Brady (NYSE:BRC) Stock Rating Lowered by StockNews.com

Brady (NYSE:BRC) was downgraded by equities researchers at StockNews.com from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Friday.

Brady Price Performance

Shares of NYSE BRC opened at $73.93 on Friday. Brady has a twelve month low of $51.35 and a twelve month high of $76.97. The company has a quick ratio of 1.69, a current ratio of 2.27 and a debt-to-equity ratio of 0.09. The firm has a market capitalization of $3.51 billion, a P/E ratio of 18.86, a P/E/G ratio of 3.49 and a beta of 0.76. The stock’s 50-day simple moving average is $73.02 and its two-hundred day simple moving average is $67.11.

Brady (NYSE:BRC) last announced its earnings results on Friday, September 6th. The industrial products company reported $1.19 earnings per share for the quarter, beating analysts’ consensus estimates of $1.11 by $0.08. Brady had a net margin of 14.70% and a return on equity of 19.84%. The business had revenue of $343.40 million for the quarter, compared to the consensus estimate of $351.74 million. During the same period last year, the firm posted $1.04 earnings per share. Brady’s quarterly revenue was down .7% on a year-over-year basis. As a group, equities analysts anticipate that Brady will post 4.55 EPS for the current fiscal year.

Insider Activity

In other news, CEO Russell Shaller sold 12,547 shares of the business’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $73.08, for a total value of $916,934.76. Following the completion of the sale, the chief executive officer now directly owns 102,905 shares in the company, valued at approximately $7,520,297.40. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Brady news, CEO Russell Shaller sold 12,547 shares of Brady stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $73.08, for a total value of $916,934.76. Following the transaction, the chief executive officer now directly owns 102,905 shares of the company’s stock, valued at $7,520,297.40. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel Andrew Gorman sold 8,736 shares of the business’s stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $74.10, for a total value of $647,337.60. Following the completion of the sale, the general counsel now owns 10,140 shares of the company’s stock, valued at $751,374. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 45,262 shares of company stock worth $3,371,231. 15.60% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Brady

Hedge funds have recently modified their holdings of the company. Blue Trust Inc. lifted its holdings in Brady by 65.3% in the 2nd quarter. Blue Trust Inc. now owns 663 shares of the industrial products company’s stock worth $44,000 after buying an additional 262 shares during the period. GAMMA Investing LLC lifted its stake in Brady by 337.1% in the second quarter. GAMMA Investing LLC now owns 918 shares of the industrial products company’s stock worth $61,000 after acquiring an additional 708 shares during the period. Quarry LP boosted its holdings in Brady by 36.1% in the second quarter. Quarry LP now owns 962 shares of the industrial products company’s stock valued at $64,000 after acquiring an additional 255 shares in the last quarter. EntryPoint Capital LLC purchased a new position in Brady during the 1st quarter valued at $66,000. Finally, Quest Partners LLC bought a new position in Brady in the 2nd quarter worth $119,000. Hedge funds and other institutional investors own 76.28% of the company’s stock.

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.