Brady (NYSE:BRC) Downgraded by StockNews.com to Buy

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

Brady Stock Performance

Shares of Brady stock opened at $73.93 on Friday. The stock has a market cap of $3.51 billion, a price-to-earnings ratio of 18.86, a P/E/G ratio of 3.49 and a beta of 0.76. Brady has a twelve month low of $51.35 and a twelve month high of $76.97. The company’s fifty day moving average is $73.02 and its 200 day moving average is $67.11. The company has a quick ratio of 1.69, a current ratio of 2.27 and a debt-to-equity ratio of 0.09.

Brady (NYSE:BRC) last issued 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 company 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 business’s quarterly revenue was down .7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.04 earnings per share. Sell-side analysts forecast that Brady will post 4.55 EPS for the current year.

Insider Transactions at Brady

In related news, General Counsel Andrew Gorman sold 8,736 shares of the firm’s stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $74.10, for a total transaction 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. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Brady news, General Counsel Andrew Gorman sold 8,736 shares of the company’s stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $74.10, for a total transaction of $647,337.60. Following the transaction, the general counsel now owns 10,140 shares in the company, valued at approximately $751,374. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, COO Thomas F. Debruine sold 2,851 shares of the 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 completion of the sale, the chief operating officer now directly 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 ninety days, insiders sold 45,262 shares of company stock valued at $3,371,231. Corporate insiders own 15.60% of the company’s stock.

Institutional Trading of Brady

Several institutional investors and hedge funds have recently made changes to their positions in the company. Swedbank AB purchased a new position in Brady in the first quarter worth $13,439,000. DekaBank Deutsche Girozentrale boosted its position in Brady by 23.5% during the second quarter. DekaBank Deutsche Girozentrale now owns 560,274 shares of the industrial products company’s stock worth $36,631,000 after purchasing an additional 106,652 shares during the period. Lord Abbett & CO. LLC lifted its stake in shares of Brady by 21.1% during the 1st quarter. Lord Abbett & CO. LLC now owns 610,505 shares of the industrial products company’s stock valued at $36,190,000 after buying an additional 106,219 shares in the last quarter. Thrivent Financial for Lutherans boosted its holdings in Brady by 231.8% in the 2nd quarter. Thrivent Financial for Lutherans now owns 132,019 shares of the industrial products company’s stock worth $8,716,000 after buying an additional 92,228 shares during the period. Finally, SG Americas Securities LLC grew its stake in Brady by 1,135.8% in the 2nd quarter. SG Americas Securities LLC now owns 65,211 shares of the industrial products company’s stock valued at $4,305,000 after buying an additional 59,934 shares in the last quarter. 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.