Brady Co. (NYSE:BRC) Shares Sold by Van Berkom & Associates Inc.

Van Berkom & Associates Inc. decreased its position in Brady Co. (NYSE:BRC) by 10.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 620,435 shares of the industrial products company’s stock after selling 71,955 shares during the quarter. Van Berkom & Associates Inc. owned 1.30% of Brady worth $45,819,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Andina Capital Management LLC lifted 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 worth $422,000 after purchasing an additional 179 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of Brady by 10.5% in the 4th quarter. GAMMA Investing LLC now owns 1,938 shares of the industrial products company’s stock worth $143,000 after buying an additional 184 shares during the last quarter. Creative Planning boosted its holdings in shares of Brady by 1.9% in the 3rd quarter. Creative Planning now owns 10,472 shares of the industrial products company’s stock valued at $802,000 after buying an additional 195 shares during the period. Stifel Financial Corp grew its position in shares of Brady by 0.4% during the 3rd quarter. Stifel Financial Corp now owns 54,396 shares of the industrial products company’s stock valued at $4,168,000 after buying an additional 197 shares during the last quarter. Finally, Glenmede Trust Co. NA raised its stake in Brady by 5.6% during the third quarter. Glenmede Trust Co. NA now owns 3,755 shares of the industrial products company’s stock worth $288,000 after acquiring an additional 198 shares during the period. 76.28% of the stock is currently owned by institutional investors.

Brady Stock Performance

Shares of NYSE BRC opened at $74.69 on Friday. The stock has a market capitalization of $3.57 billion, a P/E ratio of 18.35 and a beta of 0.76. The firm’s 50-day moving average price is $74.18 and its two-hundred day moving average price is $73.81. Brady Co. has a 52-week low of $56.09 and a 52-week high of $77.68. The company has a quick ratio of 1.25, a current ratio of 1.84 and a debt-to-equity ratio of 0.11.

Brady (NYSE:BRC) last announced its quarterly earnings results on Monday, November 18th. The industrial products company reported $1.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.10 by $0.02. Brady had a return on equity of 19.79% and a net margin of 14.19%. The business had revenue of $377.10 million for the quarter, compared to the consensus estimate of $365.88 million. During the same quarter last year, the business posted $1.00 EPS. The business’s revenue was up 13.6% on a year-over-year basis. As a group, sell-side analysts forecast that Brady Co. will post 4.55 earnings per share for the current year.

Brady Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Friday, January 10th were issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 1.29%. The ex-dividend date was Friday, January 10th. Brady’s dividend payout ratio (DPR) is 23.59%.

About Brady

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.