Two Sigma Advisers LP Has $790,000 Position in Brady Co. (NYSE:BRC)

Two Sigma Advisers LP lessened its stake in Brady Co. (NYSE:BRC - Free Report) by 40.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,700 shares of the industrial products company's stock after selling 7,400 shares during the quarter. Two Sigma Advisers LP's holdings in Brady were worth $790,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in BRC. Parkside Financial Bank & Trust grew its position in shares of Brady by 19.1% during the 4th quarter. Parkside Financial Bank & Trust now owns 893 shares of the industrial products company's stock worth $66,000 after buying an additional 143 shares during the period. Atria Investments Inc grew its holdings in Brady by 3.2% during 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. increased its stake in Brady by 4.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,454 shares of the industrial products company's stock valued at $255,000 after purchasing an additional 157 shares in the last quarter. Chase Investment Counsel Corp increased its stake 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 purchasing an additional 181 shares in the last quarter. Finally, Ariel Investments LLC raised its holdings in Brady by 6.1% in the fourth quarter. Ariel Investments LLC now owns 3,840 shares of the industrial products company's stock worth $284,000 after purchasing an additional 220 shares during the period. Institutional investors own 76.28% of the company's stock.

Analysts Set New Price Targets

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

Brady Trading Up 0.5%

BRC stock traded up $0.37 during midday trading on Friday, hitting $69.92. 131,494 shares of the company's stock were exchanged, compared to its average volume of 241,910. Brady Co. has a one year low of $62.70 and a one year high of $77.68. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.25 and a current ratio of 1.84. The company has a market cap of $3.31 billion, a PE ratio of 17.18 and a beta of 0.80. The stock's fifty day moving average price is $69.77 and its 200-day moving average price is $72.11.

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

Brady Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Thursday, July 10th will be given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 1.37%. The ex-dividend date of this dividend is Thursday, July 10th. Brady's dividend payout ratio is 23.76%.

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.