Brady (NYSE:BRC) Raised to "Buy" at Wall Street Zen

Key Points

• Wall Street Zen upgraded Brady to “Buy” from “Hold,” while the broader analyst consensus remains “Buy” with a $103 price target.
• Brady’s latest quarterly results exceeded expectations, with EPS of $1.48 versus $1.47 expected and revenue of $436.9 million versus $427.9 million forecast; revenue rose 10% year over year.
• The stock opened at $84.79, below the consensus target, while institutional investors own 76.28% of shares. COO Thomas DeBruine recently sold 5,739 shares at an average price of $84.

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

BRC has been the topic of a number of other reports. Sidoti raised Brady from a "neutral" rating to a "buy" rating and set a $103.00 price objective on the stock in a report on Tuesday, June 9th. Weiss Ratings downgraded Brady from a "buy (b+)" rating to a "buy (b)" rating in a report on Monday, September 14th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $103.00.

Brady Stock Performance

Shares of NYSE:BRC opened at $84.79 on Friday. The company has a current ratio of 1.94, a quick ratio of 1.30 and a debt-to-equity ratio of 0.01. Brady has a 12 month low of $70.57 and a 12 month high of $99.29. The company has a market capitalization of $3.98 billion, a price-to-earnings ratio of 19.67 and a beta of 0.61. The firm's 50-day moving average is $90.52 and its 200 day moving average is $86.86.

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

Insider Transactions at Brady

In other Brady news, COO Thomas DeBruine sold 5,739 shares of the company's stock in a transaction on Friday, September 18th. The shares were 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 of the company's stock, valued at approximately $631,932. This represents a 43.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 15.60% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Brady

A number of institutional investors have recently modified their holdings of the stock. Nykredit A S acquired a new stake in shares of Brady during the 2nd quarter worth approximately $34,000. Leonteq Securities AG acquired a new position in shares of Brady in the 1st quarter valued at $40,000. Integrated Wealth Concepts LLC acquired a new position in shares of Brady in the 2nd quarter valued at $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 25.2% during the first quarter. EverSource Wealth Advisors LLC now owns 1,249 shares of the industrial products company's stock worth $101,000 after buying an additional 251 shares in the last quarter. Hedge funds and other institutional investors own 76.28% of the company's stock.

Brady Company Profile

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.

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