Brady (NYSE:BRC) Rating Increased to Buy at Wall Street Zen

Wall Street Zen upgraded shares of Brady (NYSE:BRC) from a hold rating to a buy rating in a report published on Saturday.

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

Brady Stock Performance

Shares of BRC opened at $84.45 on Friday. The company has a market capitalization of $3.98 billion, a PE ratio of 20.65 and a beta of 0.65. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.39 and a current ratio of 2.07. The company’s 50 day moving average price is $79.33 and its 200 day moving average price is $76.26. Brady has a 52 week low of $62.70 and a 52 week high of $84.49.

Brady (NYSE:BRC) last issued its earnings results 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 net margin of 12.74% and a return on equity of 19.06%. The company had revenue of $405.29 million during the quarter, compared to analyst estimates of $393.65 million. During the same quarter last year, the business posted $1.12 EPS. The company’s revenue for the quarter was up 7.5% on a year-over-year basis. Brady has set its FY 2026 guidance at 4.900-5.150 EPS. Research analysts expect that Brady will post 4.55 EPS for the current fiscal year.

Brady Dividend Announcement

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

Insider Buying and Selling

In related news, General Counsel Andrew Gorman sold 12,528 shares of the firm’s stock in a transaction that occurred on Tuesday, November 25th. The stock was sold at an average price of $80.01, for a total value of $1,002,365.28. Following the transaction, the general counsel directly owned 14,153 shares of the company’s stock, valued at approximately $1,132,381.53. This trade represents a 46.95% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Thomas F. Debruine sold 5,538 shares of the company’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 value of $448,578.00. Following the sale, the chief operating officer directly owned 10,181 shares of the company’s stock, valued at $824,661. The trade was a 35.23% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 73,586 shares of company stock valued at $5,720,907. 15.60% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Brady

Institutional investors have recently modified their holdings of the company. Royal Bank of Canada boosted its holdings in shares of Brady by 380.3% during the 1st quarter. Royal Bank of Canada now owns 6,451 shares of the industrial products company’s stock worth $456,000 after buying an additional 5,108 shares during the period. Millennium Management LLC raised its holdings in Brady by 1,256.9% in the 1st quarter. Millennium Management LLC now owns 185,182 shares of the industrial products company’s stock worth $13,081,000 after acquiring an additional 171,535 shares during the period. NewEdge Advisors LLC lifted its position in Brady by 282.3% during the 1st quarter. NewEdge Advisors LLC now owns 1,644 shares of the industrial products company’s stock worth $116,000 after acquiring an additional 1,214 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Brady by 7.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 126,953 shares of the industrial products company’s stock valued at $8,968,000 after acquiring an additional 8,716 shares during the period. Finally, Voya Investment Management LLC grew its position in shares of Brady by 67.3% in the first quarter. Voya Investment Management LLC now owns 31,675 shares of the industrial products company’s stock valued at $2,238,000 after purchasing an additional 12,738 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.