Brady (NYSE:BRC) was upgraded by research analysts at ValuEngine from a “hold” rating to a “buy” rating in a research note issued to investors on Thursday.

BRC has been the topic of several other reports. Zacks Investment Research cut shares of Brady from a “buy” rating to a “hold” rating in a research report on Friday, May 25th. Bank of America cut shares of Brady from a “buy” rating to an “underperform” rating and set a $40.00 price target on the stock. in a research report on Monday, July 16th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $39.75.

Shares of NYSE:BRC opened at $41.35 on Thursday. 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 one year low of $35.00 and a one year high of $41.95. The stock has a market cap of $2.16 billion, a price-to-earnings ratio of 23.63, a price-to-earnings-growth ratio of 2.58 and a beta of 1.13.

In other Brady news, Director Frank W. Harris sold 2,000 shares of the business’s stock in a transaction dated Friday, June 15th. The shares were sold at an average price of $39.94, for a total transaction of $79,880.00. Following the sale, the director now directly owns 26,690 shares of the company’s stock, valued at approximately $1,065,998.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP Bentley Curran sold 13,790 shares of the business’s stock in a transaction dated Tuesday, June 26th. The stock was sold at an average price of $39.61, for a total transaction of $546,221.90. Following the sale, the vice president now directly owns 41,189 shares in the company, valued at $1,631,496.29. The disclosure for this sale can be found here. Insiders have sold a total of 40,124 shares of company stock worth $1,623,989 over the last three months. Insiders own 15.60% of the company’s stock.

Several hedge funds have recently modified their holdings of BRC. Fort L.P. bought a new stake in shares of Brady in the 2nd quarter valued at about $103,000. Bruderman Asset Management LLC bought a new stake in shares of Brady in the 2nd quarter valued at about $115,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Brady by 95.1% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,941 shares of the industrial products company’s stock valued at $146,000 after purchasing an additional 1,921 shares during the period. First Citizens Bank & Trust Co. bought a new stake in shares of Brady in the 2nd quarter valued at about $212,000. Finally, Robeco Institutional Asset Management B.V. bought a new stake in shares of Brady in the 1st quarter valued at about $237,000. 75.93% of the stock is currently owned by institutional investors.

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.

Further Reading: Outstanding Shares and The Effect on Share Price

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