Inspire Investing LLC Buys 3,422 Shares of Brady Co. (NYSE:BRC)

Inspire Investing LLC increased its holdings in shares of Brady Co. (NYSE:BRC) by 11.8% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 32,339 shares of the industrial products company’s stock after purchasing an additional 3,422 shares during the period. Inspire Investing LLC owned 0.07% of Brady worth $1,917,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of BRC. AXS Investments LLC grew its stake in shares of Brady by 10.3% in the fourth quarter. AXS Investments LLC now owns 3,095 shares of the industrial products company’s stock worth $182,000 after purchasing an additional 290 shares during the last quarter. Diversified Trust Co grew its position in shares of Brady by 3.0% during the 4th quarter. Diversified Trust Co now owns 12,705 shares of the industrial products company’s stock valued at $746,000 after acquiring an additional 375 shares during the period. Parkside Financial Bank & Trust grew its position 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 valued at $34,000 after acquiring an additional 429 shares during the period. Texas Permanent School Fund Corp lifted its stake in shares of Brady by 1.2% during 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 buying an additional 480 shares in the last quarter. Finally, SYSTM Wealth Solutions LLC purchased a new stake in Brady in the 1st quarter worth approximately $35,000. 76.28% of the stock is currently owned by institutional investors and hedge funds.

Brady Stock Up 2.1 %

NYSE:BRC traded up $1.37 during mid-day trading on Tuesday, hitting $68.16. 115,597 shares of the company’s stock were exchanged, compared to its average volume of 299,724. The business has a fifty day moving average price of $65.09 and a 200 day moving average price of $61.49. The company has a market cap of $3.24 billion, a PE ratio of 17.03, a P/E/G ratio of 2.06 and a beta of 0.77. Brady Co. has a one year low of $47.40 and a one year high of $68.80. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.06 and a quick ratio of 1.45.

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

Brady Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Wednesday, July 10th will be given a $0.235 dividend. This represents a $0.94 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date is Wednesday, July 10th. Brady’s payout ratio is currently 23.98%.

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.