Alps Advisors Inc. acquired a new position in shares of Brady Corp (NYSE:BRC) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 12,924 shares of the industrial products company’s stock, valued at approximately $490,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Principal Financial Group Inc. lifted its holdings in shares of Brady by 2.8% during the 1st quarter. Principal Financial Group Inc. now owns 399,529 shares of the industrial products company’s stock valued at $14,843,000 after buying an additional 10,963 shares during the last quarter. American International Group Inc. lifted its holdings in shares of Brady by 55.8% during the 1st quarter. American International Group Inc. now owns 57,844 shares of the industrial products company’s stock valued at $2,149,000 after buying an additional 20,709 shares during the last quarter. Prudential Financial Inc. lifted its holdings in shares of Brady by 2.2% during the 1st quarter. Prudential Financial Inc. now owns 81,872 shares of the industrial products company’s stock valued at $3,042,000 after buying an additional 1,800 shares during the last quarter. Wells Fargo & Company MN lifted its holdings in shares of Brady by 12.9% during the 2nd quarter. Wells Fargo & Company MN now owns 1,413,776 shares of the industrial products company’s stock valued at $54,501,000 after buying an additional 161,439 shares during the last quarter. Finally, Swiss National Bank lifted its holdings in shares of Brady by 3.7% during the 1st quarter. Swiss National Bank now owns 83,200 shares of the industrial products company’s stock valued at $3,091,000 after buying an additional 3,000 shares during the last quarter. Hedge funds and other institutional investors own 75.93% of the company’s stock.

BRC opened at $41.35 on Monday. Brady Corp has a twelve month low of $35.00 and a twelve month high of $41.95. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.34 and a quick ratio of 1.71. The company has a market capitalization of $2.14 billion, a P/E ratio of 23.63, a P/E/G ratio of 2.55 and a beta of 1.13.

Several equities research analysts recently weighed in on the company. ValuEngine upgraded Brady from a “hold” rating to a “buy” rating in a report on Thursday. Zacks Investment Research upgraded Brady from a “hold” rating to a “buy” rating and set a $44.00 target price for the company in a report on Monday, May 21st. Finally, Bank of America lowered Brady from a “buy” rating to an “underperform” rating and set a $40.00 target price for the company. in a report on Monday, July 16th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $39.75.

In other Brady news, Director Bradley C. Richardson sold 1,000 shares of Brady stock in a transaction that occurred on Wednesday, June 20th. The stock was sold at an average price of $40.61, for a total value of $40,610.00. Following the transaction, the director now directly owns 5,170 shares of the company’s stock, valued at approximately $209,953.70. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Thomas J. Felmer sold 11,667 shares of Brady stock in a transaction that occurred on Wednesday, September 5th. The stock was sold at an average price of $41.55, for a total value of $484,763.85. Following the completion of the transaction, the vice president now directly owns 69,782 shares in the company, valued at $2,899,442.10. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 40,124 shares of company stock valued at $1,623,989. Corporate insiders own 15.60% of the company’s stock.

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 IDS segment offers safety signs, pipe markers, labeling systems, spill control products, and lockout/tagout devices for facility identification and protection; materials and printing systems for product identification, brand protection labeling, work in process labeling, and finished product identification; and hand-held printers, wire markers, sleeves, and tags for wire identification, as well as software and services for safety compliance auditing, procedure writing, and training.

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Institutional Ownership by Quarter for Brady (NYSE:BRC)

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