Universal Beteiligungs und Servicegesellschaft mbH Invests $1.93 Million in Brady Corporation (NYSE:BRC)

Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Brady Corporation (NYSE:BRC - Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 27,384 shares of the industrial products company's stock, valued at approximately $1,934,000. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.06% of Brady at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Guidance Capital Inc. lifted its stake in Brady by 16.0% during the 1st quarter. Guidance Capital Inc. now owns 7,233 shares of the industrial products company's stock worth $520,000 after acquiring an additional 997 shares in the last quarter. GW&K Investment Management LLC increased its holdings in shares of 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 valued at $16,646,000 after acquiring an additional 4,695 shares during the last quarter. Allianz Asset Management GmbH boosted its position in shares of Brady by 29.7% in the 1st quarter. Allianz Asset Management GmbH now owns 516,499 shares of the industrial products company's stock valued at $36,485,000 after purchasing an additional 118,133 shares during the period. Victory Capital Management Inc. lifted its position in 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 during the period. Finally, Alps Advisors Inc. lifted its position in 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 during the period. 76.28% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms 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 raised Brady to a "strong-buy" rating in a research report on Monday, May 19th.

Brady Price Performance

Brady stock traded down $0.32 during mid-day trading on Friday, hitting $70.25. 122,682 shares of the company were exchanged, compared to its average volume of 152,515. Brady Corporation has a 12-month low of $62.70 and a 12-month high of $77.68. The business's 50 day simple moving average is $69.19 and its two-hundred day simple moving average is $70.63. 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 capitalization of $3.32 billion, a P/E ratio of 17.39 and a beta of 0.81.

Brady (NYSE:BRC - Get Free Report) last posted 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. Brady had a return on equity of 19.57% and a net margin of 13.35%. The business had revenue of $382.59 million for the quarter, compared to analysts' expectations of $386.61 million. During the same quarter last year, the firm earned $1.09 earnings per share. The business's revenue was up 11.4% on a year-over-year basis. Analysts forecast that Brady Corporation will post 4.55 earnings per share for the current fiscal year.

Brady Announces Dividend

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

Brady 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.