Brady (NYSE:BRC) Upgraded to Buy at Sidoti

Brady (NYSE:BRC) was upgraded by Sidoti from a “neutral” rating to a “buy” rating in a research note issued to investors on Tuesday,Benzinga reports. The brokerage currently has a $103.00 target price on the industrial products company’s stock. Sidoti’s target price indicates a potential upside of 36.76% from the company’s previous close.

A number of other research firms also recently weighed in on BRC. Weiss Ratings downgraded shares of Brady from a “buy (b+)” rating to a “buy (b)” rating in a report on Wednesday, May 13th. Wall Street Zen upgraded shares of Brady from a “hold” rating to a “buy” rating in a report on Saturday, May 23rd. Two analysts have rated the stock with a Buy rating, According to MarketBeat.com, Brady currently has a consensus rating of “Buy” and a consensus target price of $103.00.

Brady Stock Performance

Shares of NYSE BRC opened at $75.31 on Tuesday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.36 and a current ratio of 2.01. The company has a market cap of $3.55 billion, a P/E ratio of 17.16 and a beta of 0.62. The firm’s fifty day moving average is $82.51 and its two-hundred day moving average is $83.88. Brady has a 52-week low of $65.76 and a 52-week high of $99.29.

Brady (NYSE:BRC) last announced its quarterly earnings results on Monday, May 18th. The industrial products company reported $1.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.35 by $0.15. The company had revenue of $435.24 million for the quarter, compared to the consensus estimate of $406.07 million. Brady had a net margin of 12.93% and a return on equity of 19.01%. Brady’s revenue for the quarter was up 13.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.22 EPS. Brady has set its FY 2026 guidance at 5.200-5.300 EPS. As a group, analysts anticipate that Brady will post 5.25 EPS for the current fiscal year.

Hedge Funds Weigh In On Brady

Several hedge funds have recently added to or reduced their stakes in the company. Global Retirement Partners LLC grew its holdings in Brady by 42.4% during the 4th quarter. Global Retirement Partners LLC now owns 450 shares of the industrial products company’s stock valued at $35,000 after purchasing an additional 134 shares during the last quarter. Richardson Financial Services Inc. grew its holdings in Brady by 72.1% during the 4th quarter. Richardson Financial Services Inc. now owns 389 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 163 shares during the last quarter. Parallel Advisors LLC grew its holdings in Brady by 10.2% during the 1st quarter. Parallel Advisors LLC now owns 2,102 shares of the industrial products company’s stock valued at $171,000 after purchasing an additional 195 shares during the last quarter. Illinois Municipal Retirement Fund grew its holdings in Brady by 1.0% during the 1st quarter. Illinois Municipal Retirement Fund now owns 23,400 shares of the industrial products company’s stock valued at $1,901,000 after purchasing an additional 223 shares during the last quarter. Finally, State of Alaska Department of Revenue grew its holdings in Brady by 0.9% during the 4th quarter. State of Alaska Department of Revenue now owns 24,772 shares of the industrial products company’s stock valued at $1,941,000 after purchasing an additional 233 shares during the last quarter. 76.28% of the stock is currently owned by institutional investors.

About Brady

Brady Corporation is a global provider of identification and safety solutions, specializing in the design, manufacture and sale of products that help businesses improve safety, security and efficiency. The company offers an array of durable labels, signs, safety devices, printing systems and software platforms tailored to a wide range of industrial and commercial environments.

Founded in 1914 by William H. Brady, Brady Corporation has grown from a regional marker manufacturer into a diversified global enterprise.