RBF Capital LLC Sells 5,000 Shares of Brady Co. (NYSE:BRC)

RBF Capital LLC trimmed its stake in Brady Co. (NYSE:BRC) by 11.1% during the 4th quarter, Holdings Channel reports. The firm owned 40,000 shares of the industrial products company’s stock after selling 5,000 shares during the quarter. RBF Capital LLC’s holdings in Brady were worth $2,954,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of BRC. Smartleaf Asset Management LLC increased its holdings in shares of Brady by 213.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 461 shares of the industrial products company’s stock worth $34,000 after buying an additional 314 shares during the last quarter. Principal Securities Inc. increased its stake in Brady by 378.1% in the fourth quarter. Principal Securities Inc. now owns 655 shares of the industrial products company’s stock valued at $48,000 after acquiring an additional 518 shares during the last quarter. Parkside Financial Bank & Trust raised its position in Brady by 19.1% during the fourth quarter. Parkside Financial Bank & Trust now owns 893 shares of the industrial products company’s stock valued at $66,000 after purchasing an additional 143 shares in the last quarter. Kohmann Bosshard Financial Services LLC bought a new stake in Brady during the fourth quarter worth about $96,000. Finally, KBC Group NV boosted its holdings in shares of Brady by 84.2% in the 4th quarter. KBC Group NV now owns 1,789 shares of the industrial products company’s stock worth $132,000 after purchasing an additional 818 shares in the last quarter. 76.28% of the stock is owned by hedge funds and other institutional investors.

Brady Price Performance

Shares of Brady stock opened at $68.00 on Wednesday. The business’s 50-day moving average price is $70.08 and its 200-day moving average price is $72.78. The firm has a market capitalization of $3.25 billion, a PE ratio of 16.71 and a beta of 0.75. Brady Co. has a 12 month low of $58.32 and a 12 month high of $77.68. The company has a current ratio of 1.84, a quick ratio of 1.25 and a debt-to-equity ratio of 0.11.

Brady (NYSE:BRC) last posted 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). Brady had a return on equity of 19.79% and a net margin of 14.19%. The business had revenue of $356.68 million for the quarter, compared to analysts’ expectations of $359.21 million. During the same period last year, the business posted $0.93 earnings per share. Sell-side analysts forecast that Brady Co. will post 4.55 EPS for the current fiscal year.

Brady Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 9th will be given a dividend of $0.24 per share. The ex-dividend date is Wednesday, April 9th. This represents a $0.96 annualized dividend and a yield of 1.41%. Brady’s payout ratio is 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.