Northern Trust Corp Purchases 3,572 Shares of Brady Corporation $BRC

Key Points

• Northern Trust Corp has increased its stake in Brady Corporation by 1.7%, owning approximately 216,892 shares valued at $15.3 million.
• Several institutional investors have significantly boosted their holdings in Brady, with Neuberger Berman Group increasing its position by 196.6% during the first quarter.
• Wall Street analysts have upgraded Brady's stock rating, with an average rating of "Strong Buy" indicating strong investor confidence in the company.

Northern Trust Corp increased its position in Brady Corporation (NYSE:BRC - Free Report) by 1.7% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 216,892 shares of the industrial products company's stock after purchasing an additional 3,572 shares during the quarter. Northern Trust Corp owned approximately 0.45% of Brady worth $15,321,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Neuberger Berman Group LLC lifted its position in Brady by 196.6% during 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 period. GAMMA Investing LLC increased its stake in shares of Brady by 7,044.2% in the 1st quarter. GAMMA Investing LLC now owns 138,454 shares of the industrial products company's stock worth $9,780,000 after acquiring an additional 136,516 shares in the last quarter. Allianz Asset Management GmbH lifted its position in Brady by 29.7% during 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 period. Clark Capital Management Group Inc. bought a new stake in Brady during the fourth quarter worth about $7,713,000. Finally, Balyasny Asset Management L.P. grew its holdings in Brady by 183.0% in 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 period. 76.28% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Brady Trading Down 0.2%

NYSE:BRC opened at $77.94 on Wednesday. The stock has a market cap of $3.69 billion, a price-to-earnings ratio of 19.29 and a beta of 0.83. 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 company's 50 day moving average price is $71.31 and its 200-day moving average price is $70.55. Brady Corporation has a 52 week low of $62.70 and a 52 week high of $78.45.

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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