EntryPoint Capital LLC Takes Position in Brady Co. (NYSE:BRC)

EntryPoint Capital LLC bought a new position in Brady Co. (NYSE:BRC) in the 1st quarter, according to its most recent filing with the SEC. The institutional investor bought 1,118 shares of the industrial products company’s stock, valued at approximately $66,000.

A number of other hedge funds have also recently made changes to their positions in the stock. AXS Investments LLC raised its holdings in shares of Brady by 10.3% in the 4th quarter. AXS Investments LLC now owns 3,095 shares of the industrial products company’s stock valued at $182,000 after buying an additional 290 shares during the period. Parkside Financial Bank & Trust raised its stake in shares of Brady by 293.8% during the 4th quarter. Parkside Financial Bank & Trust now owns 575 shares of the industrial products company’s stock worth $34,000 after buying an additional 429 shares in the last quarter. Texas Permanent School Fund Corp increased its stake in Brady by 1.2% in the 1st quarter. Texas Permanent School Fund Corp now owns 39,202 shares of the industrial products company’s stock valued at $2,324,000 after purchasing an additional 480 shares in the last quarter. SYSTM Wealth Solutions LLC acquired a new stake in Brady during the 1st quarter valued at $35,000. Finally, Global Retirement Partners LLC boosted its holdings in shares of Brady by 1,107.4% during the first quarter. Global Retirement Partners LLC now owns 652 shares of the industrial products company’s stock worth $39,000 after purchasing an additional 598 shares during the last quarter. 76.28% of the stock is currently owned by hedge funds and other institutional investors.

Brady Stock Down 0.4 %

NYSE:BRC traded down $0.30 during mid-day trading on Friday, hitting $71.51. The company had a trading volume of 151,152 shares, compared to its average volume of 215,493. The business has a fifty day simple moving average of $66.84 and a 200-day simple moving average of $62.13. The company has a current ratio of 2.06, a quick ratio of 1.45 and a debt-to-equity ratio of 0.06. Brady Co. has a 1 year low of $48.60 and a 1 year high of $72.51. The firm has a market capitalization of $3.40 billion, a price-to-earnings ratio of 18.22, a PEG ratio of 2.25 and a beta of 0.77.

Brady (NYSE:BRC) last issued its earnings results on Wednesday, May 22nd. The industrial products company reported $1.09 EPS for the quarter, beating analysts’ consensus estimates of $1.02 by $0.07. The company had revenue of $343.40 million during the quarter, compared to the consensus estimate of $339.80 million. Brady had a return on equity of 19.61% and a net margin of 14.22%. Brady’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.95 earnings per share. Equities analysts forecast that Brady Co. will post 4.13 earnings per share for the current fiscal year.

Brady Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Wednesday, July 10th will be issued a dividend of $0.235 per share. The ex-dividend date of this dividend is Wednesday, July 10th. This represents a $0.94 annualized dividend and a dividend yield of 1.31%. Brady’s dividend payout ratio is 23.98%.

About Brady

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.