Brady Corporation $BRC Shares Acquired by Champlain Investment Partners LLC

Key Points

• Champlain Investment Partners LLC increased its stake in Brady Corporation by 63.9% during the first quarter, now holding 1.41% of the company, worth approximately $47.5 million.
• 76.28% of Brady's stock is currently owned by institutional investors and hedge funds, indicating strong institutional interest.
• Brady Corporation's stock has received a Strong Buy rating from analysts, reflecting positive sentiment in the market.

Champlain Investment Partners LLC boosted its position in Brady Corporation (NYSE:BRC - Free Report) by 63.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 672,930 shares of the industrial products company's stock after acquiring an additional 262,454 shares during the quarter. Champlain Investment Partners LLC owned 1.41% of Brady worth $47,536,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd purchased a new position in shares of Brady in the 1st quarter worth about $74,000. Pacer Advisors Inc. acquired a new stake in Brady during the 1st quarter worth approximately $159,000. KBC Group NV raised its holdings in Brady by 33.7% in the first quarter. KBC Group NV now owns 2,391 shares of the industrial products company's stock valued at $169,000 after buying an additional 602 shares during the period. NBC Securities Inc. raised its holdings in Brady by 99,900.0% in the first quarter. NBC Securities Inc. now owns 3,000 shares of the industrial products company's stock valued at $211,000 after buying an additional 2,997 shares during the period. Finally, Mariner LLC acquired a new position in Brady during the fourth quarter valued at approximately $224,000. 76.28% of the stock is currently owned by institutional investors and hedge funds.

Brady Trading Up 1.6%

BRC opened at $77.54 on Thursday. The firm's 50 day moving average is $70.46 and its 200-day moving average is $70.46. Brady Corporation has a 52-week low of $62.70 and a 52-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. The firm has a market capitalization of $3.67 billion, a P/E ratio of 19.19 and a beta of 0.81.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on BRC shares. Sidoti raised shares of Brady to a "strong-buy" rating in a research report on Monday, May 19th. Wall Street Zen raised shares of Brady from a "hold" rating to a "buy" rating in a research report on Friday, August 22nd. One equities research analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat.com, Brady has an average rating of "Strong Buy".

About Brady

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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