Brady Co. (NYSE:BRC) Shares Sold by Janus Henderson Group PLC

Janus Henderson Group PLC cut its stake in Brady Co. (NYSE:BRC) by 1.0% during the 4th quarter, HoldingsChannel reports. The fund owned 640,426 shares of the industrial products company’s stock after selling 6,659 shares during the period. Janus Henderson Group PLC’s holdings in Brady were worth $47,295,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Parkside Financial Bank & Trust increased its position in shares of Brady by 19.1% in the 4th 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. Atria Investments Inc increased its holdings in Brady by 3.2% in the fourth quarter. Atria Investments Inc now owns 4,984 shares of the industrial products company’s stock valued at $368,000 after buying an additional 153 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in Brady by 4.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,454 shares of the industrial products company’s stock valued at $255,000 after buying an additional 157 shares in the last quarter. Andina Capital Management LLC raised its stake in Brady by 3.2% during the fourth quarter. Andina Capital Management LLC now owns 5,718 shares of the industrial products company’s stock valued at $422,000 after buying an additional 179 shares in the last quarter. Finally, Chase Investment Counsel Corp lifted its holdings in Brady by 3.9% during the 4th quarter. Chase Investment Counsel Corp now owns 4,836 shares of the industrial products company’s stock worth $357,000 after buying an additional 181 shares during the last quarter. 76.28% of the stock is currently owned by institutional investors.

Brady Price Performance

Shares of BRC opened at $74.92 on Wednesday. Brady Co. has a 52 week low of $59.84 and a 52 week high of $77.68. The company has a current ratio of 1.84, a quick ratio of 1.25 and a debt-to-equity ratio of 0.11. The firm has a market cap of $3.58 billion, a price-to-earnings ratio of 18.41 and a beta of 0.86. The stock has a 50 day moving average of $69.84 and a 200-day moving average of $72.45.

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 for the quarter, compared to the consensus estimate of $359.21 million. During the same quarter last year, the business earned $0.93 earnings per share. As a group, analysts forecast that Brady Co. will post 4.55 EPS for the current year.

Brady Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 9th were issued a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 1.28%. The ex-dividend date of this dividend was 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.