Brady Co. (NYSE:BRC) Stake Lowered by Two Sigma Investments LP

Two Sigma Investments LP cut its position in shares of Brady Co. (NYSE:BRC - Free Report) by 77.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 27,576 shares of the industrial products company's stock after selling 95,899 shares during the quarter. Two Sigma Investments LP owned 0.06% of Brady worth $2,036,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. KBC Group NV increased its position in shares of Brady by 84.2% during the 4th quarter. KBC Group NV now owns 1,789 shares of the industrial products company's stock valued at $132,000 after purchasing an additional 818 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of Brady by 15.3% during 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 period. Mariner LLC acquired a new position in shares of Brady during the 4th quarter valued at $224,000. Tower Research Capital LLC TRC increased its position in shares of Brady by 192.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 5,826 shares of the industrial products company's stock valued at $430,000 after purchasing an additional 3,831 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in shares of Brady during the 4th quarter valued at $1,865,000. 76.28% of the stock is currently owned by institutional investors and hedge funds.

Brady Price Performance

Shares of NYSE BRC traded down $1.06 during mid-day trading on Thursday, reaching $69.50. The company had a trading volume of 139,629 shares, compared to its average volume of 242,003. 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 stock has a market cap of $3.29 billion, a PE ratio of 17.07 and a beta of 0.80. The company has a 50-day moving average price of $69.80 and a two-hundred day moving average price of $72.11. Brady Co. has a 1-year low of $62.70 and a 1-year high of $77.68.

Brady (NYSE:BRC - Get Free Report) last issued its earnings results on Friday, May 16th. The industrial products company reported $1.22 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $1.22. The business had revenue of $382.59 million for the quarter, compared to analysts' expectations of $386.61 million. Brady had a return on equity of 19.79% and a net margin of 14.19%. The company's quarterly revenue was up 11.4% on a year-over-year basis. During the same period in the previous year, the firm posted $1.09 EPS. On average, equities analysts anticipate that Brady Co. will post 4.55 earnings per share for the current year.

Brady Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Thursday, July 10th will be issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date is Thursday, July 10th. Brady's payout ratio is 23.76%.

Analyst Ratings Changes

Separately, Sidoti upgraded Brady to a "strong-buy" rating in a research report on Monday, May 19th.

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.