Brady Co. (NYSE:BRC) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC reduced its holdings in Brady Co. (NYSE:BRC) by 1.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,279 shares of the industrial products company’s stock after selling 305 shares during the quarter. Yousif Capital Management LLC’s holdings in Brady were worth $1,202,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Point72 DIFC Ltd raised its stake in Brady by 161.4% during the third quarter. Point72 DIFC Ltd now owns 651 shares of the industrial products company’s stock worth $50,000 after purchasing an additional 402 shares during the period. KBC Group NV boosted its stake in shares of Brady by 84.2% in the fourth quarter. KBC Group NV now owns 1,789 shares of the industrial products company’s stock valued at $132,000 after purchasing an additional 818 shares during the period. GAMMA Investing LLC increased its stake in Brady by 10.5% during the 4th quarter. GAMMA Investing LLC now owns 1,938 shares of the industrial products company’s stock worth $143,000 after buying an additional 184 shares during the period. Farther Finance Advisors LLC increased its position in shares of Brady by 10,983.3% during the third quarter. Farther Finance Advisors LLC now owns 1,995 shares of the industrial products company’s stock worth $153,000 after acquiring an additional 1,977 shares during the last quarter. Finally, Advisors Asset Management Inc. boosted its holdings in Brady by 173.9% in the third quarter. Advisors Asset Management Inc. now owns 2,342 shares of the industrial products company’s stock valued at $179,000 after purchasing an additional 1,487 shares during the last quarter. 76.28% of the stock is currently owned by hedge funds and other institutional investors.

Brady Stock Up 1.1 %

BRC stock opened at $73.62 on Friday. The company has a current ratio of 1.84, a quick ratio of 1.25 and a debt-to-equity ratio of 0.11. The firm has a 50 day simple moving average of $74.33 and a 200-day simple moving average of $73.72. The company has a market capitalization of $3.52 billion, a P/E ratio of 18.09 and a beta of 0.76. Brady Co. has a twelve month low of $56.09 and a twelve month high of $77.68.

Brady (NYSE:BRC) last released its earnings results on Monday, November 18th. The industrial products company reported $1.12 EPS for the quarter, topping analysts’ consensus estimates of $1.10 by $0.02. The company had revenue of $377.10 million for the quarter, compared to the consensus estimate of $365.88 million. Brady had a return on equity of 19.79% and a net margin of 14.19%. Brady’s quarterly revenue was up 13.6% compared to the same quarter last year. During the same quarter last year, the business posted $1.00 EPS. On average, equities 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 was paid on Friday, January 31st. Investors of record on Friday, January 10th were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Friday, January 10th. This represents a $0.96 dividend on an annualized basis and a yield of 1.30%. Brady’s dividend payout ratio is currently 23.59%.

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.