D. E. Shaw & Co. Inc. Sells 36,421 Shares of Brady Co. (NYSE:BRC)

D. E. Shaw & Co. Inc. reduced its stake in shares of Brady Co. (NYSE:BRC - Free Report) by 45.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,050 shares of the industrial products company's stock after selling 36,421 shares during the period. D. E. Shaw & Co. Inc. owned 0.09% of Brady worth $3,179,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. Cresset Asset Management LLC lifted its holdings in Brady by 2.3% in the 4th quarter. Cresset Asset Management LLC now owns 30,279 shares of the industrial products company's stock worth $2,236,000 after purchasing an additional 688 shares during the last quarter. Cetera Investment Advisers boosted its holdings in shares of Brady by 35.4% during the 4th quarter. Cetera Investment Advisers now owns 3,832 shares of the industrial products company's stock worth $283,000 after buying an additional 1,001 shares during the period. Balyasny Asset Management L.P. grew its stake in Brady by 183.0% in the 4th quarter. Balyasny Asset Management L.P. now owns 96,171 shares of the industrial products company's stock valued at $7,102,000 after buying an additional 62,191 shares during the last quarter. BNP Paribas Financial Markets grew its stake in Brady by 15.6% in the 4th quarter. BNP Paribas Financial Markets now owns 184,582 shares of the industrial products company's stock valued at $13,631,000 after buying an additional 24,914 shares during the last quarter. Finally, Algert Global LLC raised its holdings in Brady by 5.7% in the 4th quarter. Algert Global LLC now owns 172,690 shares of the industrial products company's stock worth $12,753,000 after acquiring an additional 9,354 shares during the period. Institutional investors own 76.28% of the company's stock.

Analyst Ratings Changes

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

Brady Stock Performance

NYSE BRC traded down $0.87 during trading on Friday, hitting $68.96. The company's stock had a trading volume of 166,295 shares, compared to its average volume of 244,979. Brady Co. has a 52 week low of $62.70 and a 52 week high of $77.68. The firm has a market cap of $3.29 billion, a P/E ratio of 16.94 and a beta of 0.86. The firm has a 50 day moving average price of $70.01 and a 200 day moving average price of $72.41. The company has a quick ratio of 1.25, a current ratio of 1.84 and a debt-to-equity ratio of 0.11.

Brady (NYSE:BRC - Get Free Report) last released its earnings results on Friday, May 16th. The industrial products company reported $1.22 earnings per share for the quarter, meeting the consensus estimate of $1.22. The business had revenue of $382.59 million during the quarter, compared to analysts' expectations of $386.61 million. Brady had a net margin of 14.19% and a return on equity of 19.79%. The firm's revenue was up 11.4% on a year-over-year basis. During the same quarter last year, the company earned $1.09 earnings per share. Equities research analysts forecast 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 will be paid on Thursday, July 31st. Shareholders of record on Thursday, July 10th will be issued a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.39%. The ex-dividend date of this dividend is Thursday, July 10th. Brady's dividend payout ratio (DPR) is presently 23.76%.

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.