Shares of Brady Co. (NYSE:BRC) have been given an average rating of “Hold” by the six research firms that are covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $39.60.

A number of analysts have recently issued reports on the company. Zacks Investment Research upgraded Brady from a “hold” rating to a “buy” rating and set a $43.00 target price for the company in a report on Monday. Bank of America Corporation boosted their target price on Brady from $34.00 to $35.00 and gave the stock an “underperform” rating in a report on Friday. SunTrust Banks, Inc. reiterated a “hold” rating and set a $39.00 target price on shares of Brady in a report on Friday. Finally, Robert W. Baird set a $36.00 target price on Brady and gave the stock a “hold” rating in a report on Thursday, August 24th.

Brady (BRC) opened at $38.45 on Tuesday. Brady has a one year low of $31.70 and a one year high of $40.50. The firm has a market cap of $1,991.05, a PE ratio of 21.53, a P/E/G ratio of 2.68 and a beta of 1.18. The company has a quick ratio of 1.62, a current ratio of 2.19 and a debt-to-equity ratio of 0.13.

Brady (NYSE:BRC) last posted its quarterly earnings data on Thursday, November 16th. The industrial products company reported $0.49 EPS for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.01. Brady had a net margin of 8.90% and a return on equity of 14.21%. The company had revenue of $290.15 million during the quarter, compared to the consensus estimate of $286.75 million. During the same quarter in the prior year, the company posted $0.44 EPS. The company’s quarterly revenue was up 3.6% compared to the same quarter last year. equities analysts expect that Brady will post 1.93 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 31st. Investors of record on Wednesday, January 10th will be given a dividend of $0.2075 per share. This represents a $0.83 annualized dividend and a dividend yield of 2.16%. The ex-dividend date of this dividend is Tuesday, January 9th. Brady’s dividend payout ratio is currently 43.92%.

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In related news, Director Elizabeth P. Bruno sold 24,000 shares of the company’s stock in a transaction that occurred on Monday, September 25th. The stock was sold at an average price of $36.75, for a total transaction of $882,000.00. Following the sale, the director now directly owns 371,509 shares of the company’s stock, valued at approximately $13,652,955.75. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 15.60% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of BRC. Eaton Vance Management grew its stake in shares of Brady by 0.3% in the second quarter. Eaton Vance Management now owns 11,521 shares of the industrial products company’s stock worth $391,000 after purchasing an additional 32 shares in the last quarter. Arizona State Retirement System grew its stake in shares of Brady by 0.4% in the second quarter. Arizona State Retirement System now owns 24,915 shares of the industrial products company’s stock worth $845,000 after purchasing an additional 100 shares in the last quarter. State Board of Administration of Florida Retirement System grew its stake in shares of Brady by 0.3% in the second quarter. State Board of Administration of Florida Retirement System now owns 43,814 shares of the industrial products company’s stock worth $1,485,000 after purchasing an additional 138 shares in the last quarter. Municipal Employees Retirement System of Michigan grew its stake in shares of Brady by 1.8% in the second quarter. Municipal Employees Retirement System of Michigan now owns 13,640 shares of the industrial products company’s stock worth $462,000 after purchasing an additional 240 shares in the last quarter. Finally, Amalgamated Bank grew its stake in shares of Brady by 5.0% in the second quarter. Amalgamated Bank now owns 6,403 shares of the industrial products company’s stock worth $217,000 after purchasing an additional 305 shares in the last quarter. 74.47% of the stock is currently owned by hedge funds and other institutional investors.

About Brady

Brady Corporation is a manufacturer and supplier of identification solutions and workplace safety products that identify and protect premises, products and people. The Company has two segments: Identification Solutions (IDS) and Workplace Safety (WPS). The IDS segment includes identification and healthcare products, and the WPS segment includes workplace safety and compliance products.

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