Charles Schwab Investment Management Inc. Boosts Position in Brady Corporation $BRC

Charles Schwab Investment Management Inc. boosted its position in shares of Brady Corporation (NYSE:BRC) by 10.8% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 498,670 shares of the industrial products company’s stock after purchasing an additional 48,522 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 1.04% of Brady worth $35,226,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Victory Capital Management Inc. boosted its position in Brady by 1.2% during the first quarter. Victory Capital Management Inc. now owns 18,509 shares of the industrial products company’s stock worth $1,307,000 after purchasing an additional 215 shares in the last quarter. Ariel Investments LLC boosted its position in Brady by 6.1% during the fourth quarter. Ariel Investments LLC now owns 3,840 shares of the industrial products company’s stock worth $284,000 after purchasing an additional 220 shares in the last quarter. NDVR Inc. boosted its position in Brady by 7.6% during the fourth quarter. NDVR Inc. now owns 3,883 shares of the industrial products company’s stock worth $287,000 after purchasing an additional 274 shares in the last quarter. Bank of Montreal Can boosted its position in Brady by 11.2% during the fourth quarter. Bank of Montreal Can now owns 5,670 shares of the industrial products company’s stock worth $419,000 after purchasing an additional 572 shares in the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S boosted its position in Brady by 4.8% during the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 12,828 shares of the industrial products company’s stock worth $947,000 after purchasing an additional 586 shares in the last quarter. 76.28% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have commented on BRC. Sidoti upgraded Brady to a “strong-buy” rating in a research report on Monday, May 19th. Wall Street Zen downgraded Brady from a “buy” rating to a “hold” rating in a research report on Saturday, August 9th.

Brady Stock Up 0.5%

Shares of NYSE:BRC opened at $72.65 on Tuesday. The company has a quick ratio of 1.26, a current ratio of 1.87 and a debt-to-equity ratio of 0.09. Brady Corporation has a 52-week low of $62.70 and a 52-week high of $77.68. The stock’s fifty day simple moving average is $69.52 and its 200-day simple moving average is $70.36. The company has a market capitalization of $3.44 billion, a P/E ratio of 17.98 and a beta of 0.81.

Brady (NYSE:BRC) last issued its quarterly earnings data on Friday, May 16th. The industrial products company reported $1.22 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.22. Brady had a return on equity of 19.57% and a net margin of 13.35%. The business had revenue of $382.59 million for the quarter, compared to the consensus estimate of $386.61 million. During the same period in the prior year, the business earned $1.09 earnings per share. The business’s revenue was up 11.4% on a year-over-year basis. As a group, equities research analysts forecast that Brady Corporation will post 4.55 earnings per share for the current fiscal year.

Brady 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.