Brady (NYSE:BRC) Upgraded at Wall Street Zen

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

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

Brady Trading Down 0.3%

Shares of BRC stock opened at $85.15 on Friday. The company has a market cap of $3.99 billion, a PE ratio of 19.76 and a beta of 0.61. Brady has a 1 year low of $70.57 and a 1 year high of $99.29. The stock’s 50 day simple moving average is $90.04 and its two-hundred day simple moving average is $86.87. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.94 and a quick ratio of 1.30.

Brady (NYSE:BRC) last announced its earnings results on Thursday, September 3rd. The industrial products company reported $1.48 EPS for the quarter, topping analysts’ consensus estimates of $1.47 by $0.01. The firm had revenue of $436.90 million during the quarter, compared to analysts’ expectations of $427.91 million. Brady had a return on equity of 19.21% and a net margin of 12.36%.The company’s quarterly revenue was up 10.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.04 EPS. Brady has set its FY 2027 guidance at 6.250-6.750 EPS. Research analysts predict that Brady will post 6.5 earnings per share for the current year.

Brady Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Friday, October 9th will be issued a dividend of $0.25 per share. This is an increase from Brady’s previous quarterly dividend of $0.2450. This represents a $1.00 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Friday, October 9th. Brady’s dividend payout ratio (DPR) is currently 22.74%.

Insider Transactions at Brady

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

Institutional Investors Weigh In On Brady

Institutional investors have recently added to or reduced their stakes in the stock. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in Brady in the second quarter worth $3,259,000. Inspire Investing LLC lifted its holdings in shares of Brady by 15.1% during the 1st quarter. Inspire Investing LLC now owns 54,222 shares of the industrial products company’s stock valued at $4,405,000 after purchasing an additional 7,123 shares during the last quarter. Bank of America Corp DE lifted its holdings in shares of Brady by 112.4% during the 1st quarter. Bank of America Corp DE now owns 48,672 shares of the industrial products company’s stock valued at $3,954,000 after purchasing an additional 25,760 shares during the last quarter. SEB Asset Management AB acquired a new stake in shares of Brady in the 1st quarter worth $1,701,000. Finally, Fifth Third Bancorp boosted its position in shares of Brady by 318.3% in the 1st quarter. Fifth Third Bancorp now owns 14,673 shares of the industrial products company’s stock worth $1,192,000 after purchasing an additional 11,165 shares in the last quarter. Institutional investors own 76.28% of the company’s stock.

About Brady

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.