Hudson Edge Investment Partners Inc. Purchases New Holdings in Brady Corporation (NYSE:BRC)

Hudson Edge Investment Partners Inc. purchased a new stake in Brady Corporation (NYSE:BRC - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 12,541 shares of the industrial products company's stock, valued at approximately $886,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Smartleaf Asset Management LLC increased its stake in shares of Brady by 213.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 461 shares of the industrial products company's stock valued at $34,000 after buying an additional 314 shares during the period. New Age Alpha Advisors LLC bought a new stake in shares of Brady during the 4th quarter valued at about $156,000. KBC Group NV boosted its position in shares of Brady by 33.7% during the 1st quarter. KBC Group NV now owns 2,391 shares of the industrial products company's stock valued at $169,000 after purchasing an additional 602 shares in the last quarter. Hancock Whitney Corp bought a new stake in shares of Brady during the 4th quarter valued at about $219,000. Finally, NBC Securities Inc. boosted its position in shares of Brady by 99,900.0% during the 1st quarter. NBC Securities Inc. now owns 3,000 shares of the industrial products company's stock valued at $211,000 after purchasing an additional 2,997 shares in the last quarter. Institutional investors and hedge funds own 76.28% of the company's stock.

Analyst Ratings Changes

Several brokerages recently commented on BRC. Sidoti upgraded Brady to a "strong-buy" rating in a research report on Monday, May 19th. Wall Street Zen upgraded Brady from a "hold" rating to a "buy" rating in a research report on Saturday, June 14th.

Brady Trading Up 0.6%

Shares of Brady stock traded up $0.42 on Friday, hitting $69.68. 183,776 shares of the company's stock traded hands, compared to its average volume of 245,563. Brady Corporation has a one year low of $62.70 and a one year high of $77.68. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.87 and a quick ratio of 1.26. The company has a fifty day moving average of $70.14 and a two-hundred day moving average of $71.18. The company has a market capitalization of $3.30 billion, a price-to-earnings ratio of 17.25 and a beta of 0.79.

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

Brady Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Thursday, July 10th will be issued a $0.24 dividend. 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 payout ratio is currently 23.76%.

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.