Sidoti Upgrades Brady (NYSE:BRC) to “Buy”

Brady (NYSE:BRC) was upgraded by stock analysts at Sidoti from a “neutral” rating to a “buy” rating in a research report issued on Tuesday,Benzinga reports. The firm currently has a $103.00 target price on the industrial products company’s stock. Sidoti’s price objective would suggest a potential upside of 36.76% from the company’s current price.

Other equities analysts also recently issued reports about the stock. Wall Street Zen raised shares of Brady from a “hold” rating to a “buy” rating in a research note on Saturday, May 23rd. Weiss Ratings downgraded Brady from a “buy (b+)” rating to a “buy (b)” rating in a report on Wednesday, May 13th. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $103.00.

Brady Stock Performance

Shares of NYSE:BRC opened at $75.31 on Tuesday. The company has a market cap of $3.55 billion, a price-to-earnings ratio of 17.16 and a beta of 0.62. The company has a 50-day moving average price of $82.51 and a 200-day moving average price of $83.88. The company has a current ratio of 2.01, a quick ratio of 1.36 and a debt-to-equity ratio of 0.02. Brady has a 12 month low of $65.76 and a 12 month high of $99.29.

Brady (NYSE:BRC) last issued its quarterly earnings data on Monday, May 18th. The industrial products company reported $1.50 EPS for the quarter, beating the consensus estimate of $1.35 by $0.15. The firm had revenue of $435.24 million during the quarter, compared to the consensus estimate of $406.07 million. Brady had a net margin of 12.93% and a return on equity of 19.01%. The company’s quarterly revenue was up 13.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.22 earnings per share. Brady has set its FY 2026 guidance at 5.200-5.300 EPS. As a group, equities analysts anticipate that Brady will post 5.25 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Flagship Harbor Advisors LLC bought a new position in Brady in the 4th quarter worth $25,000. Richardson Financial Services Inc. boosted its holdings in Brady by 72.1% in the 4th quarter. Richardson Financial Services Inc. now owns 389 shares of the industrial products company’s stock worth $30,000 after buying an additional 163 shares during the period. Advisory Services Network LLC bought a new position in Brady in the 3rd quarter worth $31,000. Global Retirement Partners LLC boosted its holdings in Brady by 42.4% in the 4th quarter. Global Retirement Partners LLC now owns 450 shares of the industrial products company’s stock worth $35,000 after buying an additional 134 shares during the period. Finally, Leonteq Securities AG bought a new position in Brady in the 1st quarter worth $40,000. Hedge funds and other institutional investors own 76.28% of the company’s stock.

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.