Brady (NYSE:BRC) Reaches New 52-Week High at $75.98

Brady Co. (NYSE:BRC)’s stock price reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $75.98 and last traded at $75.47, with a volume of 102940 shares traded. The stock had previously closed at $71.81.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded Brady from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 30th.

Brady Stock Up 5.1 %

The firm’s 50 day moving average is $69.94 and its two-hundred day moving average is $64.34. The stock has a market cap of $3.58 billion, a price-to-earnings ratio of 19.25, a P/E/G ratio of 2.20 and a beta of 0.77. The company has a current ratio of 2.06, a quick ratio of 1.45 and a debt-to-equity ratio of 0.06.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in Brady by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 5,307,191 shares of the industrial products company’s stock valued at $314,610,000 after purchasing an additional 32,437 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Brady by 1.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,510,180 shares of the industrial products company’s stock valued at $99,701,000 after purchasing an additional 24,786 shares during the last quarter. Lord Abbett & CO. LLC grew its holdings in Brady by 21.1% in the 1st quarter. Lord Abbett & CO. LLC now owns 610,505 shares of the industrial products company’s stock valued at $36,190,000 after buying an additional 106,219 shares during the period. DekaBank Deutsche Girozentrale grew its holdings in Brady by 23.5% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 560,274 shares of the industrial products company’s stock valued at $36,631,000 after buying an additional 106,652 shares during the period. Finally, Boston Partners grew its holdings in Brady by 2,520.6% in the 4th quarter. Boston Partners now owns 465,465 shares of the industrial products company’s stock valued at $27,441,000 after buying an additional 447,703 shares during the period. Institutional investors and hedge funds own 76.28% of the company’s stock.

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.