Brady Co. (NYSE:BRC) Shares Sold by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. trimmed its position in Brady Co. (NYSE:BRC) by 9.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,159 shares of the industrial products company’s stock after selling 328 shares during the period. Crossmark Global Holdings Inc.’s holdings in Brady were worth $208,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of BRC. Lord Abbett & CO. LLC lifted its position in shares of Brady by 21.1% in the first quarter. Lord Abbett & CO. LLC now owns 610,505 shares of the industrial products company’s stock valued at $36,190,000 after acquiring an additional 106,219 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Brady by 101.9% in the 1st 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 purchasing an additional 19,942 shares in the last quarter. Swedbank AB boosted its stake in Brady by 54.4% during the 2nd quarter. Swedbank AB now owns 350,000 shares of the industrial products company’s stock worth $23,107,000 after purchasing an additional 123,296 shares during the last quarter. GSA Capital Partners LLP purchased a new stake in shares of Brady during the first quarter worth $1,051,000. Finally, Seizert Capital Partners LLC acquired a new stake in shares of Brady in the fourth quarter valued at about $1,418,000. 76.28% of the stock is currently owned by institutional investors and hedge funds.

Brady Stock Performance

NYSE BRC opened at $71.89 on Friday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.45 and a current ratio of 2.06. The stock’s fifty day moving average is $69.94 and its two-hundred day moving average is $64.34. The firm has a market capitalization of $3.41 billion, a P/E ratio of 18.34, a price-to-earnings-growth ratio of 2.20 and a beta of 0.77. Brady Co. has a fifty-two week low of $51.35 and a fifty-two week high of $74.51.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of Brady from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 30th.

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.