Brady (NYSE:BRC) Rating Lowered to Hold at Wall Street Zen

Brady (NYSE:BRC) was downgraded by stock analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a note issued to investors on Saturday, Wall Street Zen reports.

BRC has been the subject of several other reports. Weiss Ratings downgraded Brady from a “buy (b+)” rating to a “buy (b)” rating in a report on Monday, September 14th. Sidoti upgraded shares of Brady from a “neutral” rating to a “buy” rating and set a $103.00 price objective for the company in a research report on Tuesday, June 9th. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat, Brady currently has an average rating of “Buy” and a consensus target price of $103.00.

Brady Stock Performance

NYSE BRC opened at $83.93 on Friday. The firm has a market cap of $3.94 billion, a P/E ratio of 19.47 and a beta of 0.61. Brady has a 52-week low of $70.57 and a 52-week high of $99.29. The business’s 50-day moving average price is $91.47 and its 200 day moving average price is $86.93. The company has a quick ratio of 1.30, a current ratio of 1.94 and a debt-to-equity ratio of 0.01.

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

Insider Activity at Brady

In related news, COO Thomas DeBruine sold 5,739 shares of Brady stock in a transaction that occurred on Friday, September 18th. The stock was 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 $631,932. The trade was a 43.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 15.60% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of BRC. Nykredit A S purchased a new stake in shares of Brady during the 2nd quarter worth $34,000. Leonteq Securities AG acquired a new stake in shares of Brady in the first quarter valued at about $40,000. Integrated Wealth Concepts LLC acquired a new stake in shares of Brady in the second quarter valued at about $47,000. Parkside Financial Bank & Trust boosted its holdings in Brady by 3,072.2% during the second quarter. Parkside Financial Bank & Trust now owns 571 shares of the industrial products company’s stock worth $52,000 after buying an additional 553 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its holdings in Brady by 50.3% during the fourth quarter. EverSource Wealth Advisors LLC now owns 998 shares of the industrial products company’s stock worth $78,000 after buying an additional 334 shares in the last quarter. Hedge funds and other institutional investors own 76.28% of the company’s stock.

About Brady

Brady Corporation (NYSE: BRC) develops and manufactures identification, workplace safety and facility-marking products for industrial, commercial, healthcare and government customers. Its offerings include safety signs and labels, pipe and valve markers, asset and equipment identification, wire and cable markers, barcode and RFID products, and specialized identification materials designed for demanding environments.

The company also provides printers, software and related systems used to create and manage labels, signs and other identification products.