Brady (NYSE:BRC) Downgraded by Wall Street Zen to Hold

Key Points

• Wall Street Zen downgraded Brady from “Buy” to “Hold,” although the stock retains a consensus “Buy” rating from two analysts with a $103 price target.
• Brady reported quarterly adjusted EPS of $1.48, slightly beating estimates, while revenue reached $436.9 million and rose 10% year over year.
• The stock opened at $83.93, below its 52-week high of $99.29; meanwhile, COO Thomas DeBruine sold 5,739 shares worth approximately $482,000.

Brady (NYSE:BRC - Get Free Report) was downgraded by stock analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a report issued on Saturday, Wall Street Zen reports.

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

Brady Stock Performance

NYSE:BRC opened at $83.93 on Friday. The firm has a market capitalization of $3.94 billion, a PE ratio of 19.47 and a beta of 0.61. Brady has a 1 year low of $70.57 and a 1 year high of $99.29. The company has a current ratio of 1.94, a quick ratio of 1.30 and a debt-to-equity ratio of 0.01. The firm's fifty day simple moving average is $91.47 and its 200 day simple moving average is $86.93.

Brady (NYSE:BRC - Get Free Report) last released its earnings results on Thursday, September 3rd. The industrial products company reported $1.48 earnings per share 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 analyst estimates of $427.91 million. Brady had a net margin of 12.36% and a return on equity of 19.21%. The business's 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. On average, sell-side analysts anticipate that Brady will post 6.5 EPS for the current year.

Insider Activity

In related news, COO Thomas DeBruine sold 5,739 shares of the company's stock in a transaction 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 completion of the transaction, the chief operating officer directly owned 7,523 shares in the company, valued at approximately $631,932. This represents a 43.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 15.60% of the company's stock.

Institutional Investors Weigh In On Brady

A number of institutional investors have recently bought and sold shares of the business. Nykredit A S acquired a new position in shares of Brady in the 2nd quarter valued at $34,000. Leonteq Securities AG acquired a new position in shares of Brady in the 1st quarter worth approximately $40,000. Integrated Wealth Concepts LLC acquired a new position in shares of Brady in the 2nd quarter worth approximately $47,000. Parkside Financial Bank & Trust lifted its position in shares of Brady by 3,072.2% during the 2nd 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 during the period. Finally, EverSource Wealth Advisors LLC boosted its stake in Brady by 50.3% in the 4th quarter. EverSource Wealth Advisors LLC now owns 998 shares of the industrial products company's stock valued at $78,000 after buying an additional 334 shares in the last quarter. Institutional investors and hedge funds own 76.28% of the company's stock.

Brady Company Profile

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.

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