Brady Co. (NYSE:BRC) Shares Sold by Moran Wealth Management LLC

Moran Wealth Management LLC decreased its holdings in Brady Co. (NYSE:BRC) by 0.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 83,133 shares of the industrial products company’s stock after selling 216 shares during the quarter. Moran Wealth Management LLC owned 0.17% of Brady worth $6,139,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. Parkside Financial Bank & Trust raised its holdings in Brady by 19.1% in the 4th quarter. Parkside Financial Bank & Trust now owns 893 shares of the industrial products company’s stock worth $66,000 after purchasing an additional 143 shares during the period. Atria Investments Inc raised its holdings in shares of Brady by 3.2% during the fourth quarter. Atria Investments Inc now owns 4,984 shares of the industrial products company’s stock valued at $368,000 after acquiring an additional 153 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of Brady by 4.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,454 shares of the industrial products company’s stock valued at $255,000 after acquiring an additional 157 shares during the last quarter. Andina Capital Management LLC raised its holdings in shares of Brady by 3.2% during the fourth quarter. Andina Capital Management LLC now owns 5,718 shares of the industrial products company’s stock valued at $422,000 after acquiring an additional 179 shares during the last quarter. Finally, Chase Investment Counsel Corp raised its holdings in shares of Brady by 3.9% during the fourth quarter. Chase Investment Counsel Corp now owns 4,836 shares of the industrial products company’s stock valued at $357,000 after acquiring an additional 181 shares during the last quarter. Institutional investors and hedge funds own 76.28% of the company’s stock.

Brady Price Performance

Shares of Brady stock opened at $71.08 on Tuesday. The business has a 50 day simple moving average of $73.28 and a two-hundred day simple moving average of $73.92. Brady Co. has a 12 month low of $56.71 and a 12 month high of $77.68. The stock has a market capitalization of $3.40 billion, a P/E ratio of 17.46 and a beta of 0.72. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.84 and a quick ratio of 1.25.

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

Brady Dividend Announcement

The business 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 $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 1.35%. 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.