Paradiem LLC Sells 7,350 Shares of Brady Corporation (NYSE:BRC)

Paradiem LLC reduced its holdings in shares of Brady Corporation (NYSE:BRC - Free Report) by 4.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 150,884 shares of the industrial products company's stock after selling 7,350 shares during the period. Brady comprises approximately 2.9% of Paradiem LLC's portfolio, making the stock its 19th biggest holding. Paradiem LLC owned about 0.32% of Brady worth $10,658,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in BRC. Smartleaf Asset Management LLC lifted 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 buying an additional 314 shares during the period. Principal Securities Inc. lifted its holdings in shares of Brady by 378.1% during the fourth quarter. Principal Securities Inc. now owns 655 shares of the industrial products company's stock valued at $48,000 after purchasing an additional 518 shares during the last quarter. Parkside Financial Bank & Trust boosted its holdings in Brady by 19.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 893 shares of the industrial products company's stock worth $66,000 after acquiring an additional 143 shares in the last quarter. Kohmann Bosshard Financial Services LLC purchased a new stake in Brady during the 4th quarter valued at about $96,000. Finally, New Age Alpha Advisors LLC bought a new stake in shares of Brady during the fourth quarter valued at approximately $156,000. 76.28% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Brady Price Performance

Shares of NYSE BRC traded down $1.17 during mid-day trading on Wednesday, reaching $67.03. The company's stock had a trading volume of 263,041 shares, compared to its average volume of 245,218. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.87 and a quick ratio of 1.26. Brady Corporation has a 52 week low of $62.70 and a 52 week high of $77.68. The stock has a fifty day moving average of $70.00 and a two-hundred day moving average of $71.57. The firm has a market capitalization of $3.17 billion, a PE ratio of 16.59 and a beta of 0.80.

Brady (NYSE:BRC - Get Free Report) last released its quarterly earnings results on Friday, May 16th. The industrial products company reported $1.22 earnings per share for the quarter, meeting the consensus estimate of $1.22. Brady had a return on equity of 19.57% and a net margin of 13.35%. The business had revenue of $382.59 million during the quarter, compared to analysts' expectations of $386.61 million. During the same quarter last year, the business posted $1.09 EPS. The firm's revenue for the quarter was up 11.4% compared to the same quarter last year. As a group, sell-side analysts anticipate 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 paid a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.43%. The ex-dividend date of this dividend is Thursday, July 10th. Brady's payout ratio is currently 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.