Exchange Traded Concepts LLC Has $802,000 Stock Position in Brady Corporation (NYSE:BRC)

Exchange Traded Concepts LLC reduced its position in Brady Corporation (NYSE:BRC - Free Report) by 54.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,354 shares of the industrial products company's stock after selling 13,342 shares during the quarter. Exchange Traded Concepts LLC's holdings in Brady were worth $802,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of BRC. Smartleaf Asset Management LLC raised its stake in Brady by 213.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 461 shares of the industrial products company's stock worth $34,000 after acquiring an additional 314 shares in the last quarter. Principal Securities Inc. increased 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 in the last quarter. Parkside Financial Bank & Trust lifted its holdings in Brady by 19.1% during the 4th quarter. Parkside Financial Bank & Trust now owns 893 shares of the industrial products company's stock valued at $66,000 after purchasing an additional 143 shares during the last quarter. Kohmann Bosshard Financial Services LLC acquired a new position in Brady in the fourth quarter valued at about $96,000. Finally, New Age Alpha Advisors LLC bought a new stake in Brady during the fourth quarter worth about $156,000. Institutional investors and hedge funds own 76.28% of the company's stock.

Brady Price Performance

BRC traded up $1.30 during midday trading on Tuesday, hitting $68.22. The company had a trading volume of 234,098 shares, compared to its average volume of 244,665. Brady Corporation has a twelve month low of $62.70 and a twelve month high of $77.68. The company has a market capitalization of $3.23 billion, a PE ratio of 16.89 and a beta of 0.81. 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 firm's 50-day simple moving average is $69.98 and its 200-day simple moving average is $71.62.

Brady (NYSE:BRC - Get Free Report) last issued its quarterly earnings results on Friday, May 16th. The industrial products company reported $1.22 earnings per share for the quarter, meeting analysts' consensus estimates of $1.22. Brady had a net margin of 13.35% and a return on equity of 19.57%. The business had revenue of $382.59 million during the quarter, compared to analyst estimates of $386.61 million. During the same quarter last year, the business posted $1.09 earnings per share. Brady's revenue for the quarter was up 11.4% compared to the same quarter last year. Equities research analysts predict that Brady Corporation will post 4.55 EPS for the current fiscal year.

Brady Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Thursday, July 10th will be issued a dividend of $0.24 per share. The ex-dividend date is Thursday, July 10th. This represents a $0.96 annualized dividend and a yield of 1.41%. Brady's dividend payout ratio is currently 23.76%.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Sidoti raised Brady to a "strong-buy" rating in a report on Monday, May 19th. Wall Street Zen raised Brady from a "hold" rating to a "buy" rating in a research note on Saturday, June 14th.

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.