Lord Abbett & CO. LLC Trims Position in Brady Co. (NYSE:BRC)

Lord Abbett & CO. LLC trimmed its holdings in Brady Co. (NYSE:BRC) by 0.8% during the fourth quarter, Holdings Channel reports. The institutional investor owned 613,894 shares of the industrial products company’s stock after selling 4,947 shares during the period. Lord Abbett & CO. LLC’s holdings in Brady were worth $45,336,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Hancock Whitney Corp acquired a new position in Brady during the fourth quarter worth approximately $219,000. Tower Research Capital LLC TRC grew its position in Brady by 192.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 5,826 shares of the industrial products company’s stock valued at $430,000 after acquiring an additional 3,831 shares during the period. BI Asset Management Fondsmaeglerselskab A S increased its stake in Brady by 4.8% during the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 12,828 shares of the industrial products company’s stock worth $947,000 after acquiring an additional 586 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Brady by 0.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,443,594 shares of the industrial products company’s stock valued at $106,608,000 after purchasing an additional 7,258 shares in the last quarter. Finally, Champlain Investment Partners LLC acquired a new stake in Brady during the 4th quarter worth approximately $30,314,000. Institutional investors and hedge funds own 76.28% of the company’s stock.

Brady Trading Up 0.0 %

Shares of BRC stock opened at $69.05 on Friday. Brady Co. has a fifty-two week low of $58.32 and a fifty-two week high of $77.68. The firm’s 50 day moving average price is $69.80 and its two-hundred day moving average price is $72.67. The stock has a market cap of $3.30 billion, a price-to-earnings ratio of 16.97 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 (NYSE:BRC) last announced its quarterly earnings results on Friday, February 21st. The industrial products company reported $1.00 earnings per share for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.03). Brady had a return on equity of 19.79% and a net margin of 14.19%. The business had revenue of $356.68 million for the quarter, compared to analysts’ expectations of $359.21 million. During the same period last year, the company posted $0.93 earnings per share. On average, analysts anticipate that Brady Co. will post 4.55 EPS for the current year.

Brady Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 9th will be given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 1.39%. The ex-dividend date is Wednesday, April 9th. Brady’s dividend payout ratio (DPR) is presently 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.