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

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

Several other research analysts have also recently issued reports on the company. Weiss Ratings cut Brady from a “buy (b+)” rating to a “buy (b)” rating in a research report on Monday, September 14th. Sidoti raised shares of Brady from a “neutral” rating to a “buy” rating and set a $103.00 price target for the company in a research report on Tuesday, June 9th. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Brady presently has an average rating of “Buy” and an average price target of $103.00.

Brady Price Performance

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

Brady (NYSE:BRC) last released 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 firm had revenue of $436.90 million for the quarter, compared to the consensus estimate of $427.91 million. Brady had a return on equity of 19.21% and a net margin of 12.36%.The company’s revenue for the quarter was up 10.0% on a year-over-year basis. During the same period last year, the business posted $1.04 EPS. Brady has set its FY 2027 guidance at 6.250-6.750 EPS. On average, equities analysts predict that Brady will post 6.5 earnings per share for the current year.

Brady Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Friday, October 9th will be paid a $0.25 dividend. This is a positive change from Brady’s previous quarterly dividend of $0.2450. The ex-dividend date is Friday, October 9th. This represents a $1.00 annualized dividend and a dividend yield of 1.2%. Brady’s dividend payout ratio (DPR) is currently 22.74%.

Insider Buying and Selling

In related news, COO Thomas DeBruine sold 5,739 shares of Brady stock in a transaction on Friday, September 18th. The stock was sold at an average price of $84.00, for a total transaction of $482,076.00. Following the transaction, the chief operating officer directly owned 7,523 shares in the company, valued at approximately $631,932. The trade was a 43.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 15.60% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in BRC. Nykredit A S bought a new position in shares of Brady during the 2nd quarter valued at approximately $34,000. Leonteq Securities AG bought a new stake in Brady during the 1st quarter worth approximately $40,000. Integrated Wealth Concepts LLC bought a new stake in Brady during the 2nd quarter worth approximately $47,000. Parkside Financial Bank & Trust lifted 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 valued at $52,000 after purchasing an additional 553 shares in the last quarter. Finally, Caz Investments LP purchased a new position in Brady during the fourth quarter valued at approximately $78,000. Institutional investors 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.