Brady Co. (NYSE:BRC) Shares Sold by Hsbc Holdings PLC

Hsbc Holdings PLC decreased its position in Brady Co. (NYSE:BRC) by 8.2% during the 4th quarter, Holdings Channel reports. The fund owned 12,325 shares of the industrial products company’s stock after selling 1,103 shares during the quarter. Hsbc Holdings PLC’s holdings in Brady were worth $904,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Parkside Financial Bank & Trust lifted its holdings in 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 acquiring an additional 143 shares during the period. Atria Investments Inc lifted its stake 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 purchasing an additional 153 shares during the period. PNC Financial Services Group Inc. boosted its holdings in Brady by 4.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,454 shares of the industrial products company’s stock worth $255,000 after buying an additional 157 shares in the last quarter. Andina Capital Management LLC grew its position in Brady by 3.2% during the fourth quarter. Andina Capital Management LLC now owns 5,718 shares of the industrial products company’s stock worth $422,000 after buying an additional 179 shares during the period. Finally, Chase Investment Counsel Corp increased its holdings in 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 in the last quarter. 76.28% of the stock is currently owned by institutional investors and hedge funds.

Brady Stock Performance

BRC opened at $71.79 on Monday. The stock’s 50 day simple moving average is $69.58 and its 200 day simple moving average is $72.48. The stock has a market cap of $3.43 billion, a P/E ratio of 17.64 and a beta of 0.75. Brady Co. has a 1-year low of $59.72 and a 1-year high of $77.68. 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 (NYSE:BRC) last announced its quarterly earnings results on Friday, February 21st. The industrial products company reported $1.00 earnings per share 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 firm had revenue of $356.68 million during the quarter, compared to analysts’ expectations of $359.21 million. During the same quarter in the prior year, the business earned $0.93 EPS. As a group, equities analysts anticipate that Brady Co. will post 4.55 EPS for the current fiscal year.

Brady Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 9th were issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 1.34%. The ex-dividend date was Wednesday, April 9th. Brady’s dividend payout ratio (DPR) is 24.00%.

About Brady

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.