Bridgewater Associates LP Has $440,000 Stock Holdings in Brady Co. (NYSE:BRC)

Bridgewater Associates LP cut its holdings in shares of Brady Co. (NYSE:BRC) by 87.9% in the 4th quarter, Holdings Channel reports. The firm owned 5,958 shares of the industrial products company’s stock after selling 43,447 shares during the period. Bridgewater Associates LP’s holdings in Brady were worth $440,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of 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 valued at $34,000 after acquiring an additional 314 shares during the last quarter. Principal Securities Inc. increased its position in Brady by 378.1% during the 4th quarter. Principal Securities Inc. now owns 655 shares of the industrial products company’s stock worth $48,000 after purchasing an additional 518 shares in the last quarter. Parkside Financial Bank & Trust boosted 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 valued at $66,000 after buying an additional 143 shares in the last quarter. Kohmann Bosshard Financial Services LLC acquired a new position in shares of Brady during the fourth quarter worth $96,000. Finally, KBC Group NV lifted its stake in shares of Brady by 84.2% in the 4th quarter. KBC Group NV now owns 1,789 shares of the industrial products company’s stock valued at $132,000 after acquiring an additional 818 shares during the last quarter. Institutional investors own 76.28% of the company’s stock.

Brady Price Performance

Shares of BRC opened at $67.43 on Friday. The stock has a market cap of $3.22 billion, a PE ratio of 16.57 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. The business has a 50-day simple moving average of $70.32 and a two-hundred day simple moving average of $72.88. Brady Co. has a 12-month low of $58.32 and a 12-month high of $77.68.

Brady (NYSE:BRC) last announced its quarterly earnings results 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 net margin of 14.19% and a return on equity of 19.79%. The business had revenue of $356.68 million during the quarter, compared to analyst estimates of $359.21 million. During the same quarter last year, the company posted $0.93 earnings per share. Analysts anticipate that Brady Co. will post 4.55 earnings per share for the current fiscal year.

Brady Announces Dividend

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