Brady (NYSE:BRC) Stock Passes Above 200-Day Moving Average – Should You Sell?

Brady Corporation (NYSE:BRC)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $85.56 and traded as high as $95.00. Brady shares last traded at $93.6920, with a volume of 150,506 shares.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on BRC. Weiss Ratings cut shares of Brady from a “buy (b+)” rating to a “buy (b)” rating in a research report on Wednesday, May 13th. Sidoti upgraded shares of Brady from a “neutral” rating to a “buy” rating and set a $103.00 price objective for the company in a research report on Tuesday, June 9th. Finally, Wall Street Zen raised shares of Brady from a “hold” rating to a “buy” rating in a research note on Saturday, May 23rd. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $103.00.

Brady Stock Up 0.2%

The company has a current ratio of 2.01, a quick ratio of 1.36 and a debt-to-equity ratio of 0.02. The company has a 50-day simple moving average of $85.86 and a 200 day simple moving average of $85.56. The company has a market cap of $4.41 billion, a P/E ratio of 21.34 and a beta of 0.61.

Brady (NYSE:BRC) last released its earnings results on Monday, May 18th. The industrial products company reported $1.50 earnings per share for the quarter, topping the consensus estimate of $1.35 by $0.15. The business had revenue of $435.24 million during the quarter, compared to the consensus estimate of $406.07 million. Brady had a return on equity of 19.01% and a net margin of 12.93%.The business’s revenue for the quarter was up 13.7% compared to the same quarter last year. During the same period last year, the company earned $1.22 earnings per share. Brady has set its FY 2026 guidance at 5.200-5.300 EPS. On average, equities analysts anticipate that Brady Corporation will post 5.25 EPS for the current year.

Brady Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Friday, July 10th will be issued a dividend of $0.245 per share. The ex-dividend date is Friday, July 10th. This represents a $0.98 dividend on an annualized basis and a yield of 1.0%. Brady’s dividend payout ratio (DPR) is presently 22.32%.

Insider Transactions at Brady

In related news, CEO Vineet A. Nargolwala acquired 13,011 shares of the stock in a transaction on Wednesday, June 10th. The stock was bought at an average cost of $76.86 per share, with a total value of $1,000,025.46. Following the transaction, the chief executive officer directly owned 52,709 shares in the company, valued at approximately $4,051,213.74. This represents a 32.77% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. 15.60% of the stock is currently owned by company insiders.

Institutional Trading of Brady

Institutional investors and hedge funds have recently modified their holdings of the stock. First Trust Advisors LP boosted its holdings in shares of Brady by 2.9% in the first quarter. First Trust Advisors LP now owns 1,668,027 shares of the industrial products company’s stock valued at $135,511,000 after purchasing an additional 47,096 shares during the period. State Street Corp increased its holdings in Brady by 1.7% during the 4th quarter. State Street Corp now owns 1,524,384 shares of the industrial products company’s stock worth $119,466,000 after purchasing an additional 26,151 shares during the period. Dimensional Fund Advisors LP raised its position in Brady by 0.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,461,632 shares of the industrial products company’s stock valued at $114,551,000 after purchasing an additional 8,125 shares in the last quarter. Franklin Resources Inc. raised its position in Brady by 267.8% during the 4th quarter. Franklin Resources Inc. now owns 1,188,189 shares of the industrial products company’s stock valued at $93,118,000 after purchasing an additional 865,131 shares in the last quarter. Finally, Royce & Associates LP lifted its holdings in shares of Brady by 9.8% in the 4th quarter. Royce & Associates LP now owns 740,635 shares of the industrial products company’s stock worth $58,044,000 after buying an additional 66,387 shares during the period. Institutional investors own 76.28% of the company’s stock.

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.