Ohio-Based Strs Increases Investment in Brady Corporation by 85% in Q1
July 25, 2023
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Brady Corporation ($NYSE:BRC), a Milwaukee-based specialty manufacturer and marketer of complete solutions that identify and protect people, products, and places, was recently the recipient of a major investment from Ohio-based Strs. During the first quarter, Strs increased their stake in the company by 85%, according to their 13F filing with the Securities and Exchange Commission. The move by Strs highlights their confidence in Brady Corporation’s ability to deliver products that meet customer needs in the areas of safety, security, productivity and responsibility. The company serves a variety of industries, including retail, electronics, food and beverage, healthcare and more, by offering high-quality products and services that help identify and protect people, environments, and products. Brady Corporation’s diverse lines of products include professional identification equipment and supplies, lockout/tagout products, safety signs, labeling systems, software and services, and other related products.
Brady Corporation’s commitment to providing innovative solutions that increase safety and productivity has led to continued success for the company. The 85% increase in investment from Strs is a testament to Brady Corporation’s strong performance and potential for continued growth in the future. The additional funds will further enable the company to reach its goals of delivering the highest quality products and services to its customers.
Analysis
After conducting an analysis of BRADY CORPORATION‘s wellbeing, GoodWhale has classified the company as a ‘rhino.’ This suggests that BRADY CORPORATION is achieving moderate revenue or earnings growth. Investors who may be interested in such a company could include those who prioritize stability and security. BRADY CORPORATION is extremely healthy, scoring a 10/10 with regard to their cashflows and debt. This makes them well-equipped to safely ride out any crisis without the risk of bankruptcy. Additionally, the company is strong in asset, dividend, and profitability, and medium in terms of growth. These qualities make BRADY CORPORATION an attractive investment for those seeking a balance of security and returns. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Brady Corporation. More…
| Total Revenues | Net Income | Net Margin |
| 1.31k | 165.73 | 12.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Brady Corporation. More…
| Operations | Investing | Financing |
| 183.07 | -25.9 | -126.26 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Brady Corporation. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.38k | 381.67 | 19.48 |
Key Ratios Snapshot
Some of the financial key ratios for Brady Corporation are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 5.2% | 9.5% | 16.7% |
| FCF Margin | ROE | ROA |
| 11.4% | 14.0% | 10.0% |
Peers
Brady manufactures and markets products for identification, safety, security and compliance. Some of Brady’s competitors include Viscount Systems Inc, Nohmi Bosai Ltd, and Sentry Technology Corp.
– Viscount Systems Inc ($OTCPK:VSYS)
Viscount Systems Inc is a Canadian company that provides software and hardware solutions for the security industry. The company has a market cap of 508.16k as of 2022 and a Return on Equity of 35.63%. Viscount Systems Inc provides software and hardware solutions for the security industry. The company’s products include video surveillance, access control, and intrusion detection systems.
– Nohmi Bosai Ltd ($TSE:6744)
Nohmi Bosai Ltd is a leading provider of fire protection and security products and services. The company has a market capitalization of 97.11 billion as of 2022 and a return on equity of 6.35%. Nohmi Bosai Ltd provides a range of products and services including fire extinguishers, sprinklers, alarms, and security systems. The company has a strong reputation for quality and innovation, and is a market leader in its field.
– Sentry Technology Corp ($OTCPK:SKVY)
Sentry Technology Corp is a provider of security solutions. The company offers a range of products and services that include intrusion detection, video surveillance, access control, and perimeter security. Sentry Technology Corp has a market cap of 3.59M as of 2022. The company’s Return on Equity is 0.3%.
Summary
Brady Corporation recently experienced a drastic increase in investments by Strs Ohio in the first quarter. This 85.0% increase in holdings reflects the confidence investors have in the company’s potential. Analysts suggest that Brady Corporation is positioned to perform well in the near future due to its healthy balance sheet and diverse product portfolio.
Brady Corporation offers numerous solutions in the safety, identification and security markets, thus allowing it to tap into various markets and expand its customer base. Analysts recommend that investors take a closer look at Brady Corporation given its long-term growth prospects.
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