Capital Fund Management S.A. Makes New Investment in Brady Corporation $BRC

Key Points

• Capital Fund Management S.A. purchased 31,342 shares of Brady Corporation for approximately $2,214,000, representing 0.07% ownership in the company as per the latest SEC disclosure.
• A significant number of hedge funds have also increased or established positions in Brady, contributing to 76.28% of the stock being owned by institutional investors.
• Wall Street analysts have issued a consensus rating of "Strong Buy" for Brady Corporation, with Sidoti recently upgrading the company’s shares to a strong-buy status.

Capital Fund Management S.A. purchased a new stake in Brady Corporation (NYSE:BRC - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 31,342 shares of the industrial products company's stock, valued at approximately $2,214,000. Capital Fund Management S.A. owned approximately 0.07% of Brady at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. KBC Group NV lifted its stake 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 valued at $169,000 after acquiring an additional 602 shares during the period. Bessemer Group Inc. lifted its stake in shares of Brady by 68.9% during the first quarter. Bessemer Group Inc. now owns 11,011 shares of the industrial products company's stock valued at $779,000 after acquiring an additional 4,490 shares during the period. Mariner LLC acquired a new position in shares of Brady during the fourth quarter valued at $224,000. Tower Research Capital LLC TRC lifted its stake in shares of Brady by 192.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 5,826 shares of the industrial products company's stock valued at $430,000 after acquiring an additional 3,831 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in shares of Brady during the fourth quarter valued at $1,865,000. Institutional investors and hedge funds own 76.28% of the company's stock.

Analysts Set New Price Targets

BRC has been the topic of several research reports. Sidoti raised Brady to a "strong-buy" rating in a research note on Monday, May 19th. Wall Street Zen raised Brady from a "hold" rating to a "buy" rating in a research note on Friday, August 22nd. One investment analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat, the stock has an average rating of "Strong Buy".

Brady Trading Up 0.3%

Shares of Brady stock traded up $0.24 during trading hours on Friday, hitting $77.83. The company's stock had a trading volume of 56,126 shares, compared to its average volume of 221,757. Brady Corporation has a 12 month low of $62.70 and a 12 month high of $77.99. The stock has a 50 day moving average of $70.67 and a 200 day moving average of $70.48. The company has a market capitalization of $3.68 billion, a PE ratio of 19.26 and a beta of 0.81. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.87 and a quick ratio of 1.26.

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.