Brady Co. (NYSE:BRC) Shares Sold by Lazard Asset Management LLC

Lazard Asset Management LLC cut its stake in shares of Brady Co. (NYSE:BRC) by 47.6% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 86,330 shares of the industrial products company’s stock after selling 78,425 shares during the quarter. Lazard Asset Management LLC owned about 0.18% of Brady worth $5,117,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in BRC. Boston Partners grew its position in Brady by 2,520.6% during the fourth quarter. Boston Partners now owns 465,465 shares of the industrial products company’s stock worth $27,441,000 after buying an additional 447,703 shares during the period. DekaBank Deutsche Girozentrale grew its holdings in shares of Brady by 69.1% in the 4th quarter. DekaBank Deutsche Girozentrale now owns 388,453 shares of the industrial products company’s stock worth $22,743,000 after acquiring an additional 158,780 shares during the period. Lord Abbett & CO. LLC increased its stake in Brady by 21.1% in the 1st quarter. Lord Abbett & CO. LLC now owns 610,505 shares of the industrial products company’s stock valued at $36,190,000 after purchasing an additional 106,219 shares in the last quarter. Heartland Advisors Inc. purchased a new stake in Brady during the fourth quarter worth $4,720,000. Finally, Allianz Asset Management GmbH boosted its position in Brady by 73.0% during the fourth quarter. Allianz Asset Management GmbH now owns 140,954 shares of the industrial products company’s stock worth $8,273,000 after purchasing an additional 59,488 shares in the last quarter. Hedge funds and other institutional investors own 76.28% of the company’s stock.

Brady Trading Up 0.4 %

Shares of BRC stock opened at $71.82 on Monday. The stock has a market cap of $3.41 billion, a P/E ratio of 18.24, a P/E/G ratio of 2.24 and a beta of 0.77. The company has a quick ratio of 1.45, a current ratio of 2.06 and a debt-to-equity ratio of 0.06. Brady Co. has a fifty-two week low of $48.60 and a fifty-two week high of $72.51. The business has a fifty day simple moving average of $66.84 and a 200-day simple moving average of $62.16.

Brady (NYSE:BRC) last issued its quarterly earnings data on Wednesday, May 22nd. The industrial products company reported $1.09 EPS for the quarter, beating analysts’ consensus estimates of $1.02 by $0.07. The firm had revenue of $343.40 million for the quarter, compared to analysts’ expectations of $339.80 million. Brady had a net margin of 14.22% and a return on equity of 19.61%. The firm’s revenue was up 1.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.95 EPS. On average, analysts forecast that Brady Co. will post 4.13 earnings per share for the current fiscal year.

Brady Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Wednesday, July 10th will be given a dividend of $0.235 per share. The ex-dividend date of this dividend is Wednesday, July 10th. This represents a $0.94 annualized dividend and a dividend yield of 1.31%. Brady’s dividend payout ratio is currently 23.98%.

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.