Dean Investment Associates LLC Sells 10,712 Shares of Brady Co. (NYSE:BRC)

Dean Investment Associates LLC lessened its holdings in shares of Brady Co. (NYSE:BRC) by 31.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 23,739 shares of the industrial products company’s stock after selling 10,712 shares during the period. Dean Investment Associates LLC’s holdings in Brady were worth $1,753,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of BRC. FMR LLC lifted its holdings in Brady by 40.4% during the 4th quarter. FMR LLC now owns 3,733,810 shares of the industrial products company’s stock worth $275,742,000 after buying an additional 1,074,885 shares during the period. Neuberger Berman Group LLC lifted its stake in shares of Brady by 6,379.9% in the fourth quarter. Neuberger Berman Group LLC now owns 544,375 shares of the industrial products company’s stock worth $40,202,000 after acquiring an additional 535,974 shares during the period. Invesco Ltd. boosted its holdings in Brady by 9.7% in the fourth quarter. Invesco Ltd. now owns 686,923 shares of the industrial products company’s stock valued at $50,729,000 after acquiring an additional 60,737 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in Brady by 15.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 450,148 shares of the industrial products company’s stock valued at $33,243,000 after purchasing an additional 59,752 shares during the period. Finally, Seizert Capital Partners LLC lifted its position in shares of Brady by 93.9% in the 4th quarter. Seizert Capital Partners LLC now owns 123,196 shares of the industrial products company’s stock worth $9,098,000 after purchasing an additional 59,666 shares during the period. Institutional investors own 76.28% of the company’s stock.

Brady Trading Up 0.7 %

NYSE:BRC opened at $67.43 on Friday. Brady Co. has a 52 week low of $58.32 and a 52 week high of $77.68. The firm’s fifty day moving average is $70.44 and its 200-day moving average is $72.94. The firm has a market cap of $3.22 billion, a P/E ratio of 16.57 and a beta of 0.75. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.25 and a current ratio of 1.84.

Brady (NYSE:BRC) last issued 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). The business had revenue of $356.68 million for 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 in the previous year, the business posted $0.93 earnings per share. Equities analysts expect that Brady Co. will post 4.55 earnings per share for the current year.

Brady Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 9th will be paid a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.42%. The ex-dividend date of this dividend 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.