Brady Corporation (NYSE:BRC) Shares Sold by AMH Equity Ltd

AMH Equity Ltd trimmed its stake in Brady Corporation (NYSE:BRC - Free Report) by 16.7% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 25,000 shares of the industrial products company's stock after selling 5,000 shares during the period. Brady comprises 2.7% of AMH Equity Ltd's investment portfolio, making the stock its 12th biggest holding. AMH Equity Ltd owned approximately 0.05% of Brady worth $1,766,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in the stock. New Age Alpha Advisors LLC purchased a new position in shares of Brady in the fourth quarter valued at approximately $156,000. KBC Group NV lifted its holdings in 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 buying an additional 602 shares in the last quarter. Hancock Whitney Corp purchased a new position in Brady in the 4th quarter valued at approximately $219,000. NBC Securities Inc. grew its stake in shares of Brady by 99,900.0% in the first quarter. NBC Securities Inc. now owns 3,000 shares of the industrial products company's stock worth $211,000 after acquiring an additional 2,997 shares in the last quarter. Finally, Mariner LLC purchased a new stake in shares of Brady during the fourth quarter worth $224,000. 76.28% of the stock is currently owned by institutional investors and hedge funds.

Brady Stock Performance

Shares of NYSE:BRC traded down $0.27 during trading on Friday, reaching $68.99. The company had a trading volume of 119,836 shares, compared to its average volume of 242,468. Brady Corporation has a fifty-two week low of $62.70 and a fifty-two week high of $77.68. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.87 and a quick ratio of 1.26. The stock's fifty day moving average price is $69.67 and its 200 day moving average price is $70.83. The firm has a market capitalization of $3.26 billion, a price-to-earnings ratio of 17.08 and a beta of 0.79.

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

Brady Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Thursday, July 10th will be paid a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.39%. The ex-dividend date is Thursday, July 10th. Brady's payout ratio is currently 23.76%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on BRC shares. Wall Street Zen upgraded shares of Brady from a "hold" rating to a "buy" rating in a research note on Saturday, June 14th. Sidoti upgraded Brady to a "strong-buy" rating in a report on Monday, May 19th.

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.