Brady (NYSE:BRC) was upgraded by equities research analysts at ValuEngine from a “hold” rating to a “buy” rating in a report issued on Thursday, September 6th.

Other equities analysts also recently issued research reports about the stock. Zacks Investment Research raised shares of Brady from a “hold” rating to a “buy” rating and set a $44.00 price target for the company in a research note on Monday, May 21st. Bank of America downgraded shares of Brady from a “buy” rating to an “underperform” rating and set a $40.00 target price for the company. in a research note on Monday, July 16th. Two analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $39.75.

Shares of NYSE BRC traded up $1.30 during trading hours on Thursday, hitting $46.45. 594,013 shares of the stock were exchanged, compared to its average volume of 258,018. The firm has a market capitalization of $2.15 billion, a price-to-earnings ratio of 22.77, a P/E/G ratio of 2.56 and a beta of 1.13. The company has a current ratio of 2.34, a quick ratio of 1.71 and a debt-to-equity ratio of 0.08. Brady has a 1-year low of $35.00 and a 1-year high of $47.35.

Brady (NYSE:BRC) last issued its quarterly earnings data on Thursday, September 13th. The industrial products company reported $0.66 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.14. The business had revenue of $297.50 million during the quarter, compared to the consensus estimate of $297.04 million. Brady had a net margin of 6.98% and a return on equity of 14.23%. The firm’s revenue was up 2.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.48 EPS. equities research analysts forecast that Brady will post 2.15 earnings per share for the current year.

In related news, VP Thomas J. Felmer sold 11,667 shares of the business’s stock in a transaction dated Monday, June 18th. The shares were sold at an average price of $40.50, for a total transaction of $472,513.50. Following the transaction, the vice president now directly owns 69,633 shares in the company, valued at $2,820,136.50. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Bradley C. Richardson sold 1,000 shares of Brady stock in a transaction dated Wednesday, June 20th. The stock was sold at an average price of $40.61, for a total transaction of $40,610.00. Following the completion of the sale, the director now directly owns 5,170 shares in the company, valued at approximately $209,953.70. The disclosure for this sale can be found here. Insiders have sold 38,124 shares of company stock valued at $1,544,109 over the last quarter. Corporate insiders own 15.60% of the company’s stock.

A number of hedge funds have recently made changes to their positions in BRC. BlackRock Inc. raised its position in shares of Brady by 4.4% in the second quarter. BlackRock Inc. now owns 6,679,085 shares of the industrial products company’s stock valued at $257,479,000 after purchasing an additional 281,380 shares during the period. JPMorgan Chase & Co. raised its position in shares of Brady by 3.1% in the first quarter. JPMorgan Chase & Co. now owns 4,149,195 shares of the industrial products company’s stock valued at $154,142,000 after purchasing an additional 124,401 shares during the period. Renaissance Technologies LLC raised its position in shares of Brady by 6.9% in the second quarter. Renaissance Technologies LLC now owns 1,948,600 shares of the industrial products company’s stock valued at $75,119,000 after purchasing an additional 125,600 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Brady by 2.5% in the second quarter. Dimensional Fund Advisors LP now owns 1,823,061 shares of the industrial products company’s stock valued at $70,279,000 after purchasing an additional 45,173 shares during the period. Finally, Wells Fargo & Company MN grew its stake in Brady by 12.9% during the second quarter. Wells Fargo & Company MN now owns 1,413,776 shares of the industrial products company’s stock valued at $54,501,000 after acquiring an additional 161,439 shares in the last quarter. 75.99% of the stock is currently owned by institutional investors and hedge funds.

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 IDS segment offers safety signs, pipe markers, labeling systems, spill control products, and lockout/tagout devices for facility identification and protection; materials and printing systems for product identification, brand protection labeling, work in process labeling, and finished product identification; and hand-held printers, wire markers, sleeves, and tags for wire identification, as well as software and services for safety compliance auditing, procedure writing, and training.

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