Paradiem LLC cut its stake in shares of Brady Corporation (NYSE:BRC - Free Report) by 4.6% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 150,884 shares of the industrial products company's stock after selling 7,350 shares during the period. Brady comprises about 2.9% of Paradiem LLC's holdings, making the stock its 19th biggest holding. Paradiem LLC owned 0.32% of Brady worth $10,658,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Parkside Financial Bank & Trust raised its stake in Brady by 19.1% in 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. Atria Investments Inc boosted its stake in Brady by 3.2% during the fourth quarter. Atria Investments Inc now owns 4,984 shares of the industrial products company's stock worth $368,000 after buying an additional 153 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in Brady by 4.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,454 shares of the industrial products company's stock valued at $255,000 after buying an additional 157 shares in the last quarter. Chase Investment Counsel Corp increased its stake in shares of Brady by 3.9% in the 4th quarter. Chase Investment Counsel Corp now owns 4,836 shares of the industrial products company's stock worth $357,000 after acquiring an additional 181 shares during the last quarter. Finally, Ariel Investments LLC increased its stake in shares of Brady by 6.1% in the 4th quarter. Ariel Investments LLC now owns 3,840 shares of the industrial products company's stock worth $284,000 after acquiring an additional 220 shares during the last quarter. 76.28% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of research analysts recently commented on the company. Wall Street Zen upgraded Brady from a "hold" rating to a "buy" rating in a report on Saturday, June 14th. Sidoti raised shares of Brady to a "strong-buy" rating in a research report on Monday, May 19th.
Check Out Our Latest Stock Report on Brady
Brady Trading Up 0.4%
NYSE BRC traded up $0.29 during trading on Monday, hitting $66.97. The stock had a trading volume of 204,075 shares, compared to its average volume of 244,708. The company has a quick ratio of 1.26, a current ratio of 1.87 and a debt-to-equity ratio of 0.09. The company has a market capitalization of $3.17 billion, a PE ratio of 16.58 and a beta of 0.81. The firm has a 50 day moving average price of $69.98 and a 200 day moving average price of $71.62. 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 announced its quarterly earnings data 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 firm had revenue of $382.59 million during the quarter, compared to analysts' expectations of $386.61 million. During the same quarter in the previous year, the business posted $1.09 earnings per share. The business's quarterly revenue was up 11.4% compared to the same quarter last year. As a group, equities research analysts forecast that Brady Corporation will post 4.55 earnings per share for the current year.
Brady Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Thursday, July 10th will be given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 1.43%. The ex-dividend date is Thursday, July 10th. Brady's dividend payout ratio (DPR) is presently 23.76%.
Brady Company Profile
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Free Report)
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.
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