StockNews.com Downgrades Brady (NYSE:BRC) to Buy

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

Brady Stock Performance

NYSE:BRC opened at $74.67 on Thursday. The company has a current ratio of 2.27, a quick ratio of 1.69 and a debt-to-equity ratio of 0.09. Brady has a 12-month low of $51.35 and a 12-month high of $76.97. The stock has a 50-day moving average price of $72.72 and a 200 day moving average price of $66.54. The stock has a market capitalization of $3.55 billion, a P/E ratio of 18.98, a P/E/G ratio of 3.49 and a beta of 0.76.

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

Insider Activity

In other Brady 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 transaction of $916,934.76. Following the completion of the sale, the chief executive officer now owns 102,905 shares of the company’s stock, 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 link. In related news, CEO Russell Shaller sold 12,547 shares of the company’s 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 owns 102,905 shares of the company’s stock, valued at approximately $7,520,297.40. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Thomas F. Debruine sold 2,851 shares of the business’s stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $75.77, for a total value of $216,020.27. Following the sale, the chief operating officer now owns 9,727 shares of the company’s stock, valued at approximately $737,014.79. This trade represents a 0.00 % decrease in their ownership of the stock. 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 company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Aristides Capital LLC grew its holdings in shares of Brady by 7.2% during the second quarter. Aristides Capital LLC now owns 4,343 shares of the industrial products company’s stock worth $287,000 after purchasing an additional 292 shares during the last quarter. Aurora Investment Counsel acquired a new position in shares of Brady during the 2nd quarter worth approximately $2,104,000. Quarry LP raised its position in shares of Brady by 36.1% during the 2nd quarter. Quarry LP now owns 962 shares of the industrial products company’s stock worth $64,000 after purchasing an additional 255 shares during the last quarter. Creative Planning grew its stake in Brady by 2.6% in the 2nd quarter. Creative Planning now owns 10,277 shares of the industrial products company’s stock worth $679,000 after acquiring an additional 256 shares during the period. Finally, Public Sector Pension Investment Board grew its stake in Brady by 7.4% in the 2nd quarter. Public Sector Pension Investment Board now owns 98,589 shares of the industrial products company’s stock worth $6,509,000 after acquiring an additional 6,772 shares during the period. 76.28% of the stock is currently owned by hedge funds and other institutional investors.

About Brady

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.