Legato Capital Management LLC Sells 3,434 Shares of Brady Co. (NYSE:BRC)

Legato Capital Management LLC lessened its holdings in shares of Brady Co. (NYSE:BRC) by 25.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,061 shares of the industrial products company’s stock after selling 3,434 shares during the quarter. Legato Capital Management LLC’s holdings in Brady were worth $743,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC increased its position in Brady by 0.4% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 480,924 shares of the industrial products company’s stock valued at $35,516,000 after purchasing an additional 1,867 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Brady by 11.0% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,782 shares of the industrial products company’s stock valued at $204,000 after buying an additional 275 shares during the period. Guidance Capital Inc. bought a new position in Brady in the fourth quarter worth about $465,000. Prentiss Smith & Co. Inc. raised its stake in Brady by 50.2% in the fourth quarter. Prentiss Smith & Co. Inc. now owns 54,509 shares of the industrial products company’s stock worth $4,025,000 after buying an additional 18,228 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. lifted its holdings in Brady by 18.2% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 177,324 shares of the industrial products company’s stock worth $13,095,000 after buying an additional 27,293 shares during the period. Hedge funds and other institutional investors own 76.28% of the company’s stock.

Brady Stock Up 1.1 %

BRC stock opened at $73.62 on Friday. Brady Co. has a fifty-two week low of $56.09 and a fifty-two week high of $77.68. The company has a market capitalization of $3.52 billion, a price-to-earnings ratio of 18.09 and a beta of 0.76. The business’s 50 day moving average price is $74.33 and its two-hundred day moving average price is $73.72. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.25 and a current ratio of 1.84.

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, topping analysts’ consensus estimates of $1.10 by $0.02. Brady had a return on equity of 19.79% and a net margin of 14.19%. The business had revenue of $377.10 million during the quarter, compared to the consensus estimate of $365.88 million. During the same quarter in the prior year, the company earned $1.00 earnings per share. The firm’s quarterly revenue was up 13.6% compared to the same quarter last year. As a group, analysts forecast that Brady Co. will post 4.55 earnings per share for the current fiscal year.

Brady Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Friday, January 10th were paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.30%. The ex-dividend date of this dividend was Friday, January 10th. Brady’s dividend payout ratio 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.