Nisa Investment Advisors LLC Has $1.44 Million Position in Brady Corporation (NYSE:BRC)

Nisa Investment Advisors LLC cut its stake in shares of Brady Corporation (NYSE:BRC - Free Report) by 17.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,380 shares of the industrial products company's stock after selling 4,205 shares during the quarter. Nisa Investment Advisors LLC's holdings in Brady were worth $1,440,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of BRC. Atria Investments Inc grew its stake in Brady by 3.2% in the fourth quarter. Atria Investments Inc now owns 4,984 shares of the industrial products company's stock valued at $368,000 after purchasing an additional 153 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in Brady by 4.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,454 shares of the industrial products company's stock worth $255,000 after buying an additional 157 shares during the last quarter. Ariel Investments LLC raised its position in Brady by 6.1% during the fourth quarter. Ariel Investments LLC now owns 3,840 shares of the industrial products company's stock valued at $284,000 after acquiring an additional 220 shares in the last quarter. NDVR Inc. lifted its stake in Brady by 7.6% in the fourth quarter. NDVR Inc. now owns 3,883 shares of the industrial products company's stock valued at $287,000 after acquiring an additional 274 shares during the last quarter. Finally, Bank of Montreal Can grew its position in Brady by 11.2% in the fourth quarter. Bank of Montreal Can now owns 5,670 shares of the industrial products company's stock worth $419,000 after acquiring an additional 572 shares in the last quarter. 76.28% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Brady Stock Performance

Shares of NYSE:BRC traded down $1.37 during midday trading on Tuesday, hitting $67.86. The company's stock had a trading volume of 126,210 shares, compared to its average volume of 244,517. 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 stock's 50 day simple moving average is $70.00 and its 200 day simple moving average is $70.98. The stock has a market capitalization of $3.21 billion, a price-to-earnings ratio of 16.80 and a beta of 0.79. Brady Corporation has a fifty-two week low of $62.70 and a fifty-two week 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 the consensus estimate of $1.22. Brady had a return on equity of 19.57% and a net margin of 13.35%. The company had revenue of $382.59 million for the quarter, compared to the consensus estimate of $386.61 million. During the same period in the previous year, the business posted $1.09 EPS. The company's revenue for the quarter was up 11.4% on a year-over-year basis. As a group, research analysts anticipate that Brady Corporation will post 4.55 earnings per share for the current year.

Brady Dividend Announcement

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 $0.24 dividend. The ex-dividend date is Thursday, July 10th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.41%. Brady's payout ratio is presently 23.76%.

About Brady

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.