Brady (NYSE:BRC) Share Price Passes Above 200 Day Moving Average – Here’s What Happened

Brady Corporation (NYSE:BRC) shares passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $85.56 and traded as high as $95.00. Brady shares last traded at $93.6920, with a volume of 150,506 shares.

Analyst Ratings Changes

BRC has been the topic of several research analyst reports. Wall Street Zen upgraded Brady from a “hold” rating to a “buy” rating in a research note on Saturday, May 23rd. Sidoti upgraded shares of Brady from a “neutral” rating to a “buy” rating and set a $103.00 target price for the company in a research note on Tuesday, June 9th. Finally, Weiss Ratings cut shares of Brady from a “buy (b+)” rating to a “buy (b)” rating in a report on Wednesday, May 13th. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat, Brady currently has a consensus rating of “Buy” and a consensus price target of $103.00.

Brady Stock Performance

The company has a debt-to-equity ratio of 0.02, a current ratio of 2.01 and a quick ratio of 1.36. The stock has a fifty day moving average price of $85.86 and a two-hundred day moving average price of $85.56. The company has a market cap of $4.41 billion, a P/E ratio of 21.34 and a beta of 0.61.

Brady (NYSE:BRC) last issued its quarterly earnings data on Monday, May 18th. The industrial products company reported $1.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.35 by $0.15. The business had revenue of $435.24 million during the quarter, compared to analyst estimates of $406.07 million. Brady had a return on equity of 19.01% and a net margin of 12.93%.The business’s revenue for the quarter was up 13.7% compared to the same quarter last year. During the same period in the prior year, the company posted $1.22 EPS. Brady has set its FY 2026 guidance at 5.200-5.300 EPS. On average, equities analysts forecast that Brady Corporation will post 5.25 earnings per share for the current fiscal year.

Brady Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Friday, July 10th will be paid a $0.245 dividend. The ex-dividend date of this dividend is Friday, July 10th. This represents a $0.98 annualized dividend and a dividend yield of 1.0%. Brady’s dividend payout ratio is presently 22.32%.

Insider Activity at Brady

In related news, CEO Vineet A. Nargolwala acquired 13,011 shares of the business’s stock in a transaction that occurred on Wednesday, June 10th. The shares were acquired at an average cost of $76.86 per share, for a total transaction of $1,000,025.46. Following the completion of the purchase, the chief executive officer directly owned 52,709 shares in the company, valued at $4,051,213.74. This trade represents a 32.77% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 15.60% of the company’s stock.

Hedge Funds Weigh In On Brady

Several large investors have recently bought and sold shares of the stock. Franklin Resources Inc. lifted its holdings in Brady by 267.8% in the 4th quarter. Franklin Resources Inc. now owns 1,188,189 shares of the industrial products company’s stock valued at $93,118,000 after acquiring an additional 865,131 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in shares of Brady by 502,257.8% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 452,122 shares of the industrial products company’s stock worth $35,433,000 after purchasing an additional 452,032 shares during the last quarter. First Trust Advisors LP lifted its stake in Brady by 22.2% during the fourth quarter. First Trust Advisors LP now owns 1,620,931 shares of the industrial products company’s stock valued at $127,032,000 after purchasing an additional 294,818 shares during the last quarter. Millennium Management LLC boosted its holdings in Brady by 1,256.9% during the first quarter. Millennium Management LLC now owns 185,182 shares of the industrial products company’s stock worth $13,081,000 after buying an additional 171,535 shares in the last quarter. Finally, Qube Research & Technologies Ltd boosted its holdings in Brady by 37.2% during the second quarter. Qube Research & Technologies Ltd now owns 322,873 shares of the industrial products company’s stock worth $21,946,000 after buying an additional 87,606 shares in the last quarter. Institutional investors and hedge funds own 76.28% of the company’s stock.

Brady Company Profile

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.