Janus Henderson Group PLC Trims Position in Brady Co. (NYSE:BRC)

Janus Henderson Group PLC reduced its position in Brady Co. (NYSE:BRC) by 1.0% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 640,426 shares of the industrial products company’s stock after selling 6,659 shares during the period. Janus Henderson Group PLC owned about 1.34% of Brady worth $47,295,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Robeco Institutional Asset Management B.V. lifted its position in Brady by 18.2% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 177,324 shares of the industrial products company’s stock worth $13,095,000 after buying an additional 27,293 shares during the period. KBC Group NV increased its stake in shares of Brady by 84.2% during 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. Charles Schwab Investment Management Inc. lifted its holdings in shares of Brady by 15.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 450,148 shares of the industrial products company’s stock worth $33,243,000 after acquiring an additional 59,752 shares during the period. Prentiss Smith & Co. Inc. boosted its position in shares of Brady by 50.2% in the fourth quarter. Prentiss Smith & Co. Inc. now owns 54,509 shares of the industrial products company’s stock worth $4,025,000 after acquiring an additional 18,228 shares during the last quarter. Finally, Mariner LLC acquired a new position in Brady during the fourth quarter worth approximately $224,000. 76.28% of the stock is currently owned by institutional investors and hedge funds.

Brady Stock Down 0.3%

Shares of BRC opened at $74.92 on Wednesday. Brady Co. has a fifty-two week low of $59.84 and a fifty-two week high of $77.68. The company’s fifty day moving average is $69.84 and its two-hundred day moving average is $72.45. The firm has a market cap of $3.58 billion, a PE ratio of 18.41 and a beta of 0.86. 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 Friday, February 21st. The industrial products company reported $1.00 EPS for the quarter, missing the consensus estimate of $1.03 by ($0.03). The firm had revenue of $356.68 million for the quarter, compared to analyst estimates of $359.21 million. Brady had a return on equity of 19.79% and a net margin of 14.19%. During the same quarter in the prior year, the company earned $0.93 earnings per share. Analysts forecast that Brady Co. will post 4.55 earnings per share for the current year.

Brady Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 9th were issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date was Wednesday, April 9th. Brady’s dividend payout ratio is presently 24.00%.

Brady 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.