Hennion & Walsh Asset Management Inc. Trims Stock Holdings in Brady Co. (NYSE:BRC)

Hennion & Walsh Asset Management Inc. reduced its holdings in shares of Brady Co. (NYSE:BRC) by 39.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,539 shares of the industrial products company’s stock after selling 2,956 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in Brady were worth $335,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. FMR LLC raised its holdings in Brady by 39.5% during the 3rd quarter. FMR LLC now owns 2,658,925 shares of the industrial products company’s stock valued at $203,753,000 after acquiring an additional 753,092 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Brady by 1.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,510,180 shares of the industrial products company’s stock valued at $99,701,000 after purchasing an additional 24,786 shares during the period. Geode Capital Management LLC lifted its holdings in Brady by 7.4% during the 3rd quarter. Geode Capital Management LLC now owns 658,093 shares of the industrial products company’s stock worth $50,445,000 after purchasing an additional 45,206 shares in the last quarter. Lord Abbett & CO. LLC boosted its stake in Brady by 2.9% in the 3rd quarter. Lord Abbett & CO. LLC now owns 618,841 shares of the industrial products company’s stock worth $47,422,000 after purchasing an additional 17,682 shares during the period. Finally, Royce & Associates LP grew its holdings in Brady by 27.1% during the 3rd quarter. Royce & Associates LP now owns 555,792 shares of the industrial products company’s stock valued at $42,590,000 after buying an additional 118,557 shares in the last quarter. 76.28% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of Brady from a “strong-buy” rating to a “buy” rating in a report on Friday, October 11th.

Brady Stock Up 2.4 %

Shares of NYSE:BRC opened at $75.25 on Wednesday. The firm has a fifty day moving average price of $74.13 and a two-hundred day moving average price of $73.07. The company has a market cap of $3.59 billion, a price-to-earnings ratio of 18.49 and a beta of 0.77. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.84 and a quick ratio of 1.25. Brady Co. has a one year low of $56.09 and a one year high of $77.68.

Brady (NYSE:BRC) last posted its quarterly earnings data on Monday, November 18th. The industrial products company reported $1.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.02. The company had revenue of $377.10 million during the quarter, compared to analyst estimates of $365.88 million. Brady had a return on equity of 19.79% and a net margin of 14.19%. The firm’s quarterly revenue was up 13.6% on a year-over-year basis. During the same quarter last year, the company earned $1.00 earnings per share. Analysts anticipate that Brady Co. will post 4.55 EPS for the current fiscal year.

Brady Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 10th will be given a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 1.28%. The ex-dividend date of this dividend is Friday, January 10th. Brady’s dividend payout ratio (DPR) is 23.59%.

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.