Universal Beteiligungs und Servicegesellschaft mbH Acquires Shares of 27,384 Brady Corporation (NYSE:BRC)

Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Brady Corporation (NYSE:BRC - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 27,384 shares of the industrial products company's stock, valued at approximately $1,934,000. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.06% of Brady as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. Guidance Capital Inc. lifted its holdings in Brady by 16.0% in the 1st quarter. Guidance Capital Inc. now owns 7,233 shares of the industrial products company's stock worth $520,000 after purchasing an additional 997 shares in the last quarter. GW&K Investment Management LLC lifted its holdings in Brady by 2.0% in the 1st quarter. GW&K Investment Management LLC now owns 235,646 shares of the industrial products company's stock worth $16,646,000 after purchasing an additional 4,695 shares in the last quarter. Allianz Asset Management GmbH raised its holdings in shares of Brady by 29.7% during the 1st quarter. Allianz Asset Management GmbH now owns 516,499 shares of the industrial products company's stock worth $36,485,000 after acquiring an additional 118,133 shares in the last quarter. Victory Capital Management Inc. raised its holdings in shares of Brady by 1.2% during the 1st quarter. Victory Capital Management Inc. now owns 18,509 shares of the industrial products company's stock worth $1,307,000 after acquiring an additional 215 shares in the last quarter. Finally, Alps Advisors Inc. raised its holdings in shares of Brady by 2.5% during the 1st quarter. Alps Advisors Inc. now owns 100,124 shares of the industrial products company's stock worth $7,073,000 after acquiring an additional 2,448 shares in the last quarter. Hedge funds and other institutional investors own 76.28% of the company's stock.

Brady Stock Down 0.5%

NYSE BRC traded down $0.32 during trading on Friday, hitting $70.25. The company's stock had a trading volume of 122,682 shares, compared to its average volume of 152,515. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.87 and a quick ratio of 1.26. The company has a market cap of $3.32 billion, a PE ratio of 17.39 and a beta of 0.81. The business's 50 day simple moving average is $69.16 and its 200-day simple moving average is $70.66. 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 announced 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 firm had revenue of $382.59 million during 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% compared to the same quarter last year. During the same period last year, the business posted $1.09 earnings per share. On average, equities analysts anticipate that Brady Corporation will post 4.55 EPS for the current fiscal year.

Brady Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Thursday, July 10th were paid a $0.24 dividend. The ex-dividend date of this dividend was Thursday, July 10th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.4%. Brady's payout ratio is currently 23.76%.

Analyst Ratings Changes

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

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.