Brady (NYSE:BRC) Cut to Hold at Wall Street Zen

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

Separately, Weiss Ratings reiterated a “buy (b)” rating on shares of Brady in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Strong Buy”.

Brady Price Performance

BRC opened at $80.79 on Friday. The firm has a 50-day moving average price of $76.75 and a 200-day moving average price of $74.23. Brady has a twelve month low of $62.70 and a twelve month high of $84.03. The company has a quick ratio of 1.39, a current ratio of 2.07 and a debt-to-equity ratio of 0.09. The company has a market capitalization of $3.81 billion, a price-to-earnings ratio of 19.75 and a beta of 0.69.

Brady (NYSE:BRC) last released its quarterly earnings data on Monday, November 17th. The industrial products company reported $1.21 EPS for the quarter, topping the consensus estimate 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 the consensus estimate of $393.65 million. During the same period last year, the firm earned $1.12 EPS. Brady’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. Equities analysts expect that Brady will post 4.55 EPS for the current year.

Brady Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 30th. Investors of record on Friday, January 9th will be given 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 payout ratio is 23.96%.

Insider Buying and Selling at Brady

In other news, insider Brett Wilms sold 3,791 shares of the company’s stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $78.13, for a total value of $296,190.83. Following the completion of the sale, the insider directly owned 7,672 shares in the company, valued at $599,413.36. This represents a 33.07% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Russell Shaller sold 17,130 shares of Brady stock in a transaction on Tuesday, November 25th. The shares were sold at an average price of $81.25, for a total value of $1,391,812.50. Following the transaction, the chief executive officer owned 141,421 shares in the company, valued at $11,490,456.25. This trade represents a 10.80% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 97,021 shares of company stock worth $7,572,323. 15.60% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Brady

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BRC. Quarry LP purchased a new position in Brady during the first quarter valued at approximately $25,000. Advisory Services Network LLC purchased a new stake in Brady in the 3rd quarter worth $31,000. Quent Capital LLC bought a new stake in Brady during the third quarter valued at about $43,000. EverSource Wealth Advisors LLC lifted its position in shares of Brady by 89.0% in the second quarter. EverSource Wealth Advisors LLC now owns 684 shares of the industrial products company’s stock valued at $46,000 after acquiring an additional 322 shares in the last quarter. Finally, Tower Research Capital LLC TRC boosted its stake in shares of Brady by 156.1% in the second quarter. Tower Research Capital LLC TRC now owns 1,014 shares of the industrial products company’s stock worth $69,000 after acquiring an additional 618 shares during the period. 76.28% of the stock is owned by hedge funds and other institutional investors.

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.