Brady (NYSE:BRC) Cut to “Buy” at StockNews.com

StockNews.com downgraded shares of Brady (NYSE:BRC) from a strong-buy rating to a buy rating in a research note published on Friday.

Brady Stock Performance

Brady stock opened at $74.04 on Friday. The company has a quick ratio of 1.45, a current ratio of 2.06 and a debt-to-equity ratio of 0.06. The company has a market capitalization of $3.52 billion, a PE ratio of 18.89, a P/E/G ratio of 2.20 and a beta of 0.77. The firm has a fifty day simple moving average of $69.36 and a two-hundred day simple moving average of $64.06. Brady has a twelve month low of $50.33 and a twelve month high of $74.51.

Institutional Trading of Brady

Hedge funds have recently added to or reduced their stakes in the business. SYSTM Wealth Solutions LLC bought a new position in shares of Brady during the first quarter valued at about $35,000. Global Retirement Partners LLC raised its stake in shares of Brady by 1,107.4% during the first quarter. Global Retirement Partners LLC now owns 652 shares of the industrial products company’s stock valued at $39,000 after acquiring an additional 598 shares during the last quarter. Blue Trust Inc. raised its stake in shares of Brady by 65.3% during the second quarter. Blue Trust Inc. now owns 663 shares of the industrial products company’s stock valued at $44,000 after acquiring an additional 262 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of Brady by 337.1% during the second quarter. GAMMA Investing LLC now owns 918 shares of the industrial products company’s stock valued at $61,000 after acquiring an additional 708 shares during the last quarter. Finally, Quarry LP raised its stake in shares of Brady by 36.1% during the second quarter. Quarry LP now owns 962 shares of the industrial products company’s stock valued at $64,000 after acquiring an additional 255 shares during the last quarter. 76.28% of the stock is owned by institutional investors.

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.