7,200 Shares in Brady Corporation $BRC Bought by North Star Asset Management Inc.

North Star Asset Management Inc. acquired a new stake in shares of Brady Corporation (NYSE:BRC) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 7,200 shares of the industrial products company’s stock, valued at approximately $659,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Advisory Services Network LLC bought a new position in Brady in the 3rd quarter worth about $31,000. Global Retirement Partners LLC boosted its position in shares of Brady by 42.4% during the 4th quarter. Global Retirement Partners LLC now owns 450 shares of the industrial products company’s stock valued at $35,000 after acquiring an additional 134 shares during the last quarter. Leonteq Securities AG purchased a new position in shares of Brady during the first quarter worth about $40,000. EverSource Wealth Advisors LLC grew its holdings in shares of Brady by 89.0% during the second quarter. EverSource Wealth Advisors LLC now owns 684 shares of the industrial products company’s stock worth $46,000 after purchasing an additional 322 shares in the last quarter. Finally, Tower Research Capital LLC TRC raised its stake in Brady by 156.1% in the second quarter. Tower Research Capital LLC TRC now owns 1,014 shares of the industrial products company’s stock valued at $69,000 after purchasing an additional 618 shares in the last quarter. 76.28% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Brady news, CEO Vineet A. Nargolwala purchased 13,011 shares of the stock in a transaction on Wednesday, June 10th. The stock was acquired at an average cost of $76.86 per share, with a total value of $1,000,025.46. Following the completion of the purchase, the chief executive officer directly owned 52,709 shares of the company’s stock, valued at approximately $4,051,213.74. This trade represents a 32.77% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. 15.60% of the stock is owned by corporate insiders.

Brady Price Performance

Shares of Brady stock opened at $93.28 on Friday. Brady Corporation has a 52-week low of $70.57 and a 52-week high of $99.29. The stock has a market capitalization of $4.39 billion, a price-to-earnings ratio of 21.25 and a beta of 0.61. The company has a fifty day moving average of $92.95 and a 200-day moving average of $87.81. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.36 and a current ratio of 2.01.

Wall Street Analysts Forecast Growth

A number of research firms have commented on BRC. Weiss Ratings reissued a “buy (b)” rating on shares of Brady in a research note on Friday, August 7th. Wall Street Zen upgraded shares of Brady from a “hold” rating to a “buy” rating in a research report on Saturday, May 23rd. Finally, Sidoti raised shares of Brady from a “neutral” rating to a “buy” rating and set a $103.00 price objective for the company in a report on Tuesday, June 9th. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $103.00.

About Brady

Brady Corporation is a global provider of identification and safety solutions, specializing in the design, manufacture and sale of products that help businesses improve safety, security and efficiency. The company offers an array of durable labels, signs, safety devices, printing systems and software platforms tailored to a wide range of industrial and commercial environments.

Founded in 1914 by William H. Brady, Brady Corporation has grown from a regional marker manufacturer into a diversified global enterprise.