Brady Corporation (NYSE:BRC) Stock Holdings Lowered by Maryland State Retirement & Pension System

Maryland State Retirement & Pension System lowered its position in shares of Brady Corporation (NYSE:BRC) by 13.0% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 12,906 shares of the industrial products company’s stock after selling 1,927 shares during the period. Maryland State Retirement & Pension System’s holdings in Brady were worth $912,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of BRC. Pacer Advisors Inc. bought a new position in shares of Brady during the first quarter worth about $159,000. KBC Group NV grew its position in shares of Brady by 33.7% during the first quarter. KBC Group NV now owns 2,391 shares of the industrial products company’s stock worth $169,000 after acquiring an additional 602 shares during the last quarter. NBC Securities Inc. grew its position in shares of Brady by 99,900.0% during the first quarter. NBC Securities Inc. now owns 3,000 shares of the industrial products company’s stock worth $211,000 after acquiring an additional 2,997 shares during the last quarter. apricus wealth LLC bought a new position in shares of Brady during the first quarter worth about $218,000. Finally, Hancock Whitney Corp bought a new position in shares of Brady during the fourth quarter worth about $219,000. Institutional investors own 76.28% of the company’s stock.

Brady Stock Performance

BRC stock opened at $69.83 on Tuesday. The company has a market capitalization of $3.30 billion, a P/E ratio of 17.28 and a beta of 0.81. The company has a 50-day simple moving average of $69.28 and a 200 day simple moving average of $70.45. Brady Corporation has a fifty-two week low of $62.70 and a fifty-two week high of $77.68. 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 (NYSE:BRC) last issued its quarterly earnings results on Friday, May 16th. The industrial products company reported $1.22 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.22. Brady had a net margin of 13.35% and a return on equity of 19.57%. The company had revenue of $382.59 million during the quarter, compared to the consensus estimate of $386.61 million. During the same period in the prior year, the company earned $1.09 EPS. Brady’s revenue was up 11.4% on a year-over-year basis. Sell-side analysts predict that Brady Corporation will post 4.55 earnings per share for the current fiscal year.

Brady Announces Dividend

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

Analysts Set New Price Targets

Several research firms recently weighed in on BRC. Wall Street Zen downgraded shares of Brady from a “buy” rating to a “hold” rating in a report on Saturday. Sidoti raised shares of Brady to a “strong-buy” rating in a report on Monday, May 19th.

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.