Seizert Capital Partners LLC Cuts Stock Position in Brady Corporation (NYSE:BRC)

Key Points

• Seizert Capital Partners LLC reduced its stake in Brady Corporation by 42.6% in the first quarter, now holding 70,713 shares valued at approximately $4.995 million.
• Brady Corporation reported earnings of $1.22 EPS for the last quarter, matching analysts' expectations but falling short of revenue forecasts with $382.59 million compared to the anticipated $386.61 million.
• The company declared a quarterly dividend of $0.24 per share, with a yield of 1.35% and a payout ratio of 23.76%, to be paid on July 31st.

Seizert Capital Partners LLC reduced its stake in shares of Brady Corporation (NYSE:BRC - Free Report) by 42.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 70,713 shares of the industrial products company's stock after selling 52,483 shares during the quarter. Seizert Capital Partners LLC owned approximately 0.15% of Brady worth $4,995,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in BRC. KBC Group NV raised its stake in Brady by 33.7% in the first quarter. KBC Group NV now owns 2,391 shares of the industrial products company's stock valued at $169,000 after buying an additional 602 shares during the last quarter. Bessemer Group Inc. raised its stake in Brady by 68.9% in the first quarter. Bessemer Group Inc. now owns 11,011 shares of the industrial products company's stock valued at $779,000 after buying an additional 4,490 shares during the last quarter. Mariner LLC purchased a new stake in Brady in the fourth quarter valued at about $224,000. Tower Research Capital LLC TRC raised its stake in Brady by 192.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 5,826 shares of the industrial products company's stock valued at $430,000 after buying an additional 3,831 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of Brady in the fourth quarter valued at about $1,865,000. 76.28% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have recently weighed in on BRC. Wall Street Zen raised Brady from a "hold" rating to a "buy" rating in a report on Saturday, June 14th. Sidoti raised Brady to a "strong-buy" rating in a report on Monday, May 19th.

Brady Stock Performance

Shares of BRC stock traded down $0.32 during mid-day trading on Friday, reaching $70.25. The stock had a trading volume of 122,682 shares, compared to its average volume of 152,515. The business's fifty day moving average is $69.19 and its 200-day moving average is $70.64. 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 firm has a market cap of $3.32 billion, a price-to-earnings ratio of 17.39 and a beta of 0.79. Brady Corporation has a 1-year low of $62.70 and a 1-year high of $77.68.

Brady (NYSE:BRC - Get Free Report) last announced its quarterly earnings data on Friday, May 16th. The industrial products company reported $1.22 earnings per share for the quarter, meeting 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 return on equity of 19.57% and a net margin of 13.35%. The company's revenue was up 11.4% on a year-over-year basis. During the same period in the prior year, the company earned $1.09 earnings per share. On average, research analysts forecast that Brady Corporation will post 4.55 earnings per share for the current year.

Brady Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Thursday, July 10th were issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend was Thursday, July 10th. Brady's dividend payout ratio (DPR) is 23.76%.

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.