Brady Corporation $BRC Shares Sold by Van Hulzen Asset Management LLC

Van Hulzen Asset Management LLC trimmed its position in Brady Corporation (NYSE:BRC) by 3.2% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 17,704 shares of the industrial products company’s stock after selling 587 shares during the period. Van Hulzen Asset Management LLC’s holdings in Brady were worth $1,251,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in BRC. Neuberger Berman Group LLC lifted its position in Brady by 196.6% in the first quarter. Neuberger Berman Group LLC now owns 1,614,375 shares of the industrial products company’s stock worth $114,039,000 after purchasing an additional 1,070,000 shares during the period. GAMMA Investing LLC lifted its position 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 acquiring an additional 136,516 shares during the last quarter. Allianz Asset Management GmbH lifted 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 last quarter. Clark Capital Management Group Inc. acquired a new stake in shares of Brady during the 4th quarter valued at $7,713,000. Finally, Balyasny Asset Management L.P. lifted 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 last quarter. 76.28% of the stock is currently owned by institutional investors and hedge funds.

Brady Price Performance

Shares of NYSE:BRC opened at $76.5530 on Friday. The company’s fifty day moving average is $69.91 and its two-hundred day moving average is $70.41. 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 12-month low of $62.70 and a 12-month high of $77.68. The company has a market cap of $3.62 billion, a P/E ratio of 18.95 and a beta of 0.81.

Wall Street Analyst Weigh In

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