HighTower Advisors LLC Decreases Position in Brady Corporation $BRC

Key Points

• HighTower Advisors LLC has reduced its stake in Brady Corporation by 32.2%, now holding a total of 7,917 shares valued at approximately $559,000.
• Several institutional investors, including Allianz Asset Management and Wellington Management, have increased their positions in Brady, highlighting a growing confidence in the company's stock.
• Brady's stock currently holds a consensus rating of "Strong Buy" from analysts, reflecting positive market sentiment and recent upgrades.

HighTower Advisors LLC lessened its position in Brady Corporation (NYSE:BRC - Free Report) by 32.2% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 7,917 shares of the industrial products company's stock after selling 3,760 shares during the period. HighTower Advisors LLC's holdings in Brady were worth $559,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Victory Capital Management Inc. boosted its stake in shares of Brady by 1.2% during the 1st quarter. Victory Capital Management Inc. now owns 18,509 shares of the industrial products company's stock valued at $1,307,000 after purchasing an additional 215 shares in the last quarter. Ariel Investments LLC boosted its stake in shares of Brady by 6.1% during the 4th quarter. Ariel Investments LLC now owns 3,840 shares of the industrial products company's stock valued at $284,000 after purchasing an additional 220 shares in the last quarter. NDVR Inc. boosted its stake in shares of Brady by 7.6% during the 4th quarter. NDVR Inc. now owns 3,883 shares of the industrial products company's stock valued at $287,000 after purchasing an additional 274 shares in the last quarter. Deutsche Bank AG boosted its stake in shares of Brady by 22.3% during the 4th quarter. Deutsche Bank AG now owns 3,270 shares of the industrial products company's stock valued at $241,000 after purchasing an additional 597 shares in the last quarter. Finally, KBC Group NV boosted its stake in shares of Brady by 33.7% during the 1st quarter. KBC Group NV now owns 2,391 shares of the industrial products company's stock valued at $169,000 after purchasing an additional 602 shares in the last quarter. Institutional investors own 76.28% of the company's stock.

Brady Stock Down 0.1%

Brady stock traded down $0.10 during trading hours on Wednesday, hitting $77.70. The stock had a trading volume of 123,135 shares, compared to its average volume of 221,367. 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 stock has a market capitalization of $3.68 billion, a P/E ratio of 19.21 and a beta of 0.83. Brady Corporation has a 12-month low of $62.70 and a 12-month high of $78.45. The stock's 50-day moving average price is $71.31 and its 200-day moving average price is $70.55.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Sidoti raised shares of 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, Based on data from MarketBeat, the stock currently 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.