Brady (NYSE:BRC) Upgraded to “Buy” at Wall Street Zen

by · The Markets Daily

Wall Street Zen upgraded shares of Brady (NYSE:BRC – Free Report) from a hold rating to a buy rating in a report released on Sunday morning,Wall Street Zen reports.

Several other research firms also recently weighed in on BRC. Weiss Ratings downgraded Brady from a “buy (b+)” rating to a “buy (b)” rating in a research report on Monday, September 14th. Sidoti upgraded shares of Brady from a “neutral” rating to a “buy” rating and set a $103.00 price target on the stock in a report on Tuesday, June 9th. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $103.00.

Read Our Latest Stock Analysis on Brady

Brady Trading Up 0.0%

Shares of NYSE BRC opened at $84.79 on Friday. Brady has a 1-year low of $70.57 and a 1-year high of $99.29. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.94 and a quick ratio of 1.30. The business’s 50 day moving average is $90.52 and its two-hundred day moving average is $86.87. The stock has a market capitalization of $3.98 billion, a P/E ratio of 19.67 and a beta of 0.61.

Brady (NYSE:BRC – Get Free Report) last posted its quarterly earnings data on Thursday, September 3rd. The industrial products company reported $1.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.47 by $0.01. The business had revenue of $436.90 million during the quarter, compared to analyst estimates of $427.91 million. Brady had a return on equity of 19.21% and a net margin of 12.36%.The company’s revenue for the quarter was up 10.0% on a year-over-year basis. During the same period last year, the company earned $1.04 EPS. Brady has set its FY 2027 guidance at 6.250-6.750 EPS. As a group, research analysts expect that Brady will post 6.5 EPS for the current year.

Brady Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Friday, October 9th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, October 9th. This is a positive change from Brady’s previous quarterly dividend of $0.2450. Brady’s dividend payout ratio is presently 22.74%.

Insider Buying and Selling at Brady

In other news, COO Thomas DeBruine sold 5,739 shares of the firm’s stock in a transaction dated Friday, September 18th. The shares were sold at an average price of $84.00, for a total value of $482,076.00. Following the sale, the chief operating officer directly owned 7,523 shares in the company, valued at approximately $631,932. This trade represents a 43.27% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 15.60% of the stock is owned by company insiders.

Institutional Trading of Brady

Institutional investors have recently made changes to their positions in the business. QRG Capital Management Inc. raised its stake in Brady by 16.9% in the second quarter. QRG Capital Management Inc. now owns 15,141 shares of the industrial products company’s stock valued at $1,386,000 after buying an additional 2,193 shares during the last quarter. Tidal Investments LLC grew its stake in shares of Brady by 5.8% during the second quarter. Tidal Investments LLC now owns 17,459 shares of the industrial products company’s stock worth $1,599,000 after acquiring an additional 958 shares during the last quarter. WINTON GROUP Ltd acquired a new position in shares of Brady during the second quarter valued at about $641,000. Integrated Wealth Concepts LLC purchased a new position in shares of Brady in the 2nd quarter valued at approximately $47,000. Finally, Nykredit A S acquired a new stake in Brady in the 2nd quarter worth approximately $34,000. Institutional investors and hedge funds own 76.28% of the company’s stock.

Brady Company Profile

(Get Free Report)

Brady Corporation (NYSE:BRC) is a global manufacturer of identification, workplace safety and compliance solutions. The company develops products that help organizations identify equipment, components, facilities and hazards while supporting safety, productivity and regulatory compliance across industrial, commercial and public-sector environments.

Its product portfolio includes industrial and safety labels, signs, tags, pipe markers, lockout/tagout products, wire and cable identification materials, barcode and RFID systems, identification printers, software and related supplies.

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