Brady Co. (NYSE:BRC) Shares Bought by GAMMA Investing LLC

GAMMA Investing LLC lifted its position in shares of Brady Co. (NYSE:BRC - Free Report) by 7,044.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 138,454 shares of the industrial products company's stock after purchasing an additional 136,516 shares during the quarter. GAMMA Investing LLC owned 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 have also made changes to their positions in the company. Parkside Financial Bank & Trust grew its stake in shares of Brady by 19.1% during 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 increased 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 acquiring an additional 153 shares in the last quarter. PNC Financial Services Group Inc. increased 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 acquiring an additional 157 shares in the last quarter. Chase Investment Counsel Corp increased its holdings in Brady by 3.9% in the 4th quarter. Chase Investment Counsel Corp now owns 4,836 shares of the industrial products company's stock worth $357,000 after acquiring an additional 181 shares in the last quarter. Finally, Ariel Investments LLC increased its holdings in Brady by 6.1% in the 4th quarter. Ariel Investments LLC now owns 3,840 shares of the industrial products company's stock worth $284,000 after acquiring an additional 220 shares in the last quarter. Institutional investors and hedge funds own 76.28% of the company's stock.

Brady Price Performance

NYSE BRC traded down $0.40 on Wednesday, hitting $69.53. The company had a trading volume of 276,328 shares, compared to its average volume of 241,898. The company has a market capitalization of $3.29 billion, a PE ratio of 17.08 and a beta of 0.80. The company's fifty day moving average price is $69.79 and its 200-day moving average price is $72.08. 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 Co. has a 12-month low of $62.70 and a 12-month high of $77.68.

Brady (NYSE:BRC - Get Free Report) last issued its quarterly earnings results on Friday, May 16th. The industrial products company reported $1.22 EPS for the quarter, hitting the consensus estimate of $1.22. Brady had a net margin of 14.19% and a return on equity of 19.79%. The company had revenue of $382.59 million during the quarter, compared to analyst estimates of $386.61 million. During the same quarter in the previous year, the firm earned $1.09 EPS. The firm's revenue was up 11.4% compared to the same quarter last year. As a group, analysts predict that Brady Co. will post 4.55 earnings per share for the current year.

Brady Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Thursday, July 10th will be paid a dividend of $0.24 per share. The ex-dividend date of this dividend is Thursday, July 10th. This represents a $0.96 annualized dividend and a yield of 1.38%. Brady's dividend payout ratio (DPR) is presently 23.76%.

Analysts Set New Price Targets

Several equities research analysts recently commented on BRC shares. Wall Street Zen lowered shares of Brady from a "buy" rating to a "hold" rating in a report on Friday, June 6th. Sidoti raised shares of 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.