Teachers Retirement System of The State of Kentucky maintained its stake in shares of Brady Corporation (NYSE:BRC) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,800 shares of the industrial products company’s stock at the end of the first quarter. Teachers Retirement System of The State of Kentucky’s holdings in Brady Corporation were worth $611,000 as of its most recent filing with the SEC.
Other hedge funds also recently made changes to their positions in the company. FormulaFolio Investments LLC increased its stake in shares of Brady Corporation by 0.4% in the first quarter. FormulaFolio Investments LLC now owns 9,134 shares of the industrial products company’s stock valued at $353,000 after buying an additional 33 shares during the period. State of Alaska Department of Revenue increased its stake in shares of Brady Corporation by 2.3% in the first quarter. State of Alaska Department of Revenue now owns 5,260 shares of the industrial products company’s stock valued at $203,000 after buying an additional 120 shares during the period. Suntrust Banks Inc. increased its stake in shares of Brady Corporation by 1.6% in the first quarter. Suntrust Banks Inc. now owns 7,933 shares of the industrial products company’s stock valued at $306,000 after buying an additional 128 shares during the period. Capital One National Association increased its stake in shares of Brady Corporation by 1.0% in the first quarter. Capital One National Association now owns 20,394 shares of the industrial products company’s stock valued at $788,000 after buying an additional 197 shares during the period. Finally, Municipal Employees Retirement System of Michigan increased its stake in shares of Brady Corporation by 1.6% in the first quarter. Municipal Employees Retirement System of Michigan now owns 13,400 shares of the industrial products company’s stock valued at $518,000 after buying an additional 210 shares during the period. Hedge funds and other institutional investors own 74.88% of the company’s stock.
Shares of Brady Corporation (BRC) opened at 32.50 on Thursday. The stock has a 50 day moving average of $33.29 and a 200-day moving average of $36.59. Brady Corporation has a 12-month low of $31.80 and a 12-month high of $40.50. The firm has a market capitalization of $1.67 billion, a P/E ratio of 17.57 and a beta of 1.12.
Brady Corporation (NYSE:BRC) last posted its quarterly earnings results on Thursday, May 25th. The industrial products company reported $0.43 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.43. The firm had revenue of $275.90 million for the quarter, compared to analysts’ expectations of $279.39 million. Brady Corporation had a return on equity of 14.44% and a net margin of 8.64%. The company’s revenue for the quarter was down 3.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.42 EPS. On average, equities research analysts predict that Brady Corporation will post $1.81 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Monday, July 31st. Investors of record on Monday, July 10th were issued a $0.205 dividend. This represents a $0.82 dividend on an annualized basis and a dividend yield of 2.52%. The ex-dividend date of this dividend was Thursday, July 6th. Brady Corporation’s dividend payout ratio is currently 44.32%.
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Several brokerages have commented on BRC. Zacks Investment Research downgraded shares of Brady Corporation from a “buy” rating to a “hold” rating in a report on Monday, May 29th. BidaskClub downgraded shares of Brady Corporation from a “sell” rating to a “strong sell” rating in a report on Thursday, June 22nd. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $38.75.
Brady Corporation Company Profile
Brady Corporation is a manufacturer and supplier of identification solutions and workplace safety products that identify and protect premises, products and people. The Company has two segments: Identification Solutions (IDS) and Workplace Safety (WPS). The IDS segment includes identification and healthcare products, and the WPS segment includes workplace safety and compliance products.
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