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 Saturday.

Separately, Weiss Ratings reissued a “buy (b)” rating on shares of Brady in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Strong Buy”.

Brady Trading Up 0.5%

NYSE:BRC opened at $84.45 on Friday. Brady has a 1 year low of $62.70 and a 1 year high of $84.49. The stock’s fifty day moving average price is $79.50 and its two-hundred day moving average price is $76.41. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.07 and a quick ratio of 1.39. The company has a market cap of $3.98 billion, a P/E ratio of 20.65 and a beta of 0.65.

Brady (NYSE:BRC) last released its quarterly earnings data on Monday, November 17th. The industrial products company reported $1.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.18 by $0.03. Brady had a return on equity of 19.06% and a net margin of 12.74%.The company had revenue of $405.29 million for the quarter, compared to analyst estimates of $393.65 million. During the same period in the previous year, the company posted $1.12 EPS. The firm’s revenue for the quarter was up 7.5% compared to the same quarter last year. Brady has set its FY 2026 guidance at 4.900-5.150 EPS. As a group, analysts expect that Brady will post 4.55 EPS for the current year.

Brady Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 30th. Stockholders of record on Friday, January 9th will be issued a $0.245 dividend. The ex-dividend date is Friday, January 9th. This represents a $0.98 annualized dividend and a dividend yield of 1.2%. Brady’s payout ratio is currently 23.96%.

Insider Activity at Brady

In related news, COO Thomas F. Debruine sold 5,538 shares of the firm’s stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $81.00, for a total transaction of $448,578.00. Following the transaction, the chief operating officer directly owned 10,181 shares in the company, valued at $824,661. This trade represents a 35.23% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Russell Shaller sold 17,130 shares of the business’s stock in a transaction that occurred on Tuesday, November 25th. The shares were sold at an average price of $81.25, for a total value of $1,391,812.50. Following the completion of the sale, the chief executive officer owned 141,421 shares of the company’s stock, valued at $11,490,456.25. The trade was a 10.80% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 73,586 shares of company stock worth $5,720,907 over the last three months. Corporate insiders own 15.60% of the company’s stock.

Institutional Investors Weigh In On Brady

Large investors have recently added to or reduced their stakes in the company. First Trust Advisors LP raised its stake in shares of Brady by 13.4% during the third quarter. First Trust Advisors LP now owns 1,326,113 shares of the industrial products company’s stock valued at $103,477,000 after acquiring an additional 156,868 shares during the last quarter. Champlain Investment Partners LLC raised its position in Brady by 22.1% during the 2nd quarter. Champlain Investment Partners LLC now owns 821,401 shares of the industrial products company’s stock valued at $55,831,000 after purchasing an additional 148,471 shares during the last quarter. Royce & Associates LP raised its position in Brady by 1.0% during the 3rd quarter. Royce & Associates LP now owns 674,248 shares of the industrial products company’s stock valued at $52,612,000 after purchasing an additional 6,922 shares during the last quarter. DekaBank Deutsche Girozentrale lifted its holdings in Brady by 15.7% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 524,913 shares of the industrial products company’s stock worth $36,047,000 after buying an additional 71,291 shares during the period. Finally, Qube Research & Technologies Ltd grew its position in shares of Brady by 15.1% in the 3rd quarter. Qube Research & Technologies Ltd now owns 371,541 shares of the industrial products company’s stock worth $28,991,000 after buying an additional 48,668 shares during the last quarter. 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.