Alambic Investment Management L.P. lifted its stake in shares of Brady Co. (NYSE:BRC) by 31.9% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 61,146 shares of the industrial products company’s stock after purchasing an additional 14,800 shares during the period. Alambic Investment Management L.P. owned about 0.12% of Brady worth $2,272,000 as of its most recent filing with the SEC.
Several other hedge funds also recently modified their holdings of the company. BlackRock Inc. lifted its position in shares of Brady by 3.3% during the fourth quarter. BlackRock Inc. now owns 6,081,722 shares of the industrial products company’s stock worth $230,496,000 after purchasing an additional 196,730 shares during the last quarter. Wells Fargo & Company MN lifted its position in shares of Brady by 10.1% during the first quarter. Wells Fargo & Company MN now owns 1,252,337 shares of the industrial products company’s stock worth $46,525,000 after purchasing an additional 114,449 shares during the last quarter. William Blair Investment Management LLC lifted its position in shares of Brady by 5.7% during the fourth quarter. William Blair Investment Management LLC now owns 894,114 shares of the industrial products company’s stock worth $33,887,000 after purchasing an additional 48,388 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in Brady by 17.3% in the fourth quarter. Goldman Sachs Group Inc. now owns 879,895 shares of the industrial products company’s stock worth $33,349,000 after acquiring an additional 130,046 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in Brady by 1.7% in the fourth quarter. Geode Capital Management LLC now owns 585,208 shares of the industrial products company’s stock worth $22,178,000 after acquiring an additional 9,572 shares during the last quarter. 79.43% of the stock is currently owned by institutional investors and hedge funds.
Shares of NYSE BRC opened at $38.90 on Friday. The company has a current ratio of 2.41, a quick ratio of 1.75 and a debt-to-equity ratio of 0.10. Brady Co. has a 52-week low of $37.30 and a 52-week high of $37.90. The stock has a market capitalization of $1.94 billion, a price-to-earnings ratio of 22.23, a price-to-earnings-growth ratio of 2.52 and a beta of 1.13.
Brady (NYSE:BRC) last issued its earnings results on Thursday, February 22nd. The industrial products company reported $0.48 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.44 by $0.04. Brady had a net margin of 6.82% and a return on equity of 14.10%. The firm had revenue of $287.78 million for the quarter, compared to analysts’ expectations of $277.17 million. During the same quarter last year, the company posted $0.40 earnings per share. Brady’s revenue was up 7.4% on a year-over-year basis. analysts anticipate that Brady Co. will post 1.98 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Monday, April 30th. Shareholders of record on Monday, April 9th were issued a $0.2075 dividend. The ex-dividend date of this dividend was Friday, April 6th. This represents a $0.83 dividend on an annualized basis and a yield of 2.13%. Brady’s dividend payout ratio is currently 47.43%.
Separately, Zacks Investment Research raised shares of Brady from a “hold” rating to a “buy” rating and set a $43.00 target price on the stock in a report on Tuesday, February 27th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $39.50.
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 IDS segment offers safety signs, pipe markers, labeling systems, spill control products, and lockout/tagout devices for facility identification and protection; materials and printing systems for product identification, brand protection labeling, work in process labeling, and finished product identification; and hand-held printers, wire markers, sleeves, and tags for wire identification, as well as software and services for safety compliance auditing, procedure writing, and training.
Want to see what other hedge funds are holding BRC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Brady Co. (NYSE:BRC).
Receive News & Ratings for Brady Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brady and related companies with MarketBeat.com's FREE daily email newsletter.