StockNews.com Begins Coverage on Brady (NYSE:BRC)

Stock analysts at StockNews.com started coverage on shares of Brady (NYSE:BRC – Get Rating) in a report released on Friday. The firm set a “buy” rating on the industrial products company’s stock.

Brady Price Performance

Shares of NYSE:BRC opened at $52.67 on Friday. The firm’s 50 day moving average price is $52.55 and its 200-day moving average price is $47.86. Brady has a twelve month low of $40.52 and a twelve month high of $56.35. The company has a quick ratio of 1.34, a current ratio of 2.19 and a debt-to-equity ratio of 0.08. The stock has a market capitalization of $2.62 billion, a PE ratio of 16.77, a price-to-earnings-growth ratio of 2.15 and a beta of 0.79.

Brady (NYSE:BRC – Get Rating) last issued its quarterly earnings data on Friday, February 24th. The industrial products company reported $0.81 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.03. Brady had a net margin of 12.09% and a return on equity of 18.44%. The firm had revenue of $326.20 million for the quarter, compared to analysts’ expectations of $319.39 million. During the same quarter in the prior year, the business earned $0.70 EPS. The business’s quarterly revenue was up 2.5% on a year-over-year basis. Equities research analysts expect that Brady will post 3.45 EPS for the current year.

Insider Activity

In related news, Director Elizabeth P. Bruno sold 8,500 shares of the company’s stock in a transaction on Wednesday, March 1st. The shares were sold at an average price of $54.02, for a total value of $459,170.00. Following the completion of the transaction, the director now owns 359,019 shares of the company’s stock, valued at approximately $19,394,206.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 15.60% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. State Street Corp boosted its holdings in Brady by 8.2% in the 3rd quarter. State Street Corp now owns 5,373,289 shares of the industrial products company’s stock worth $224,227,000 after buying an additional 409,452 shares during the period. Vanguard Group Inc. boosted its holdings in Brady by 0.3% in the 1st quarter. Vanguard Group Inc. now owns 5,332,099 shares of the industrial products company’s stock worth $246,716,000 after buying an additional 17,763 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Brady by 0.7% during the 4th quarter. JPMorgan Chase & Co. now owns 2,010,646 shares of the industrial products company’s stock valued at $94,701,000 after purchasing an additional 14,907 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of Brady by 8.0% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 2,009,621 shares of the industrial products company’s stock valued at $94,934,000 after purchasing an additional 148,426 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Brady by 2.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,409,755 shares of the industrial products company’s stock valued at $66,401,000 after purchasing an additional 34,944 shares during the last quarter. Institutional investors own 77.57% of the company’s stock.

About Brady

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Brady Corp. engages in the manufacture and market of specialty materials and identification solutions that determines and protects premises, products, and people. The firm operates through the Identification Solutions (IDS) and Workplace Safety (WPS) segments. The IDS segment offers industrial and healthcare identification products.