Jane Street Group LLC Sells 41,889 Shares of Brady Co. (NYSE:BRC)

Jane Street Group LLC reduced its stake in Brady Co. (NYSE:BRC) by 77.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 12,343 shares of the industrial products company’s stock after selling 41,889 shares during the quarter. Jane Street Group LLC’s holdings in Brady were worth $912,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Parkside Financial Bank & Trust raised its holdings 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 during the period. Atria Investments Inc raised its holdings in 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 during the period. PNC Financial Services Group Inc. raised its holdings in 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 during the period. Andina Capital Management LLC raised its holdings in Brady by 3.2% during the fourth quarter. Andina Capital Management LLC now owns 5,718 shares of the industrial products company’s stock valued at $422,000 after acquiring an additional 179 shares during the period. Finally, Chase Investment Counsel Corp raised its holdings in Brady by 3.9% during the fourth quarter. Chase Investment Counsel Corp now owns 4,836 shares of the industrial products company’s stock valued at $357,000 after acquiring an additional 181 shares during the period. 76.28% of the stock is owned by institutional investors.

Brady Price Performance

NYSE:BRC opened at $68.96 on Friday. The company has a quick ratio of 1.25, a current ratio of 1.84 and a debt-to-equity ratio of 0.11. The business’s 50-day simple moving average is $70.01 and its two-hundred day simple moving average is $72.44. The stock has a market cap of $3.29 billion, a PE ratio of 16.94 and a beta of 0.86. Brady Co. has a 52 week low of $62.70 and a 52 week high of $77.68.

Brady (NYSE:BRC) last posted its quarterly earnings results on Friday, May 16th. The industrial products company reported $1.22 EPS for the quarter, meeting analysts’ consensus estimates 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 analysts’ expectations of $386.61 million. During the same period last year, the firm earned $1.09 earnings per share. The business’s quarterly revenue was up 11.4% on a year-over-year basis. As a group, analysts forecast that Brady Co. will post 4.55 EPS for the current fiscal year.

Brady Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Thursday, July 10th will be issued 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 1.39%. Brady’s dividend payout ratio (DPR) is 23.76%.

Analyst Ratings Changes

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

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.