Brady Co. (NYSE:BRC) Shares Sold by QRG Capital Management Inc.

QRG Capital Management Inc. decreased its position in Brady Co. (NYSE:BRC) by 1.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,626 shares of the industrial products company’s stock after selling 221 shares during the quarter. QRG Capital Management Inc.’s holdings in Brady were worth $1,302,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC raised its holdings in shares of Brady by 10,983.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,995 shares of the industrial products company’s stock valued at $153,000 after buying an additional 1,977 shares during the period. Atria Investments Inc grew its position in Brady by 59.3% in the 3rd quarter. Atria Investments Inc now owns 4,831 shares of the industrial products company’s stock valued at $370,000 after acquiring an additional 1,798 shares in the last quarter. Entropy Technologies LP purchased a new stake in Brady during the third quarter worth about $342,000. GSA Capital Partners LLP acquired a new stake in shares of Brady during the third quarter worth about $645,000. Finally, Chase Investment Counsel Corp purchased a new position in shares of Brady in the third quarter valued at approximately $356,000. 76.28% of the stock is currently owned by institutional investors and hedge funds.

Brady Trading Down 2.9 %

Shares of BRC stock opened at $70.40 on Tuesday. The stock has a market capitalization of $3.36 billion, a P/E ratio of 17.30 and a beta of 0.76. Brady Co. has a fifty-two week low of $56.71 and a fifty-two week high of $77.68. 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 company has a 50 day moving average price of $73.72 and a 200 day moving average price of $73.98.

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

Brady Announces Dividend

The business 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 1.36%. The ex-dividend date of this dividend is Wednesday, April 9th. Brady’s payout ratio 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.