Brady (NYSE:BRC) Shares Gap Down Following Weak Earnings

Brady Co. (NYSE:BRC) shares gapped down before the market opened on Friday following a dissappointing earnings announcement. The stock had previously closed at $74.58, but opened at $70.34. Brady shares last traded at $69.42, with a volume of 47,687 shares traded.

The industrial products company reported $1.00 earnings per share 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%. During the same period last year, the business posted $0.93 EPS.

Brady Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Friday, January 10th were paid a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 1.38%. The ex-dividend date was Friday, January 10th. Brady’s dividend payout ratio (DPR) is presently 23.59%.

Hedge Funds Weigh In On Brady

Several large investors have recently modified their holdings of BRC. Smartleaf Asset Management LLC lifted its stake in shares of Brady by 213.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 461 shares of the industrial products company’s stock valued at $34,000 after purchasing an additional 314 shares during the last quarter. Principal Securities Inc. raised its holdings in shares of Brady by 378.1% in the 4th quarter. Principal Securities Inc. now owns 655 shares of the industrial products company’s stock valued at $48,000 after buying an additional 518 shares during the period. Point72 DIFC Ltd raised its holdings in shares of 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 buying an additional 402 shares during the period. Parkside Financial Bank & Trust raised its holdings 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 valued at $66,000 after buying an additional 143 shares during the period. Finally, Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Brady in the 4th quarter valued at $96,000. Institutional investors and hedge funds own 76.28% of the company’s stock.

Brady Price Performance

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 stock has a market cap of $3.33 billion, a PE ratio of 17.11 and a beta of 0.76. The company has a fifty day moving average of $74.06 and a 200-day moving average of $73.81.

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.