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

Exchange Traded Concepts LLC trimmed its stake in Brady Corporation (NYSE:BRC - Free Report) by 54.0% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 11,354 shares of the industrial products company's stock after selling 13,342 shares during the period. Exchange Traded Concepts LLC's holdings in Brady were worth $802,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the stock. apricus wealth LLC bought a new position in shares of Brady in the 1st quarter valued at approximately $218,000. Harbor Capital Advisors Inc. bought a new position in shares of Brady in the 1st quarter valued at approximately $778,000. Vest Financial LLC bought a new position in shares of Brady in the 1st quarter valued at approximately $810,000. Annex Advisory Services LLC acquired a new stake in Brady in the 1st quarter valued at approximately $3,267,000. Finally, NBC Securities Inc. grew its holdings 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 buying an additional 2,997 shares during the last quarter. 76.28% of the stock is owned by institutional investors.

Analyst Ratings Changes

BRC has been the topic of a number of research analyst reports. 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

BRC traded down $0.64 during midday trading on Friday, reaching $66.58. The company's stock had a trading volume of 701,878 shares, compared to its average volume of 246,074. The stock has a market cap of $3.15 billion, a P/E ratio of 16.48 and a beta of 0.80. The company has a fifty day simple moving average of $70.01 and a 200 day simple moving average of $71.73. The company has a current ratio of 1.87, a quick ratio of 1.26 and a debt-to-equity ratio of 0.09. 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 released its earnings results on Friday, May 16th. The industrial products company reported $1.22 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $1.22. Brady had a return on equity of 19.57% and a net margin of 13.35%. The firm had revenue of $382.59 million for the quarter, compared to analyst estimates of $386.61 million. During the same quarter last year, the firm posted $1.09 EPS. The company's revenue was up 11.4% on a year-over-year basis. Research analysts expect that Brady Corporation will post 4.55 earnings per share for the current year.

Brady Announces Dividend

The company also recently disclosed 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 1.44%. The ex-dividend date of this dividend is Thursday, July 10th. Brady's payout ratio is presently 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.