Moran Wealth Management LLC Reduces Stock Position in Brady Co. (NYSE:BRC)

Moran Wealth Management LLC trimmed its holdings in Brady Co. (NYSE:BRC) by 0.3% in the 4th quarter, HoldingsChannel reports. The fund owned 83,133 shares of the industrial products company’s stock after selling 216 shares during the quarter. Moran Wealth Management LLC’s holdings in Brady were worth $6,139,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC grew its position in Brady by 213.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 461 shares of the industrial products company’s stock worth $34,000 after acquiring an additional 314 shares during the period. Point72 DIFC Ltd grew its position in Brady by 161.4% in the third quarter. Point72 DIFC Ltd now owns 651 shares of the industrial products company’s stock worth $50,000 after acquiring an additional 402 shares during the period. Principal Securities Inc. grew its position in Brady by 378.1% in the fourth quarter. Principal Securities Inc. now owns 655 shares of the industrial products company’s stock worth $48,000 after acquiring an additional 518 shares during the period. Parkside Financial Bank & Trust grew its position in 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 acquiring an additional 143 shares during the period. Finally, Kohmann Bosshard Financial Services LLC purchased a new position in Brady in the fourth quarter worth approximately $96,000. 76.28% of the stock is currently owned by hedge funds and other institutional investors.

Brady Trading Down 0.7 %

Shares of Brady stock opened at $71.08 on Tuesday. The firm has a market capitalization of $3.40 billion, a price-to-earnings ratio of 17.46 and a beta of 0.72. 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 stock has a 50 day moving average of $73.28 and a 200 day moving average of $73.92.

Brady (NYSE:BRC) last released 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). 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 analysts’ expectations of $359.21 million. During the same quarter in the prior year, the business earned $0.93 earnings per share. As a group, research analysts predict that Brady Co. will post 4.55 earnings per share for the current year.

Brady Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 9th will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Wednesday, April 9th. This represents a $0.96 annualized dividend and a dividend yield of 1.35%. Brady’s dividend payout ratio is currently 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.