Brady Corporation (NYSE:BRC) Shares Sold by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale decreased its position in Brady Corporation (NYSE:BRC - Free Report) by 13.6% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 453,622 shares of the industrial products company's stock after selling 71,291 shares during the period. DekaBank Deutsche Girozentrale owned about 0.95% of Brady worth $31,362,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of BRC. Smartleaf Asset Management LLC raised its holdings in Brady by 213.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 461 shares of the industrial products company's stock worth $34,000 after purchasing an additional 314 shares during the period. New Age Alpha Advisors LLC acquired a new position in shares of Brady during the 4th quarter worth approximately $156,000. KBC Group NV lifted its position in shares of Brady by 33.7% during the 1st 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 in the last quarter. NBC Securities Inc. grew its stake in Brady by 99,900.0% in the 1st quarter. NBC Securities Inc. now owns 3,000 shares of the industrial products company's stock valued at $211,000 after acquiring an additional 2,997 shares during the period. Finally, apricus wealth LLC purchased a new stake in Brady in the 1st quarter worth $218,000. Institutional investors and hedge funds own 76.28% of the company's stock.

Brady Price Performance

Shares of BRC traded down $0.47 during trading hours on Friday, hitting $69.03. 122,470 shares of the stock were exchanged, compared to its average volume of 245,237. The stock's 50-day moving average price is $70.00 and its two-hundred day moving average price is $71.04. Brady Corporation 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 0.09, a quick ratio of 1.26 and a current ratio of 1.87. The company has a market cap of $3.27 billion, a price-to-earnings ratio of 17.09 and a beta of 0.79.

Brady (NYSE:BRC - Get Free Report) last announced its earnings results on Friday, May 16th. The industrial products company reported $1.22 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.22. The company had revenue of $382.59 million for the quarter, compared to analysts' expectations of $386.61 million. Brady had a net margin of 13.35% and a return on equity of 19.57%. The firm's quarterly revenue was up 11.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.09 EPS. Research analysts expect 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 will be paid on Thursday, July 31st. Stockholders of record on Thursday, July 10th will be issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 1.39%. The ex-dividend date of this dividend is Thursday, July 10th. Brady's dividend payout ratio is currently 23.76%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Sidoti raised shares of Brady to a "strong-buy" rating in a report on Monday, May 19th. Wall Street Zen raised shares of Brady from a "hold" rating to a "buy" rating in a research note on Saturday, June 14th.

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.