Allianz Asset Management GmbH Purchases 118,133 Shares of Brady Corporation (NYSE:BRC)

Allianz Asset Management GmbH raised its holdings in shares of Brady Corporation (NYSE:BRC - Free Report) by 29.7% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 516,499 shares of the industrial products company's stock after buying an additional 118,133 shares during the period. Allianz Asset Management GmbH owned about 1.08% of Brady worth $36,485,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in BRC. New Age Alpha Advisors LLC purchased a new stake in shares of Brady in the 4th quarter valued at approximately $156,000. KBC Group NV increased its stake in shares of Brady by 33.7% during the 1st quarter. KBC Group NV now owns 2,391 shares of the industrial products company's stock worth $169,000 after purchasing an additional 602 shares during the last quarter. NBC Securities Inc. increased its stake in shares of Brady by 99,900.0% during the 1st quarter. NBC Securities Inc. now owns 3,000 shares of the industrial products company's stock worth $211,000 after purchasing an additional 2,997 shares during the last quarter. apricus wealth LLC acquired a new position in shares of Brady during the 1st quarter worth $218,000. Finally, Hancock Whitney Corp acquired a new stake in shares of Brady in the fourth quarter valued at about $219,000. 76.28% of the stock is currently owned by institutional investors.

Brady Price Performance

BRC stock traded up $0.05 during trading on Thursday, hitting $70.31. 134,167 shares of the stock traded hands, compared to its average volume of 176,675. Brady Corporation has a one year low of $62.70 and a one year high of $77.68. The stock has a market cap of $3.33 billion, a price-to-earnings ratio of 17.40 and a beta of 0.79. The company has a current ratio of 1.87, a quick ratio of 1.26 and a debt-to-equity ratio of 0.09. The company has a 50 day simple moving average of $69.21 and a 200 day simple moving average of $70.73.

Brady (NYSE:BRC - Get Free Report) last announced its earnings results on Friday, May 16th. The industrial products company reported $1.22 earnings per share for the quarter, hitting analysts' consensus estimates of $1.22. Brady had a net margin of 13.35% and a return on equity of 19.57%. The company had revenue of $382.59 million during the quarter, compared to the consensus estimate of $386.61 million. During the same period in the previous year, the firm posted $1.09 earnings per share. The company's revenue was up 11.4% on a year-over-year basis. Equities analysts expect that Brady Corporation will post 4.55 EPS for the current fiscal year.

Brady Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Thursday, July 10th will be given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 1.37%. The ex-dividend date of this dividend is Thursday, July 10th. Brady's dividend payout ratio is 23.76%.

Analyst Upgrades and Downgrades

BRC has been the topic of several research analyst reports. Sidoti raised Brady to a "strong-buy" rating in a research report on Monday, May 19th. Wall Street Zen upgraded shares of Brady from a "hold" rating to a "buy" rating in a research report on Saturday, June 14th.

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.