ExodusPoint Capital Management LP Makes New Investment in Brady Co. (NYSE:BRC)

ExodusPoint Capital Management LP purchased a new stake in Brady Co. (NYSE:BRC - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 59,200 shares of the industrial products company's stock, valued at approximately $4,372,000. ExodusPoint Capital Management LP owned 0.12% of Brady as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently modified their holdings of the business. Smartleaf Asset Management LLC increased its holdings in Brady by 213.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 461 shares of the industrial products company's stock valued at $34,000 after purchasing an additional 314 shares during the period. Principal Securities Inc. increased its stake in shares of Brady by 378.1% in the fourth quarter. Principal Securities Inc. now owns 655 shares of the industrial products company's stock valued at $48,000 after buying an additional 518 shares during the period. Point72 DIFC Ltd raised its position in shares of Brady by 161.4% during the third quarter. Point72 DIFC Ltd now owns 651 shares of the industrial products company's stock worth $50,000 after acquiring an additional 402 shares during the last quarter. Parkside Financial Bank & Trust lifted its stake in shares of Brady by 19.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 893 shares of the industrial products company's stock worth $66,000 after acquiring an additional 143 shares during the period. Finally, Kohmann Bosshard Financial Services LLC bought a new stake in Brady in the fourth quarter valued at approximately $96,000. Institutional investors own 76.28% of the company's stock.

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Brady Trading Up 0.8 %

NYSE:BRC traded up $0.54 on Friday, reaching $67.61. 162,066 shares of the stock traded hands, compared to its average volume of 250,230. The firm has a market capitalization of $3.23 billion, a price-to-earnings ratio of 16.61 and a beta of 0.75. Brady Co. has a 1-year low of $57.89 and a 1-year high of $77.68. 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 company's 50 day moving average is $70.99 and its 200-day moving average is $73.15.

Brady (NYSE:BRC - Get Free Report) last posted its quarterly earnings data 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). The firm had revenue of $356.68 million for the quarter, compared to analyst estimates of $359.21 million. Brady had a return on equity of 19.79% and a net margin of 14.19%. During the same quarter last year, the company earned $0.93 earnings per share. Equities research analysts anticipate that Brady Co. will post 4.55 EPS for the current fiscal year.

Brady Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 9th will be paid a dividend of $0.24 per share. The ex-dividend date of this dividend is Wednesday, April 9th. This represents a $0.96 annualized dividend and a yield of 1.42%. Brady's dividend payout ratio is currently 24.00%.

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.