Principal Financial Group Inc. grew its stake in shares of Brady Corporation (NYSE:BRC - Free Report) by 2.9% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 217,290 shares of the industrial products company's stock after buying an additional 6,116 shares during the quarter. Principal Financial Group Inc. owned approximately 0.45% of Brady worth $15,349,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. New Age Alpha Advisors LLC bought a new stake in shares of Brady during the fourth quarter worth $156,000. KBC Group NV grew its stake in shares of Brady by 33.7% during the first 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 during the last quarter. NBC Securities Inc. grew its stake in shares of Brady by 99,900.0% during the first quarter. NBC Securities Inc. now owns 3,000 shares of the industrial products company's stock worth $211,000 after buying an additional 2,997 shares during the last quarter. apricus wealth LLC bought a new stake in shares of Brady during the first quarter worth $218,000. Finally, Hancock Whitney Corp acquired a new position in shares of Brady during the fourth quarter worth $219,000. Institutional investors own 76.28% of the company's stock.
Wall Street Analyst Weigh In
A number of equities analysts have recently commented on the stock. Wall Street Zen upgraded shares of Brady from a "hold" rating to a "buy" rating in a report on Saturday, June 14th. Sidoti upgraded shares of Brady to a "strong-buy" rating in a report on Monday, May 19th.
Check Out Our Latest Stock Analysis on BRC
Brady Trading Down 0.7%
Shares of NYSE:BRC traded down $0.47 during mid-day trading on Friday, reaching $69.03. 122,470 shares of the company's stock were exchanged, compared to its average volume of 245,237. The firm has a market capitalization of $3.27 billion, a price-to-earnings ratio of 17.09 and a beta of 0.79. The business's fifty day moving average price is $70.00 and its 200-day moving average price is $71.04. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.26 and a current ratio of 1.87. Brady Corporation has a twelve month low of $62.70 and a twelve month high of $77.68.
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. The company 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%. Brady's revenue was up 11.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.09 earnings per share. On average, research analysts predict that Brady Corporation will post 4.55 EPS for the current fiscal year.
Brady Announces Dividend
The company 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. The ex-dividend date of this dividend is Thursday, July 10th. This represents a $0.96 annualized dividend and a yield of 1.39%. Brady's payout ratio is 23.76%.
About Brady
(
Free Report)
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.
Further Reading
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