Bryn Mawr Capital Management LLC Takes Position in Brady Co. (NYSE:BRC)

Bryn Mawr Capital Management LLC acquired a new stake in shares of Brady Co. (NYSE:BRC) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 2,878 shares of the industrial products company’s stock, valued at approximately $213,000.

A number of other hedge funds also recently made changes to their positions in the stock. Y Intercept Hong Kong Ltd purchased a new stake in Brady during the fourth quarter valued at about $341,000. Transcend Capital Advisors LLC increased its position in shares of Brady by 12.8% during the 4th quarter. Transcend Capital Advisors LLC now owns 15,893 shares of the industrial products company’s stock valued at $1,174,000 after purchasing an additional 1,805 shares during the last quarter. Allianz Asset Management GmbH raised its holdings in shares of Brady by 10.6% during the 4th quarter. Allianz Asset Management GmbH now owns 398,366 shares of the industrial products company’s stock valued at $29,419,000 after buying an additional 38,139 shares in the last quarter. Ieq Capital LLC bought a new stake in Brady in the 4th quarter worth approximately $393,000. Finally, Principal Financial Group Inc. boosted its stake in Brady by 3.5% in the fourth quarter. Principal Financial Group Inc. now owns 211,174 shares of the industrial products company’s stock worth $15,595,000 after buying an additional 7,083 shares in the last quarter. 76.28% of the stock is owned by institutional investors.

Brady Trading Down 0.3 %

BRC stock opened at $72.91 on Friday. Brady Co. has a one year low of $56.59 and a one year high of $77.68. The company has a market capitalization of $3.48 billion, a PE ratio of 17.91 and a beta of 0.76. The company’s 50 day moving average price is $73.84 and its two-hundred day moving average price is $73.92. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.25 and a current ratio of 1.84.

Brady (NYSE:BRC) last posted its quarterly 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 return on equity of 19.79% and a net margin of 14.19%. The business had revenue of $356.68 million during the quarter, compared to the consensus estimate of $359.21 million. During the same period in the prior year, the firm earned $0.93 earnings per share. As a group, analysts predict that Brady Co. will post 4.55 earnings per share for the current fiscal year.

Brady Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 9th will be given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 1.32%. Brady’s payout ratio is 24.00%.

Brady 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.