Ritholtz Wealth Management Sells 482 Shares of Brady Corporation (NYSE:BRC)

Ritholtz Wealth Management reduced its stake in Brady Corporation (NYSE:BRC) by 7.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,428 shares of the industrial products company’s stock after selling 482 shares during the quarter. Ritholtz Wealth Management’s holdings in Brady were worth $454,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. raised its holdings in Brady by 15.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 450,148 shares of the industrial products company’s stock valued at $33,243,000 after acquiring an additional 59,752 shares during the period. Mariner LLC acquired a new position in shares of Brady during the 4th quarter worth approximately $224,000. Tower Research Capital LLC TRC grew its position in shares of Brady by 192.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 5,826 shares of the industrial products company’s stock worth $430,000 after purchasing an additional 3,831 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Brady during the 4th quarter worth approximately $1,865,000. Finally, Invesco Ltd. grew its position in shares of Brady by 9.7% during the 4th quarter. Invesco Ltd. now owns 686,923 shares of the industrial products company’s stock worth $50,729,000 after purchasing an additional 60,737 shares in the last quarter. 76.28% of the stock is owned by institutional investors.

Brady Stock Performance

Shares of NYSE:BRC opened at $67.13 on Friday. 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 firm has a market cap of $3.18 billion, a PE ratio of 16.62 and a beta of 0.80. The company’s 50 day moving average price is $70.03 and its two-hundred day moving average price is $71.78. Brady Corporation has a 12-month low of $62.70 and a 12-month high of $77.68.

Brady (NYSE:BRC) last posted its quarterly 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 business had revenue of $382.59 million for the quarter, compared to analyst estimates of $386.61 million. Brady had a net margin of 13.35% and a return on equity of 19.57%. The firm’s revenue for the quarter was up 11.4% on a year-over-year basis. During the same quarter last year, the business posted $1.09 EPS. Equities research analysts predict that Brady Corporation will post 4.55 earnings per share for the current year.

Brady Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Thursday, July 10th will be given a dividend of $0.24 per share. The ex-dividend date is Thursday, July 10th. This represents a $0.96 annualized dividend and a dividend yield of 1.43%. Brady’s dividend payout ratio is 23.76%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on BRC shares. Sidoti upgraded shares of Brady to a “strong-buy” rating in a research report on Monday, May 19th. Wall Street Zen upgraded shares of Brady from a “hold” rating to a “buy” rating in a research report on Saturday, June 14th.

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.