Brady Co. (NYSE:BRC) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans reduced its position in shares of Brady Co. (NYSE:BRC) by 21.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 144,318 shares of the industrial products company’s stock after selling 38,723 shares during the period. Thrivent Financial for Lutherans’ holdings in Brady were worth $10,658,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Parkside Financial Bank & Trust raised 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 raised its position in shares of Brady by 3.2% in the fourth quarter. Atria Investments Inc now owns 4,984 shares of the industrial products company’s stock valued at $368,000 after buying an additional 153 shares during the last quarter. 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 buying an additional 157 shares during the last quarter. Andina Capital Management LLC raised 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 valued at $422,000 after buying an additional 179 shares during the last quarter. Finally, Chase Investment Counsel Corp raised its position 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 buying an additional 181 shares during the last quarter. 76.28% of the stock is currently owned by hedge funds and other institutional investors.

Brady Stock Performance

NYSE:BRC opened at $70.51 on Friday. The firm has a 50 day simple moving average of $72.83 and a 200-day simple moving average of $73.74. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.84 and a quick ratio of 1.25. The firm has a market cap of $3.37 billion, a PE ratio of 17.32 and a beta of 0.72. Brady Co. has a 1-year low of $57.89 and a 1-year high of $77.68.

Brady (NYSE:BRC) last released its earnings results 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 company had revenue of $356.68 million during the quarter, compared to analysts’ expectations of $359.21 million. During the same quarter in the previous year, the firm posted $0.93 earnings per share. On average, equities analysts expect that Brady Co. will post 4.55 EPS for the current year.

Brady Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 9th will be issued a $0.24 dividend. The ex-dividend date is Wednesday, April 9th. This represents a $0.96 dividend on an annualized basis and a yield of 1.36%. Brady’s payout ratio is 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.