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

D. E. Shaw & Co. Inc. trimmed its position in shares of Brady Co. (NYSE:BRC) by 45.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 43,050 shares of the industrial products company’s stock after selling 36,421 shares during the quarter. D. E. Shaw & Co. Inc. owned 0.09% of Brady worth $3,179,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of BRC. Parkside Financial Bank & Trust increased its stake in shares of Brady by 19.1% in the 4th quarter. Parkside Financial Bank & Trust now owns 893 shares of the industrial products company’s stock worth $66,000 after purchasing an additional 143 shares in the last quarter. Atria Investments Inc increased its stake in shares of Brady by 3.2% in the 4th quarter. Atria Investments Inc now owns 4,984 shares of the industrial products company’s stock worth $368,000 after purchasing an additional 153 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in shares of Brady by 4.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,454 shares of the industrial products company’s stock worth $255,000 after purchasing an additional 157 shares in the last quarter. Andina Capital Management LLC increased its stake in shares of Brady by 3.2% in the 4th quarter. Andina Capital Management LLC now owns 5,718 shares of the industrial products company’s stock worth $422,000 after purchasing an additional 179 shares in the last quarter. Finally, Chase Investment Counsel Corp increased its stake in shares of Brady by 3.9% in the 4th quarter. Chase Investment Counsel Corp now owns 4,836 shares of the industrial products company’s stock worth $357,000 after purchasing an additional 181 shares in the last quarter. 76.28% of the stock is owned by institutional investors.

Brady Trading Down 5.8%

NYSE:BRC opened at $71.81 on Monday. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.84 and a quick ratio of 1.25. The firm has a market capitalization of $3.43 billion, a price-to-earnings ratio of 17.64 and a beta of 0.86. Brady Co. has a one year low of $59.84 and a one year high of $77.68. The business has a fifty day moving average price of $70.03 and a 200-day moving average price of $72.50.

Brady (NYSE:BRC) last announced its quarterly earnings data on Friday, May 16th. The industrial products company reported $1.22 EPS for the quarter, meeting the consensus estimate of $1.22. Brady had a return on equity of 19.79% and a net margin of 14.19%. The business had revenue of $382.59 million for the quarter, compared to the consensus estimate of $386.61 million. During the same period in the previous year, the business earned $1.09 earnings per share. The business’s revenue was up 11.4% on a year-over-year basis. Sell-side analysts forecast that Brady Co. will post 4.55 EPS for the current year.

Brady Announces Dividend

The firm 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 $0.24 dividend. The ex-dividend date of this dividend is Thursday, July 10th. This represents a $0.96 annualized dividend and a dividend yield of 1.34%. Brady’s payout ratio 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.