Russell Investments Group Ltd. Trims Stock Position in Brady Corporation $BRC

Russell Investments Group Ltd. lowered its stake in shares of Brady Corporation (NYSE:BRC) by 1.2% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 48,970 shares of the industrial products company’s stock after selling 596 shares during the period. Russell Investments Group Ltd. owned about 0.10% of Brady worth $3,459,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of BRC. GAMMA Investing LLC raised 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 valued at $9,780,000 after buying an additional 136,516 shares during the last quarter. Allianz Asset Management GmbH grew its position in shares of 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. acquired a new stake in shares of Brady during the 4th quarter valued at about $7,713,000. Balyasny Asset Management L.P. grew its position in shares of Brady by 183.0% during 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 acquiring an additional 62,191 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Brady by 10.8% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 498,670 shares of the industrial products company’s stock valued at $35,226,000 after acquiring an additional 48,522 shares during the period. Hedge funds and other institutional investors own 76.28% of the company’s stock.

Brady Trading Up 3.5%

BRC stock opened at $76.5530 on Friday. 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 12-month low of $62.70 and a 12-month high of $77.68. The stock has a market cap of $3.62 billion, a price-to-earnings ratio of 18.95 and a beta of 0.81. The business’s 50-day moving average is $69.91 and its 200 day moving average is $70.37.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Wall Street Zen upgraded Brady from a “hold” rating to a “buy” rating in a research report on Friday. Sidoti upgraded Brady to a “strong-buy” rating in a research report on Monday, May 19th. One equities research analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, Brady presently has a consensus rating of “Strong Buy”.

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.