Charles Schwab Investment Management Inc. Raises Stake in Brady Corporation $BRC

Key Points

• Charles Schwab Investment Management Inc. increased its stake in Brady Corporation by 10.8%, acquiring an additional 48,522 shares, bringing its total to 498,670 shares worth approximately $35.2 million.
• Wall Street analysts have mixed views on Brady, with Sidoti upgrading the stock to a "strong-buy" rating while Wall Street Zen downgraded it to a "hold" rating.
• Brady Corporation reported a net margin of 13.35% and quarterly revenue of $382.59 million, reflecting an 11.4% year-over-year increase.

Charles Schwab Investment Management Inc. lifted its position in Brady Corporation (NYSE:BRC - Free Report) by 10.8% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 498,670 shares of the industrial products company's stock after purchasing an additional 48,522 shares during the period. Charles Schwab Investment Management Inc. owned about 1.04% of Brady worth $35,226,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Dimensional Fund Advisors LP boosted its holdings in Brady by 0.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,443,594 shares of the industrial products company's stock valued at $106,608,000 after acquiring an additional 7,258 shares in the last quarter. Wellington Management Group LLP grew its stake in shares of Brady by 4.1% during the 4th quarter. Wellington Management Group LLP now owns 674,593 shares of the industrial products company's stock valued at $49,819,000 after acquiring an additional 26,769 shares during the period. Royce & Associates LP grew its stake in shares of Brady by 2.8% during the 1st quarter. Royce & Associates LP now owns 623,734 shares of the industrial products company's stock valued at $44,061,000 after acquiring an additional 17,018 shares during the period. Allianz Asset Management GmbH boosted its stake 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 worth $36,485,000 after purchasing an additional 118,133 shares during the period. Finally, GW&K Investment Management LLC boosted its stake in Brady by 2.0% in the 1st quarter. GW&K Investment Management LLC now owns 235,646 shares of the industrial products company's stock worth $16,646,000 after purchasing an additional 4,695 shares during the period. Institutional investors own 76.28% of the company's stock.

Brady Stock Up 3.0%

Shares of BRC traded up $2.2480 during midday trading on Friday, hitting $76.2480. 76,538 shares of the company's stock traded hands, compared to its average volume of 221,478. Brady Corporation has a 1 year low of $62.70 and a 1 year high of $77.68. The firm's fifty day moving average is $69.74 and its 200-day moving average is $70.39. 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 market capitalization of $3.61 billion, a price-to-earnings ratio of 18.85 and a beta of 0.81.

Analysts Set New Price Targets

A number of research analysts have recently commented on BRC shares. Sidoti upgraded Brady to a "strong-buy" rating in a research report on Monday, May 19th. Wall Street Zen lowered Brady from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. One equities research analyst has rated the stock with a Strong Buy rating, According to MarketBeat, Brady presently 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.