StockNews.com Downgrades Brady (NYSE:BRC) to Buy

Brady (NYSE:BRC) was downgraded by research analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Friday.

Brady Trading Up 0.9 %

NYSE:BRC opened at $74.04 on Friday. The company has a market capitalization of $3.52 billion, a PE ratio of 18.89, a price-to-earnings-growth ratio of 2.12 and a beta of 0.77. Brady has a 52-week low of $50.33 and a 52-week high of $74.51. The stock has a fifty day simple moving average of $69.36 and a 200-day simple moving average of $64.05. The company has a quick ratio of 1.45, a current ratio of 2.06 and a debt-to-equity ratio of 0.06.

Institutional Trading of Brady

Several large investors have recently modified their holdings of BRC. Lord Abbett & CO. LLC raised its position in shares of Brady by 21.1% during the 1st quarter. Lord Abbett & CO. LLC now owns 610,505 shares of the industrial products company’s stock worth $36,190,000 after purchasing an additional 106,219 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Brady by 101.9% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 39,503 shares of the industrial products company’s stock valued at $2,207,000 after acquiring an additional 19,942 shares in the last quarter. Swedbank AB lifted its position in shares of Brady by 54.4% in the second quarter. Swedbank AB now owns 350,000 shares of the industrial products company’s stock valued at $23,107,000 after acquiring an additional 123,296 shares in the last quarter. Leuthold Group LLC acquired a new stake in shares of Brady during the fourth quarter valued at $3,390,000. Finally, GSA Capital Partners LLP purchased a new stake in Brady during the 1st quarter worth about $1,051,000. 76.28% of the stock is currently owned by institutional investors and hedge funds.

Brady Company 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.