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

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

Analyst Ratings Changes

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

Brady Stock Up 5.1 %

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 firm has a market cap of $3.58 billion, a PE ratio of 19.25, a PEG ratio of 2.20 and a beta of 0.77. The stock has a fifty day moving average price of $69.94 and a 200-day moving average price of $64.34.

Institutional Trading of Brady

Institutional investors have recently modified their holdings of the company. SYSTM Wealth Solutions LLC purchased a new stake in shares of Brady during the 1st quarter worth about $35,000. Global Retirement Partners LLC grew its holdings in shares of Brady by 1,107.4% during the 1st quarter. Global Retirement Partners LLC now owns 652 shares of the industrial products company’s stock worth $39,000 after purchasing an additional 598 shares during the period. Blue Trust Inc. grew its holdings in shares of Brady by 65.3% during the 2nd quarter. Blue Trust Inc. now owns 663 shares of the industrial products company’s stock worth $44,000 after purchasing an additional 262 shares during the period. GAMMA Investing LLC grew its holdings in shares of Brady by 337.1% during the 2nd quarter. GAMMA Investing LLC now owns 918 shares of the industrial products company’s stock worth $61,000 after purchasing an additional 708 shares during the period. Finally, Quarry LP grew its holdings in shares of Brady by 36.1% during the 2nd quarter. Quarry LP now owns 962 shares of the industrial products company’s stock worth $64,000 after purchasing an additional 255 shares during the period. Hedge funds and other institutional investors own 76.28% of the company’s stock.

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.