8,464 Shares in Brady Corporation (NYSE:BRC) Acquired by Entropy Technologies LP

Key Points

• Entropy Technologies LP invested approximately $598,000 in Brady Corporation during the first quarter by acquiring 8,464 shares in the company.
• Brady Corporation reported earnings of $1.22 per share for the last quarter, matching analysts' expectations, and had a revenue of $382.59 million.
• In addition to its financial performance, Brady declared a quarterly dividend of $0.24 per share, leading to an annual yield of 1.3%.

Entropy Technologies LP acquired a new position in shares of Brady Corporation (NYSE:BRC - Free Report) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 8,464 shares of the industrial products company's stock, valued at approximately $598,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in BRC. LPL Financial LLC acquired a new stake in shares of Brady in the fourth quarter valued at approximately $318,000. Envestnet Asset Management Inc. boosted its position in Brady by 109.1% during the fourth quarter. Envestnet Asset Management Inc. now owns 12,779 shares of the industrial products company's stock valued at $944,000 after purchasing an additional 6,669 shares during the last quarter. Bank of Montreal Can grew its stake in Brady by 11.2% in the fourth quarter. Bank of Montreal Can now owns 5,670 shares of the industrial products company's stock valued at $419,000 after purchasing an additional 572 shares in the last quarter. Invesco Ltd. boosted its holdings in shares of Brady by 9.7% in the 4th quarter. Invesco Ltd. now owns 686,923 shares of the industrial products company's stock valued at $50,729,000 after buying an additional 60,737 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of Brady in the fourth quarter valued at $1,865,000. 76.28% of the stock is currently owned by institutional investors and hedge funds.

Brady Stock Performance

Shares of BRC stock traded down $0.26 during midday trading on Friday, hitting $72.40. 129,563 shares of the company were exchanged, compared to its average volume of 225,552. The firm has a market capitalization of $3.43 billion, a P/E ratio of 17.92 and a beta of 0.81. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.26 and a current ratio of 1.87. The firm's 50 day moving average price is $69.42 and its two-hundred day moving average price is $70.46. Brady Corporation has a 52 week low of $62.70 and a 52 week high of $77.68.

Brady (NYSE:BRC - Get Free Report) last released its quarterly earnings results on Friday, May 16th. The industrial products company reported $1.22 earnings per share for the quarter, meeting analysts' consensus estimates of $1.22. The company had revenue of $382.59 million during the quarter, compared to the consensus estimate of $386.61 million. Brady had a net margin of 13.35% and a return on equity of 19.57%. The firm's quarterly revenue was up 11.4% on a year-over-year basis. During the same period in the previous year, the business earned $1.09 earnings per share. As a group, equities research analysts anticipate that Brady Corporation will post 4.55 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have recently commented on BRC. Sidoti raised shares of Brady to a "strong-buy" rating in a research report on Monday, May 19th. Wall Street Zen downgraded shares of Brady from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th.

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.