River Road Asset Management LLC Has $8.01 Million Stake in Brady Co. (NYSE:BRC)

River Road Asset Management LLC cut its stake in Brady Co. (NYSE:BRC) by 20.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 108,417 shares of the industrial products company’s stock after selling 28,684 shares during the quarter. River Road Asset Management LLC owned 0.23% of Brady worth $8,007,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Parkside Financial Bank & Trust raised its position in Brady by 19.1% in the 4th 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 grew its stake in shares of Brady by 3.2% in the 4th quarter. Atria Investments Inc now owns 4,984 shares of the industrial products company’s stock worth $368,000 after acquiring an additional 153 shares in the last quarter. PNC Financial Services Group Inc. lifted its position 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 purchasing an additional 157 shares in the last quarter. Andina Capital Management LLC boosted its holdings 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. Finally, Chase Investment Counsel Corp grew its holdings in shares of 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 acquiring an additional 181 shares in the last quarter. Institutional investors own 76.28% of the company’s stock.

Brady Trading Down 1.1 %

Shares of BRC opened at $70.23 on Wednesday. The firm has a market cap of $3.36 billion, a P/E ratio of 17.26 and a beta of 0.72. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.25 and a current ratio of 1.84. The business has a 50-day moving average of $73.21 and a 200 day moving average of $73.90. Brady Co. has a fifty-two week low of $56.81 and a fifty-two week high of $77.68.

Brady (NYSE:BRC) last posted its quarterly earnings data on Friday, February 21st. The industrial products company reported $1.00 earnings per share for the quarter, missing the consensus estimate of $1.03 by ($0.03). The company had revenue of $356.68 million during the quarter, compared to the consensus estimate of $359.21 million. Brady had a return on equity of 19.79% and a net margin of 14.19%. During the same quarter last year, the company posted $0.93 earnings per share. As a group, research analysts forecast that Brady Co. will post 4.55 EPS for the current year.

Brady Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 9th will be issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date of this dividend is Wednesday, April 9th. Brady’s dividend payout ratio (DPR) 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.