Bridgewater Associates LP Sells 43,447 Shares of Brady Co. (NYSE:BRC)

Bridgewater Associates LP lessened its holdings in Brady Co. (NYSE:BRC) by 87.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,958 shares of the industrial products company’s stock after selling 43,447 shares during the quarter. Bridgewater Associates LP’s holdings in Brady were worth $440,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Parkside Financial Bank & Trust lifted its position 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 last quarter. Atria Investments Inc boosted its position in Brady by 3.2% during the fourth quarter. Atria Investments Inc now owns 4,984 shares of the industrial products company’s stock worth $368,000 after purchasing an additional 153 shares during the period. PNC Financial Services Group Inc. raised its position in shares of Brady by 4.8% in 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 purchasing an additional 157 shares during the period. Andina Capital Management LLC lifted its stake in shares of Brady by 3.2% during the 4th quarter. Andina Capital Management LLC now owns 5,718 shares of the industrial products company’s stock worth $422,000 after buying an additional 179 shares during the last quarter. Finally, Chase Investment Counsel Corp grew its stake in Brady by 3.9% in the 4th quarter. Chase Investment Counsel Corp now owns 4,836 shares of the industrial products company’s stock valued at $357,000 after buying an additional 181 shares during the last quarter. Institutional investors and hedge funds own 76.28% of the company’s stock.

Brady Trading Up 0.7 %

Shares of BRC stock opened at $67.43 on Friday. Brady Co. has a 12-month low of $58.32 and a 12-month high of $77.68. The firm has a 50 day moving average price of $70.32 and a two-hundred day moving average price of $72.88. 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 company has a market capitalization of $3.22 billion, a PE ratio of 16.57 and a beta of 0.75.

Brady (NYSE:BRC) last issued its quarterly earnings data 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 during the quarter, compared to analyst estimates of $359.21 million. During the same period in the prior year, the company earned $0.93 earnings per share. As a group, analysts predict that Brady Co. will post 4.55 earnings per share for the current year.

Brady Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 9th will be issued 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 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.