Brady Co. (NYSE:BRC) Shares Acquired by Aristides Capital LLC

Aristides Capital LLC increased its position in shares of Brady Co. (NYSE:BRC) by 39.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,353 shares of the industrial products company’s stock after acquiring an additional 1,233 shares during the quarter. Aristides Capital LLC’s holdings in Brady were worth $321,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of BRC. Nordea Investment Management AB boosted its holdings in Brady by 18.5% in the 4th quarter. Nordea Investment Management AB now owns 94,174 shares of the industrial products company’s stock valued at $6,945,000 after purchasing an additional 14,702 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its holdings in Brady by 18.2% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 177,324 shares of the industrial products company’s stock valued at $13,095,000 after acquiring an additional 27,293 shares during the last quarter. KBC Group NV grew its position in Brady by 84.2% in the fourth quarter. KBC Group NV now owns 1,789 shares of the industrial products company’s stock worth $132,000 after acquiring an additional 818 shares during the period. Charles Schwab Investment Management Inc. increased its stake in Brady by 15.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 450,148 shares of the industrial products company’s stock worth $33,243,000 after acquiring an additional 59,752 shares during the last quarter. Finally, Prentiss Smith & Co. Inc. raised its position in Brady by 50.2% in the fourth quarter. Prentiss Smith & Co. Inc. now owns 54,509 shares of the industrial products company’s stock valued at $4,025,000 after purchasing an additional 18,228 shares during the period. Hedge funds and other institutional investors own 76.28% of the company’s stock.

Brady Stock Performance

NYSE BRC opened at $66.64 on Monday. The stock has a fifty day simple moving average of $72.22 and a 200-day simple moving average of $73.57. The company has a current ratio of 1.84, a quick ratio of 1.25 and a debt-to-equity ratio of 0.11. The stock has a market cap of $3.18 billion, a PE ratio of 16.37 and a beta of 0.75. Brady Co. has a twelve month low of $57.89 and a twelve month high of $77.68.

Brady (NYSE:BRC) last announced 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 return on equity of 19.79% and a net margin of 14.19%. The company had revenue of $356.68 million for the quarter, compared to analysts’ expectations of $359.21 million. During the same period last year, the business earned $0.93 EPS. Equities analysts anticipate that Brady Co. will post 4.55 earnings per share for the current year.

Brady Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 9th will be paid a $0.24 dividend. The ex-dividend date is Wednesday, April 9th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.44%. Brady’s payout ratio is presently 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.