Brady (NYSE:BRC) Hits New 52-Week Low - Here's What Happened

Brady Co. (NYSE:BRC - Get Free Report)'s stock price hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $68.15 and last traded at $70.31, with a volume of 231299 shares. The stock had previously closed at $70.21.

Brady Stock Up 1.7 %

The company has a current ratio of 1.84, a quick ratio of 1.25 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $3.43 billion, a P/E ratio of 17.64 and a beta of 0.75. The stock has a 50 day moving average price of $69.58 and a 200 day moving average price of $72.50.

Brady (NYSE:BRC - Get Free Report) last posted its earnings results on Friday, February 21st. The industrial products company reported $1.00 EPS for the quarter, missing the consensus estimate of $1.03 by ($0.03). The firm had revenue of $356.68 million during the quarter, compared to the consensus estimate of $359.21 million. Brady had a net margin of 14.19% and a return on equity of 19.79%. During the same quarter in the prior year, the business posted $0.93 earnings per share. On average, research analysts anticipate that Brady Co. will post 4.55 earnings per share for the current fiscal year.

Brady Dividend Announcement

The firm also recently declared 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. The ex-dividend date was Wednesday, April 9th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.34%. Brady's dividend payout ratio (DPR) is presently 24.00%.

Institutional Trading of Brady

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Nordea Investment Management AB raised its position in shares of Brady by 18.5% during the fourth quarter. Nordea Investment Management AB now owns 94,174 shares of the industrial products company's stock worth $6,945,000 after acquiring an additional 14,702 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its holdings in Brady by 18.2% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 177,324 shares of the industrial products company's stock worth $13,095,000 after purchasing an additional 27,293 shares during the last quarter. KBC Group NV lifted its position in shares of Brady by 84.2% in the 4th quarter. KBC Group NV now owns 1,789 shares of the industrial products company's stock worth $132,000 after purchasing an additional 818 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of Brady by 15.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 450,148 shares of the industrial products company's stock valued at $33,243,000 after purchasing an additional 59,752 shares during the last quarter. Finally, Prentiss Smith & Co. Inc. increased its position in shares of Brady by 50.2% during 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 during the period. 76.28% of the stock is currently owned by institutional investors and hedge funds.

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.