Teacher Retirement System of Texas Sells 66,850 Shares of Brady Corporation (NYSE:BRC)

Teacher Retirement System of Texas lowered its stake in Brady Corporation (NYSE:BRC - Free Report) by 44.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 82,091 shares of the industrial products company's stock after selling 66,850 shares during the period. Teacher Retirement System of Texas owned 0.17% of Brady worth $5,799,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in BRC. Smartleaf Asset Management LLC boosted its holdings in Brady by 213.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 461 shares of the industrial products company's stock valued at $34,000 after acquiring an additional 314 shares in the last quarter. New Age Alpha Advisors LLC bought a new stake in shares of Brady during the 4th quarter valued at about $156,000. KBC Group NV grew its stake in shares of Brady by 33.7% during the 1st quarter. KBC Group NV now owns 2,391 shares of the industrial products company's stock valued at $169,000 after purchasing an additional 602 shares during the period. NBC Securities Inc. grew its stake in shares of Brady by 99,900.0% during the 1st quarter. NBC Securities Inc. now owns 3,000 shares of the industrial products company's stock valued at $211,000 after acquiring an additional 2,997 shares during the period. Finally, apricus wealth LLC bought a new position in shares of Brady during the 1st quarter valued at approximately $218,000. Institutional investors own 76.28% of the company's stock.

Analyst Upgrades and Downgrades

BRC has been the subject of a number of recent research reports. Sidoti upgraded Brady to a "strong-buy" rating in a research note on Monday, May 19th. Wall Street Zen raised Brady from a "hold" rating to a "buy" rating in a report on Saturday, June 14th.

Brady Price Performance

NYSE BRC traded down $0.31 during trading hours on Wednesday, reaching $68.64. The company's stock had a trading volume of 40,304 shares, compared to its average volume of 244,363. The firm's 50-day moving average price is $70.10 and its 200-day moving average price is $71.13. The company has a quick ratio of 1.26, a current ratio of 1.87 and a debt-to-equity ratio of 0.09. Brady Corporation has a 1 year low of $62.70 and a 1 year high of $77.68. The company has a market capitalization of $3.25 billion, a price-to-earnings ratio of 16.99 and a beta of 0.79.

Brady (NYSE:BRC - Get Free Report) last issued its quarterly earnings data on Friday, May 16th. The industrial products company reported $1.22 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.22. The business had revenue of $382.59 million for the quarter, compared to analysts' expectations of $386.61 million. Brady had a return on equity of 19.57% and a net margin of 13.35%. The company's revenue for the quarter was up 11.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.09 EPS. On average, equities research analysts predict that Brady Corporation will post 4.55 EPS for the current fiscal year.

Brady Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Investors 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 1.40%. 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.