Brady Co. (NYSE:BRC) Short Interest Down 25.6% in March

Brady Co. (NYSE:BRC) saw a large decrease in short interest in March. As of March 15th, there was short interest totalling 437,500 shares, a decrease of 25.6% from the February 28th total of 587,900 shares. Currently, 1.0% of the company’s stock are short sold. Based on an average daily trading volume, of 291,200 shares, the days-to-cover ratio is presently 1.5 days.

Institutional Trading of Brady

Hedge funds have recently modified their holdings of the company. Wellington Management Group LLP grew its stake in shares of Brady by 4.1% during the fourth quarter. Wellington Management Group LLP now owns 674,593 shares of the industrial products company’s stock valued at $49,819,000 after purchasing an additional 26,769 shares during the last quarter. Vise Technologies Inc. lifted its stake in Brady by 45.8% in the fourth quarter. Vise Technologies Inc. now owns 5,316 shares of the industrial products company’s stock valued at $393,000 after buying an additional 1,671 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Brady by 15.4% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 118,237 shares of the industrial products company’s stock valued at $8,732,000 after acquiring an additional 15,795 shares in the last quarter. Sapience Investments LLC acquired a new stake in Brady in the 4th quarter valued at approximately $2,519,000. Finally, NDVR Inc. boosted its position in Brady by 7.6% during the 4th quarter. NDVR Inc. now owns 3,883 shares of the industrial products company’s stock worth $287,000 after acquiring an additional 274 shares during the last quarter. Institutional investors and hedge funds own 76.28% of the company’s stock.

Brady Stock Up 0.9 %

Shares of NYSE BRC traded up $0.67 during trading hours on Tuesday, hitting $71.31. The stock had a trading volume of 182,779 shares, compared to its average volume of 253,650. The company has a market capitalization of $3.41 billion, a P/E ratio of 17.52 and a beta of 0.72. The firm’s 50-day moving average price is $72.54 and its two-hundred day moving average price is $73.67. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.25 and a current ratio of 1.84. Brady has a 52 week low of $57.89 and a 52 week high of $77.68.

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

Brady Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 9th will be issued a $0.24 dividend. The ex-dividend date is Wednesday, April 9th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.35%. Brady’s payout ratio is presently 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.