Aristides Capital LLC Invests $240,000 in Brady Co. (NYSE:BRC)

Aristides Capital LLC acquired a new position in Brady Co. (NYSE:BRC) in the first quarter, Holdings Channel.com reports. The institutional investor acquired 4,051 shares of the industrial products company’s stock, valued at approximately $240,000.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Boston Partners raised its stake in Brady by 2,520.6% during the 4th quarter. Boston Partners now owns 465,465 shares of the industrial products company’s stock valued at $27,441,000 after purchasing an additional 447,703 shares during the last quarter. Vanguard Group Inc. raised its stake in Brady by 3.8% during the 3rd quarter. Vanguard Group Inc. now owns 5,301,138 shares of the industrial products company’s stock valued at $291,138,000 after purchasing an additional 195,475 shares during the last quarter. DekaBank Deutsche Girozentrale raised its stake in Brady by 69.1% during the 4th quarter. DekaBank Deutsche Girozentrale now owns 388,453 shares of the industrial products company’s stock valued at $22,743,000 after purchasing an additional 158,780 shares during the last quarter. Lord Abbett & CO. LLC raised its stake in Brady by 21.1% during the 1st quarter. Lord Abbett & CO. LLC now owns 610,505 shares of the industrial products company’s stock valued at $36,190,000 after purchasing an additional 106,219 shares during the last quarter. Finally, Heartland Advisors Inc. acquired a new position in Brady during the 4th quarter valued at $4,720,000. 76.28% of the stock is currently owned by institutional investors and hedge funds.

Brady Stock Performance

Brady stock traded down $0.30 on Friday, hitting $71.51. The company’s stock had a trading volume of 151,152 shares, compared to its average volume of 215,493. The firm has a market cap of $3.40 billion, a P/E ratio of 18.24, a price-to-earnings-growth ratio of 2.24 and a beta of 0.77. The company has a quick ratio of 1.45, a current ratio of 2.06 and a debt-to-equity ratio of 0.06. The company has a fifty day moving average price of $66.84 and a 200-day moving average price of $62.16. Brady Co. has a one year low of $48.60 and a one year high of $72.51.

Brady (NYSE:BRC) last announced its quarterly earnings results on Wednesday, May 22nd. The industrial products company reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.02 by $0.07. The firm had revenue of $343.40 million for 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%. The business’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.95 EPS. On average, equities analysts anticipate that Brady Co. will post 4.13 earnings per share for the current year.

Brady Dividend Announcement

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

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.