46,253 Shares in Brady Co. (NYSE:BRC) Bought by Annex Advisory Services LLC

Annex Advisory Services LLC acquired a new position in Brady Co. (NYSE:BRC - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 46,253 shares of the industrial products company's stock, valued at approximately $3,267,000. Annex Advisory Services LLC owned 0.10% of Brady as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Smartleaf Asset Management LLC increased its position in shares of Brady by 213.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 461 shares of the industrial products company's stock valued at $34,000 after acquiring an additional 314 shares during the last quarter. Principal Securities Inc. boosted its position in shares of Brady by 378.1% during the 4th quarter. Principal Securities Inc. now owns 655 shares of the industrial products company's stock worth $48,000 after purchasing an additional 518 shares during the period. Parkside Financial Bank & Trust boosted its position in shares of Brady by 19.1% during the 4th quarter. Parkside Financial Bank & Trust now owns 893 shares of the industrial products company's stock worth $66,000 after purchasing an additional 143 shares during the period. Kohmann Bosshard Financial Services LLC acquired a new stake in Brady in the 4th quarter valued at approximately $96,000. Finally, KBC Group NV raised its position in Brady by 84.2% in the fourth quarter. KBC Group NV now owns 1,789 shares of the industrial products company's stock valued at $132,000 after purchasing an additional 818 shares during the period. 76.28% of the stock is currently owned by hedge funds and other institutional investors.

Brady Stock Up 0.5%

Shares of NYSE BRC traded up $0.37 during midday trading on Friday, hitting $69.92. The company's stock had a trading volume of 131,494 shares, compared to its average volume of 241,563. Brady Co. has a 1 year low of $62.70 and a 1 year high of $77.68. The business's fifty day simple moving average is $69.80 and its two-hundred day simple moving average is $72.11. The firm has a market capitalization of $3.31 billion, a price-to-earnings ratio of 17.18 and a beta of 0.80. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.84 and a quick ratio of 1.25.

Brady (NYSE:BRC - Get Free Report) last posted its quarterly earnings results on Friday, May 16th. The industrial products company reported $1.22 EPS for the quarter, hitting the consensus estimate of $1.22. The business had revenue of $382.59 million during the quarter, compared to the consensus estimate of $386.61 million. Brady had a net margin of 14.19% and a return on equity of 19.79%. The company's quarterly revenue was up 11.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.09 earnings per share. On average, equities analysts predict that Brady Co. will post 4.55 EPS for the current year.

Brady Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Thursday, July 10th will be issued a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.37%. The ex-dividend date is Thursday, July 10th. Brady's dividend payout ratio (DPR) is presently 23.76%.

Analysts Set New Price Targets

Separately, Sidoti upgraded Brady to a "strong-buy" rating in a report on Monday, May 19th.

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.