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

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

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Parkside Financial Bank & Trust boosted its stake in shares of 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 during the period. Atria Investments Inc raised its holdings in Brady by 3.2% in the 4th 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 in the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of Brady by 4.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,454 shares of the industrial products company’s stock worth $255,000 after purchasing an additional 157 shares in the last quarter. Andina Capital Management LLC increased its position in shares of Brady by 3.2% in 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 period. Finally, Chase Investment Counsel Corp raised its stake in Brady by 3.9% in the fourth quarter. Chase Investment Counsel Corp now owns 4,836 shares of the industrial products company’s stock valued at $357,000 after purchasing an additional 181 shares in the last quarter. Institutional investors own 76.28% of the company’s stock.

Brady Trading Up 0.7 %

Shares of Brady stock opened at $67.43 on Friday. The firm’s 50-day moving average price is $70.44 and its two-hundred day moving average price is $72.94. The company has a market capitalization of $3.22 billion, a price-to-earnings 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. 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 data on Friday, February 21st. The industrial products company reported $1.00 earnings per share (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 during the quarter, compared to the consensus estimate of $359.21 million. During the same period last year, the business earned $0.93 earnings per share. On average, analysts forecast that Brady Co. will post 4.55 earnings per share for the current fiscal year.

Brady Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors 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 1.42%. 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.