Invesco Ltd. Sells 384,245 Shares of Brady Corporation $BRC

Key Points

• Invesco Ltd. significantly reduced its stake in Brady Corporation by 55.9%, selling 384,245 shares and retaining 302,678 shares, valued at approximately $21.38 million.
• Brady Corporation's stock has been affected by changes in recommendations, with analysts adjusting ratings, including a downgrade from a "buy" to a "hold" by Wall Street Zen.
• Brady shares experienced a 0.6% decline, trading at $72.91, and the company has a market cap of $3.45 billion with a P/E ratio of 18.05.

Invesco Ltd. lessened its holdings in shares of Brady Corporation (NYSE:BRC - Free Report) by 55.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 302,678 shares of the industrial products company's stock after selling 384,245 shares during the period. Invesco Ltd. owned approximately 0.63% of Brady worth $21,381,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of BRC. Pacer Advisors Inc. bought a new position in shares of Brady during the 1st quarter valued at about $159,000. KBC Group NV lifted its holdings 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. NBC Securities Inc. lifted its holdings in shares of Brady by 99,900.0% during the 1st quarter. NBC Securities Inc. now owns 3,000 shares of the industrial products company's stock valued at $211,000 after purchasing an additional 2,997 shares in the last quarter. apricus wealth LLC bought a new position in shares of Brady during the 1st quarter valued at about $218,000. Finally, Hancock Whitney Corp bought a new position in shares of Brady during the 4th quarter valued at about $219,000. Institutional investors own 76.28% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Wall Street Zen cut Brady from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Sidoti raised Brady to a "strong-buy" rating in a research report on Monday, May 19th. One research analyst has rated the stock with a Strong Buy rating, According to MarketBeat.com, the company presently has an average rating of "Strong Buy".

Brady Stock Down 0.6%

Shares of Brady stock opened at $72.91 on Thursday. The business's 50 day simple moving average is $69.65 and its 200 day simple moving average is $70.39. Brady Corporation has a 52-week low of $62.70 and a 52-week high of $77.68. The firm has a market cap of $3.45 billion, a PE ratio of 18.05 and a beta of 0.81. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.26 and a current ratio of 1.87.

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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