Annex Advisory Services LLC Takes $3.27 Million Position in Brady Co. (NYSE:BRC)

Annex Advisory Services LLC acquired a new position in shares of Brady Co. (NYSE:BRC - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and 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 about 0.10% of Brady as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Smartleaf Asset Management LLC increased its stake in shares of 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 buying 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. Parkside Financial Bank & Trust increased 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 valued at $66,000 after buying an additional 143 shares during the period. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Brady in the fourth quarter valued at about $96,000. Finally, KBC Group NV increased its stake in shares of 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 buying an additional 818 shares during the period. 76.28% of the stock is currently owned by institutional investors.

Brady Stock Up 0.5%

Shares of BRC stock traded up $0.37 during trading hours on Friday, reaching $69.92. The company had a trading volume of 131,494 shares, compared to its average volume of 242,361. Brady Co. has a 12 month low of $62.70 and a 12 month high of $77.68. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.84 and a quick ratio of 1.25. The business has a fifty day simple moving average of $69.77 and a 200-day simple moving average of $72.13. The company has a market cap of $3.31 billion, a price-to-earnings ratio of 17.18 and a beta of 0.80.

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

Brady Announces Dividend

The business 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 $0.24 dividend. 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 (DPR) is presently 23.76%.

Analyst Ratings Changes

Several research firms recently commented on BRC. Wall Street Zen cut Brady from a "buy" rating to a "hold" rating in a research note on Friday. Sidoti raised Brady to a "strong-buy" rating in a research note 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.