Brady's (BRC) "Buy (B)" Rating Reiterated at Weiss Ratings

Key Points

• Brady's stock (NYSE:BRC) has received a "buy (B)" rating from Weiss Ratings and was also upgraded from a "hold" to a "buy" by Wall Street Zen, contributing to an average rating of "Strong Buy" from analysts.
• The company reported earnings of $1.26 per share for the latest quarter, exceeding estimates of $1.24, with revenue increasing by 15.7% year-over-year to $397.28 million.
• Insider selling has occurred, with CEO Russell Shaller selling 23,743 shares, representing a 14.95% decrease in his position, while institutional investors continue to increase their stakes in the company.

Brady (NYSE:BRC - Get Free Report)'s stock had its "buy (b)" rating reiterated by stock analysts at Weiss Ratings in a report released on Wednesday,Weiss Ratings reports.

Separately, Wall Street Zen raised Brady from a "hold" rating to a "buy" rating in a research report on Friday, August 22nd. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company. According to MarketBeat, the company presently has an average rating of "Strong Buy".

Brady Trading Down 1.1%

NYSE BRC traded down $0.83 on Wednesday, reaching $73.81. The company had a trading volume of 114,457 shares, compared to its average volume of 220,578. The stock's 50 day moving average is $76.19 and its 200-day moving average is $71.84. The stock has a market cap of $3.48 billion, a price-to-earnings ratio of 18.78 and a beta of 0.78. The company has a quick ratio of 1.27, a current ratio of 1.88 and a debt-to-equity ratio of 0.08. Brady has a 52 week low of $62.70 and a 52 week high of $84.03.

Brady (NYSE:BRC - Get Free Report) last posted its earnings results on Thursday, September 4th. The industrial products company reported $1.26 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.24 by $0.02. Brady had a return on equity of 19.29% and a net margin of 12.50%.The firm had revenue of $397.28 million during the quarter, compared to analysts' expectations of $384.67 million. During the same period in the previous year, the firm earned $1.19 earnings per share. The company's revenue was up 15.7% on a year-over-year basis. Brady has set its FY 2026 guidance at 4.850-5.150 EPS. Equities analysts predict that Brady will post 4.55 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO Russell Shaller sold 23,743 shares of the business's stock in a transaction on Thursday, September 18th. The stock was sold at an average price of $80.07, for a total transaction of $1,901,102.01. Following the sale, the chief executive officer owned 135,080 shares in the company, valued at $10,815,855.60. The trade was a 14.95% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Elizabeth P. Bruno sold 2,538 shares of the company's stock in a transaction dated Monday, October 6th. The shares were sold at an average price of $76.27, for a total value of $193,573.26. Following the completion of the sale, the director owned 597,462 shares in the company, valued at $45,568,426.74. This trade represents a 0.42% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 28,973 shares of company stock worth $2,299,994 in the last 90 days. 15.60% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. KBC Group NV lifted its stake in shares of Brady by 33.7% in the 1st quarter. KBC Group NV now owns 2,391 shares of the industrial products company's stock valued at $169,000 after purchasing an additional 602 shares during the period. Dynamic Technology Lab Private Ltd acquired a new position in Brady during the 1st quarter worth approximately $381,000. Bessemer Group Inc. increased its holdings in Brady by 68.9% during the 1st quarter. Bessemer Group Inc. now owns 11,011 shares of the industrial products company's stock worth $779,000 after purchasing an additional 4,490 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Brady by 10.8% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 498,670 shares of the industrial products company's stock worth $35,226,000 after purchasing an additional 48,522 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. bought a new stake in Brady during the 1st quarter worth approximately $6,775,000. 76.28% of the stock is owned by institutional investors and hedge funds.

Brady Company Profile

Brady Corporation manufactures and supplies identification solutions (IDS) and workplace safety (WPS) products to identify and protect premises, products, and people in the United States and internationally. The company offers materials, printing systems, RFID, and bar code scanners for product identification, brand protection labeling, work in process labeling, finished product identification, and industrial track and trace applications; safety signs, floor-marking tapes, pipe markers, labeling systems, spill control products, lockout/tagout device, and software and services for safety compliance auditing, procedure writing, and training; and hand-held printers, wire markers, sleeves, and tags for wire identification.

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