GAMMA Investing LLC raised its stake in shares of Brady Co. (NYSE:BRC - Free Report) by 7,044.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 138,454 shares of the industrial products company's stock after buying an additional 136,516 shares during the period. GAMMA Investing LLC owned approximately 0.29% of Brady worth $9,780,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Smartleaf Asset Management LLC raised its holdings in Brady by 213.6% during the fourth 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 in the last quarter. Principal Securities Inc. increased its position in shares of Brady by 378.1% during the 4th quarter. Principal Securities Inc. now owns 655 shares of the industrial products company's stock valued at $48,000 after purchasing an additional 518 shares during the period. Parkside Financial Bank & Trust raised its stake 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 worth $66,000 after buying an additional 143 shares in the last quarter. Kohmann Bosshard Financial Services LLC bought a new position in Brady during the fourth quarter valued at about $96,000. Finally, New Age Alpha Advisors LLC bought a new position in Brady during the fourth quarter valued at about $156,000. 76.28% of the stock is currently owned by institutional investors.
Brady Price Performance
Shares of NYSE:BRC traded up $0.37 on Friday, reaching $69.92. 131,494 shares of the company traded hands, compared to its average volume of 242,361. Brady Co. has a fifty-two week low of $62.70 and a fifty-two week high of $77.68. The company's 50 day moving average is $69.77 and its 200-day moving average is $72.12. The stock has a market capitalization of $3.31 billion, a PE ratio of 17.18 and a beta of 0.80. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.84 and a quick ratio of 1.25.
Brady (NYSE:BRC - Get Free Report) last announced its earnings results on Friday, May 16th. The industrial products company reported $1.22 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $1.22. Brady had a return on equity of 19.79% and a net margin of 14.19%. The company had revenue of $382.59 million for the quarter, compared to analyst estimates of $386.61 million. During the same period in the previous year, the firm earned $1.09 earnings per share. Brady's revenue for the quarter was up 11.4% compared to the same quarter last year. As a group, analysts anticipate that Brady Co. will post 4.55 earnings per share for the current fiscal year.
Brady Dividend Announcement
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 given a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 1.37%. The ex-dividend date of this dividend is Thursday, July 10th. Brady's dividend payout ratio (DPR) is currently 23.76%.
Analysts Set New Price Targets
Several equities research analysts have commented on the stock. Wall Street Zen cut shares of Brady from a "buy" rating to a "hold" rating in a research report on Friday. Sidoti upgraded shares of Brady to a "strong-buy" rating in a report on Monday, May 19th.
Get Our Latest Stock Report on BRC
About Brady
(
Free Report)
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.
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