42,540 Shares in Brady Corporation $BRC Purchased by Hotchkis & Wiley Capital Management LLC

Key Points

• Hotchkis & Wiley Capital Management LLC purchased **42,540 shares** of **Brady Corporation** for approximately **$3,005,000**, representing a new stake in the company.
• Other institutional investors, such as Neuberger Berman Group and GAMMA Investing LLC, significantly increased their holdings in Brady, with Neuberger Berman raising its position by **196.6%**.
• Brady's stock has been rated as a **"strong-buy"** by analysts, with the average rating of the stock being a Strong Buy according to MarketBeat.com.

Hotchkis & Wiley Capital Management LLC bought a new stake in Brady Corporation (NYSE:BRC - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 42,540 shares of the industrial products company's stock, valued at approximately $3,005,000. Hotchkis & Wiley Capital Management LLC owned approximately 0.09% of Brady at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of BRC. Neuberger Berman Group LLC raised its position in shares of Brady by 196.6% in the first quarter. Neuberger Berman Group LLC now owns 1,614,375 shares of the industrial products company's stock valued at $114,039,000 after buying an additional 1,070,000 shares during the last quarter. GAMMA Investing LLC raised its holdings in Brady by 7,044.2% in the 1st quarter. GAMMA Investing LLC now owns 138,454 shares of the industrial products company's stock valued at $9,780,000 after acquiring an additional 136,516 shares during the last quarter. Allianz Asset Management GmbH raised its holdings in Brady by 29.7% in the 1st quarter. Allianz Asset Management GmbH now owns 516,499 shares of the industrial products company's stock valued at $36,485,000 after acquiring an additional 118,133 shares during the last quarter. Clark Capital Management Group Inc. purchased a new position in shares of Brady during the 4th quarter worth $7,713,000. Finally, Balyasny Asset Management L.P. boosted its holdings in shares of Brady by 183.0% during the fourth quarter. Balyasny Asset Management L.P. now owns 96,171 shares of the industrial products company's stock worth $7,102,000 after purchasing an additional 62,191 shares during the last quarter. 76.28% of the stock is currently owned by hedge funds and other institutional investors.

Brady Price Performance

BRC stock opened at $76.32 on Wednesday. The company has a market cap of $3.61 billion, a PE ratio of 18.89 and a beta of 0.81. The company has a current ratio of 1.87, a quick ratio of 1.26 and a debt-to-equity ratio of 0.09. The stock has a 50-day moving average price of $70.25 and a two-hundred day moving average price of $70.41. Brady Corporation has a 12-month low of $62.70 and a 12-month high of $77.68.

Wall Street Analyst Weigh In

BRC has been the subject of several analyst reports. Sidoti upgraded Brady to a "strong-buy" rating in a research note on Monday, May 19th. Wall Street Zen raised shares of 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 MarketBeat.com, Brady has an average rating of "Strong Buy".

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.

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