Bryn Mawr Capital Management LLC Invests $158,000 in Brady Co. (NYSE:BRC)

Bryn Mawr Capital Management LLC acquired a new position in shares of Brady Co. (NYSE:BRC) in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 2,146 shares of the industrial products company’s stock, valued at approximately $158,000.

Several other institutional investors and hedge funds have also made changes to their positions in the business. FMR LLC boosted its position in shares of Brady by 39.5% during the 3rd quarter. FMR LLC now owns 2,658,925 shares of the industrial products company’s stock worth $203,753,000 after acquiring an additional 753,092 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Brady by 7.4% in the 3rd quarter. Geode Capital Management LLC now owns 658,093 shares of the industrial products company’s stock valued at $50,445,000 after purchasing an additional 45,206 shares during the last quarter. Lord Abbett & CO. LLC lifted its holdings in shares of Brady by 2.9% in the 3rd quarter. Lord Abbett & CO. LLC now owns 618,841 shares of the industrial products company’s stock valued at $47,422,000 after purchasing an additional 17,682 shares during the last quarter. Royce & Associates LP lifted its holdings in shares of Brady by 27.1% in the 3rd quarter. Royce & Associates LP now owns 555,792 shares of the industrial products company’s stock valued at $42,590,000 after purchasing an additional 118,557 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its holdings in shares of Brady by 0.4% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 480,924 shares of the industrial products company’s stock valued at $35,516,000 after purchasing an additional 1,867 shares during the last quarter. 76.28% of the stock is owned by institutional investors and hedge funds.

Brady Stock Down 6.6 %

Brady stock opened at $69.65 on Friday. Brady Co. has a fifty-two week low of $56.09 and a fifty-two week high of $77.68. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.25 and a current ratio of 1.84. The company has a market capitalization of $3.33 billion, a P/E ratio of 17.11 and a beta of 0.76. The stock has a 50-day simple moving average of $74.06 and a 200-day simple moving average of $73.85.

Brady (NYSE:BRC) last posted its earnings results on Friday, February 21st. The industrial products company reported $1.00 earnings per share for the quarter, missing the consensus estimate of $1.03 by ($0.03). Brady had a net margin of 14.19% and a return on equity of 19.79%. The firm had revenue of $356.68 million during the quarter, compared to analysts’ expectations of $359.21 million. During the same period in the previous year, the firm posted $0.93 earnings per share. Equities research analysts expect that Brady Co. will post 4.55 earnings per share for the current year.

Brady Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Friday, January 10th were paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 1.38%. The ex-dividend date was Friday, January 10th. Brady’s dividend payout ratio is presently 23.59%.

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.