Brady Corporation $BRC Shares Sold by Vanguard Group Inc.

Key Points

• Vanguard Group Inc. reduced its stake in Brady Corporation by 0.5%, selling 23,933 shares, and now holds approximately 10.86% of the company valued at $366.7 million.
• Several institutions, including KBC Group NV and Bessemer Group Inc., have increased their stakes in Brady, indicating heightened institutional interest.
• Wall Street analysts have mixed opinions on Brady, with one firm downgrading the stock from a "buy" to a "hold" while another upgraded it to a "strong-buy" rating.

Vanguard Group Inc. reduced its position in shares of Brady Corporation (NYSE:BRC - Free Report) by 0.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,191,292 shares of the industrial products company's stock after selling 23,933 shares during the quarter. Vanguard Group Inc. owned 10.86% of Brady worth $366,713,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of BRC. GAMMA Investing LLC boosted its stake in shares of Brady by 7,044.2% during 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 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 valued at $36,485,000 after buying an additional 118,133 shares in the last quarter. Clark Capital Management Group Inc. purchased a new position in Brady in the 4th quarter valued at about $7,713,000. Balyasny Asset Management L.P. lifted its stake in Brady by 183.0% in the 4th quarter. Balyasny Asset Management L.P. now owns 96,171 shares of the industrial products company's stock valued at $7,102,000 after buying an additional 62,191 shares in the last quarter. Finally, Annex Advisory Services LLC purchased a new position in Brady in the 1st quarter valued at about $3,267,000. 76.28% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Brady Price Performance

BRC stock traded down $0.4580 during mid-day trading on Wednesday, reaching $72.8620. The company's stock had a trading volume of 17,342 shares, compared to its average volume of 222,648. The company's 50 day moving average is $69.58 and its two-hundred day moving average is $70.38. The stock has a market cap of $3.45 billion, a PE ratio of 18.07 and a beta of 0.81. The company has a current ratio of 1.87, a quick ratio of 1.26 and a debt-to-equity ratio of 0.09. Brady Corporation has a fifty-two week low of $62.70 and a fifty-two week high of $77.68.

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.