Mutual of America Capital Management LLC Has $455,000 Stock Holdings in Brady Corporation (NYSE:BRC)

Mutual of America Capital Management LLC lowered its stake in Brady Corporation (NYSE:BRC) by 3.5% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,440 shares of the industrial products company’s stock after selling 233 shares during the period. Mutual of America Capital Management LLC’s holdings in Brady were worth $455,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Ariel Investments LLC raised its position in Brady by 6.1% in the fourth quarter. Ariel Investments LLC now owns 3,840 shares of the industrial products company’s stock worth $284,000 after purchasing an additional 220 shares in the last quarter. NDVR Inc. lifted its position in shares of Brady by 7.6% during the 4th quarter. NDVR Inc. now owns 3,883 shares of the industrial products company’s stock worth $287,000 after buying an additional 274 shares during the period. Bank of Montreal Can lifted its holdings in shares of Brady by 11.2% during the fourth quarter. Bank of Montreal Can now owns 5,670 shares of the industrial products company’s stock valued at $419,000 after acquiring an additional 572 shares during the period. BI Asset Management Fondsmaeglerselskab A S lifted its holdings in shares of Brady by 4.8% during the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 12,828 shares of the industrial products company’s stock valued at $947,000 after acquiring an additional 586 shares during the period. Finally, Deutsche Bank AG increased its position in shares of Brady by 22.3% during the 4th quarter. Deutsche Bank AG now owns 3,270 shares of the industrial products company’s stock worth $241,000 after purchasing an additional 597 shares in the last quarter. 76.28% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Brady Price Performance

Shares of Brady stock opened at $68.85 on Wednesday. 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 twelve month low of $62.70 and a twelve month high of $77.68. The company has a 50-day simple moving average of $69.41 and a two-hundred day simple moving average of $70.76. The stock has a market capitalization of $3.26 billion, a price-to-earnings ratio of 17.04 and a beta of 0.79.

Brady (NYSE:BRC) last announced 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 company had revenue of $382.59 million during the quarter, compared to the consensus estimate of $386.61 million. Brady had a net margin of 13.35% and a return on equity of 19.57%. The company’s revenue for the quarter was up 11.4% compared to the same quarter last year. During the same period in the prior year, the business earned $1.09 earnings per share. Analysts forecast that Brady Corporation will post 4.55 EPS for the current year.

Brady Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Thursday, July 10th will be paid a $0.24 dividend. The ex-dividend date is Thursday, July 10th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.39%. Brady’s payout ratio is presently 23.76%.

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.