Brady Co. (NYSE:BRC) Short Interest Update

Brady Co. (NYSE:BRC) was the recipient of a large decrease in short interest in the month of 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. Based on an average daily trading volume, of 291,200 shares, the days-to-cover ratio is presently 1.5 days. Currently, 1.0% of the shares of the company are short sold.

Brady Stock Performance

Shares of BRC opened at $70.40 on Friday. The firm has a market capitalization of $3.36 billion, a P/E ratio of 17.30 and a beta of 0.72. 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 business has a fifty day moving average of $72.67 and a 200 day moving average of $73.70. Brady has a one year low of $57.89 and a one year high of $77.68.

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

Brady Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 9th will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Wednesday, April 9th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.36%. Brady’s payout ratio is currently 24.00%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Smartleaf Asset Management LLC boosted its stake in Brady by 213.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 461 shares of the industrial products company’s stock worth $34,000 after purchasing an additional 314 shares during the period. Principal Securities Inc. grew its stake in Brady by 378.1% during the fourth quarter. Principal Securities Inc. now owns 655 shares of the industrial products company’s stock valued at $48,000 after acquiring an additional 518 shares in the last quarter. Point72 DIFC Ltd increased its holdings in Brady by 161.4% in the 3rd quarter. Point72 DIFC Ltd now owns 651 shares of the industrial products company’s stock valued at $50,000 after acquiring an additional 402 shares during the last quarter. Parkside Financial Bank & Trust lifted its stake in 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. Finally, Kohmann Bosshard Financial Services LLC bought a new position in shares of Brady during the 4th quarter valued at about $96,000. Institutional investors own 76.28% of the company’s stock.

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.