Vident Advisory LLC Sells 4,113 Shares of Brady Co. (NYSE:BRC)

Vident Advisory LLC reduced its position in shares of Brady Co. (NYSE:BRC - Free Report) by 31.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 8,847 shares of the industrial products company's stock after selling 4,113 shares during the quarter. Vident Advisory LLC's holdings in Brady were worth $653,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Smartleaf Asset Management LLC grew its stake in shares of Brady by 213.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 461 shares of the industrial products company's stock valued at $34,000 after purchasing an additional 314 shares during the period. Principal Securities Inc. grew its stake in shares of Brady by 378.1% during the 4th 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 period. Parkside Financial Bank & Trust grew its stake in shares of Brady by 19.1% during 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 period. Kohmann Bosshard Financial Services LLC bought a new stake in shares of Brady during the 4th quarter valued at about $96,000. Finally, KBC Group NV grew its stake in shares of Brady by 84.2% during the 4th quarter. KBC Group NV now owns 1,789 shares of the industrial products company's stock valued at $132,000 after purchasing an additional 818 shares during the period. 76.28% of the stock is currently owned by institutional investors.

Brady Stock Performance

Brady stock traded down $0.04 during midday trading on Friday, hitting $70.16. The stock had a trading volume of 29,693 shares, compared to its average volume of 243,149. The firm's fifty day moving average is $69.89 and its two-hundred day moving average is $72.26. The company has a market capitalization of $3.32 billion, a PE ratio of 17.23 and a beta of 0.86. Brady Co. has a 52-week low of $62.70 and a 52-week high of $77.68. The company has a current ratio of 1.84, a quick ratio of 1.25 and a debt-to-equity ratio of 0.11.

Brady (NYSE:BRC - Get Free Report) last released its earnings results 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 company had revenue of $382.59 million during the quarter, compared to analyst estimates of $386.61 million. Brady had a net margin of 14.19% and a return on equity of 19.79%. The firm's quarterly revenue was up 11.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.09 EPS. On average, research analysts forecast that Brady Co. will post 4.55 EPS for the current year.

Brady Announces Dividend

The firm also recently declared 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. The ex-dividend date of this dividend is Thursday, July 10th. This represents a $0.96 annualized dividend and a yield of 1.37%. Brady's payout ratio is 23.76%.

Analysts Set New Price Targets

Separately, Sidoti upgraded Brady to a "strong-buy" rating in a research note on Monday, May 19th.

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.