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

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

Brady Trading Up 1.4 %

Shares of BRC opened at $74.97 on Friday. The company has a current ratio of 2.27, a quick ratio of 1.69 and a debt-to-equity ratio of 0.09. The firm has a market capitalization of $3.56 billion, a P/E ratio of 19.13, a price-to-earnings-growth ratio of 3.47 and a beta of 0.76. The stock’s fifty day simple moving average is $73.10 and its 200 day simple moving average is $67.28. Brady has a twelve month low of $51.35 and a twelve month high of $76.97.

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

Insider Activity

In related news, CEO Russell Shaller sold 12,547 shares of Brady stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $73.08, for a total value of $916,934.76. Following the completion of the transaction, the chief executive officer now directly owns 102,905 shares in the company, valued at approximately $7,520,297.40. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Brady news, COO Thomas F. Debruine sold 2,851 shares of the firm’s stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $75.77, for a total value of $216,020.27. Following the transaction, the chief operating officer now owns 9,727 shares of the company’s stock, valued at $737,014.79. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Russell Shaller sold 12,547 shares of the firm’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $73.08, for a total transaction of $916,934.76. Following the completion of the transaction, the chief executive officer now directly owns 102,905 shares in the company, valued at $7,520,297.40. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 45,262 shares of company stock worth $3,371,231 over the last ninety days. Corporate insiders own 15.60% of the company’s stock.

Hedge Funds Weigh In On Brady

A number of large investors have recently bought and sold shares of BRC. Hennion & Walsh Asset Management Inc. lifted its holdings in Brady by 9.5% in the first quarter. Hennion & Walsh Asset Management Inc. now owns 12,478 shares of the industrial products company’s stock worth $740,000 after acquiring an additional 1,082 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in Brady by 17.5% in the first quarter. Allspring Global Investments Holdings LLC now owns 376,789 shares of the industrial products company’s stock worth $22,336,000 after acquiring an additional 56,137 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Brady by 101.9% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 39,503 shares of the industrial products company’s stock valued at $2,207,000 after buying an additional 19,942 shares during the last quarter. Capstone Investment Advisors LLC bought a new stake in shares of Brady during the first quarter valued at approximately $739,000. Finally, BI Asset Management Fondsmaeglerselskab A S bought a new stake in shares of Brady during the first quarter valued at approximately $595,000. 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.