Itau Unibanco Holding S.A. Takes Position in Brady Corp (BRC)

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Itau Unibanco Holding S.A. purchased a new stake in Brady Corp (NYSE:BRC) during the 2nd quarter, HoldingsChannel reports. The institutional investor purchased 8,252 shares of the industrial products company’s stock, valued at approximately $318,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Citadel Advisors LLC boosted its holdings in Brady by 71.0% in the second quarter. Citadel Advisors LLC now owns 28,118 shares of the industrial products company’s stock worth $1,083,000 after purchasing an additional 11,675 shares in the last quarter. Federated Investors Inc. PA boosted its holdings in Brady by 11.5% in the second quarter. Federated Investors Inc. PA now owns 25,992 shares of the industrial products company’s stock worth $1,002,000 after purchasing an additional 2,671 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Brady by 2.5% in the second quarter. Dimensional Fund Advisors LP now owns 1,823,061 shares of the industrial products company’s stock worth $70,279,000 after purchasing an additional 45,173 shares in the last quarter. Legal & General Group Plc boosted its holdings in Brady by 6.0% in the second quarter. Legal & General Group Plc now owns 104,176 shares of the industrial products company’s stock worth $4,012,000 after purchasing an additional 5,893 shares in the last quarter. Finally, BlackRock Inc. boosted its holdings in Brady by 4.4% in the second quarter. BlackRock Inc. now owns 6,679,085 shares of the industrial products company’s stock worth $257,479,000 after purchasing an additional 281,380 shares in the last quarter. 75.93% of the stock is currently owned by institutional investors.

BRC has been the subject of a number of recent research reports. Zacks Investment Research upgraded shares of Brady from a “hold” rating to a “buy” rating and set a $44.00 price objective for the company in a report on Monday, May 28th. Bank of America cut shares of Brady from a “buy” rating to an “underperform” rating and set a $40.00 price objective for the company. in a report on Monday, July 16th. Finally, ValuEngine upgraded shares of Brady from a “hold” rating to a “buy” rating in a report on Thursday. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $39.75.

Brady stock opened at $41.75 on Thursday. The firm has a market cap of $2.09 billion, a price-to-earnings ratio of 20.85, a PEG ratio of 2.50 and a beta of 1.13. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.34 and a quick ratio of 1.71. Brady Corp has a fifty-two week low of $32.70 and a fifty-two week high of $41.85.

In other Brady news, Director Bradley C. Richardson sold 1,000 shares of the business’s stock in a transaction on Wednesday, June 20th. The shares were sold at an average price of $40.61, for a total transaction of $40,610.00. Following the completion of the transaction, the director now owns 5,170 shares of the company’s stock, valued at approximately $209,953.70. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Thomas J. Felmer sold 11,667 shares of the business’s stock in a transaction on Monday, June 18th. The stock was sold at an average price of $40.50, for a total transaction of $472,513.50. Following the transaction, the vice president now directly owns 69,633 shares of the company’s stock, valued at approximately $2,820,136.50. The disclosure for this sale can be found here. In the last three months, insiders have sold 28,457 shares of company stock valued at $1,139,225. Company insiders own 15.60% of the company’s stock.

Brady 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 IDS segment offers safety signs, pipe markers, labeling systems, spill control products, and lockout/tagout devices for facility identification and protection; materials and printing systems for product identification, brand protection labeling, work in process labeling, and finished product identification; and hand-held printers, wire markers, sleeves, and tags for wire identification, as well as software and services for safety compliance auditing, procedure writing, and training.

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Institutional Ownership by Quarter for Brady (NYSE:BRC)

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