has a market cap of $3.33 billion, a price-to-earnings ratio of 17.10 and a beta of 0.72. 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 business has a 50-day moving average price of $73.13 and a 200-day moving average price of $73.87.

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

Brady Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 9th will be paid a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 1.38%. The ex-dividend date of this dividend is Wednesday, April 9th. Brady’s payout ratio is 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.