Deutsche Bank AG Trims Stock Position in Brady Corporation $BRC

Deutsche Bank AG lessened its stake in shares of Brady Corporation (NYSE:BRC) by 6.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,072 shares of the industrial products company’s stock after selling 198 shares during the quarter. Deutsche Bank AG’s holdings in Brady were worth $217,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Charles Schwab Investment Management Inc. lifted 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 worth $35,226,000 after buying an additional 48,522 shares during the last quarter. Natixis Advisors LLC lifted its position in shares of Brady by 9.0% during the 1st quarter. Natixis Advisors LLC now owns 12,042 shares of the industrial products company’s stock worth $851,000 after buying an additional 991 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Brady by 10.8% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,427 shares of the industrial products company’s stock worth $878,000 after buying an additional 1,208 shares during the last quarter. Heartland Advisors Inc. lifted its position in shares of Brady by 14.2% during the 1st quarter. Heartland Advisors Inc. now owns 136,108 shares of the industrial products company’s stock worth $9,615,000 after buying an additional 16,881 shares during the last quarter. Finally, Pacer Advisors Inc. purchased a new stake in shares of Brady during the 1st quarter worth approximately $159,000. Hedge funds and other institutional investors own 76.28% of the company’s stock.

Brady Stock Up 0.7%

Shares of Brady stock opened at $78.12 on Friday. The company has a market cap of $3.70 billion, a P/E ratio of 19.34 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 Corporation has a one year low of $62.70 and a one year high of $78.22. The firm has a fifty day moving average of $70.90 and a two-hundred day moving average of $70.49.

Wall Street Analysts Forecast Growth

Several research firms recently commented on BRC. Wall Street Zen upgraded shares of Brady from a “hold” rating to a “buy” rating in a research report on Friday, August 22nd. Sidoti upgraded shares of Brady to a “strong-buy” rating in a research report on Monday, May 19th. One analyst has rated the stock with a Strong Buy rating, According to MarketBeat.com, Brady has an average rating of “Strong Buy”.

About Brady

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.