Brady Corporation (BRC) Receives Average Rating of “Hold” from Brokerages
Shares of Brady Corporation (NYSE:BRC) have received an average recommendation of “Hold” from the six analysts that are currently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $38.75.
Several research firms recently weighed in on BRC. Zacks Investment Research downgraded Brady from a “buy” rating to a “hold” rating in a research report on Tuesday, November 21st. SunTrust Banks reiterated a “hold” rating and set a $39.00 target price on shares of Brady in a research report on Friday, November 17th. Bank of America lifted their target price on Brady from $34.00 to $35.00 and gave the company an “underperform” rating in a research report on Friday, November 17th. Finally, Robert W. Baird reiterated a “hold” rating and set a $36.00 target price on shares of Brady in a research report on Friday, October 13th.
Brady (NYSE:BRC) opened at $39.35 on Friday. The firm has a market capitalization of $2,000.45, a price-to-earnings ratio of 21.56, a P/E/G ratio of 2.68 and a beta of 1.19. The company has a current ratio of 2.19, a quick ratio of 1.62 and a debt-to-equity ratio of 0.13. Brady has a 52-week low of $31.70 and a 52-week high of $40.50.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Wednesday, January 10th will be issued a dividend of $0.2075 per share. The ex-dividend date is Tuesday, January 9th. This represents a $0.83 dividend on an annualized basis and a yield of 2.11%. Brady’s dividend payout ratio is presently 43.92%.
In other Brady news, VP Thomas J. Felmer sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $39.00, for a total transaction of $390,000.00. Following the sale, the vice president now directly owns 78,474 shares of the company’s stock, valued at $3,060,486. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Thomas J. Felmer sold 2,649 shares of the firm’s stock in a transaction dated Tuesday, December 12th. The shares were sold at an average price of $39.52, for a total value of $104,688.48. Following the sale, the vice president now directly owns 57,668 shares in the company, valued at $2,279,039.36. The disclosure for this sale can be found here. Over the last three months, insiders have sold 42,029 shares of company stock worth $1,588,748. Insiders own 15.60% of the company’s stock.
A number of large investors have recently bought and sold shares of the business. BlackRock Inc. raised its holdings in Brady by 1.3% during the second quarter. BlackRock Inc. now owns 5,730,661 shares of the industrial products company’s stock valued at $194,270,000 after acquiring an additional 71,895 shares during the period. Vanguard Group Inc. raised its holdings in Brady by 3.0% during the second quarter. Vanguard Group Inc. now owns 5,480,546 shares of the industrial products company’s stock valued at $185,791,000 after acquiring an additional 159,933 shares during the period. JPMorgan Chase & Co. raised its holdings in Brady by 3.9% during the third quarter. JPMorgan Chase & Co. now owns 3,770,218 shares of the industrial products company’s stock valued at $143,457,000 after acquiring an additional 140,585 shares during the period. Dimensional Fund Advisors LP raised its holdings in Brady by 2.2% during the third quarter. Dimensional Fund Advisors LP now owns 1,753,034 shares of the industrial products company’s stock valued at $66,528,000 after acquiring an additional 38,340 shares during the period. Finally, Renaissance Technologies LLC raised its holdings in Brady by 13.2% during the second quarter. Renaissance Technologies LLC now owns 1,649,100 shares of the industrial products company’s stock valued at $55,904,000 after acquiring an additional 192,000 shares during the period. 76.88% of the stock is currently owned by institutional investors and hedge funds.
TRADEMARK VIOLATION WARNING: “Brady Corporation (BRC) Receives Average Rating of “Hold” from Brokerages” was reported by American Banking News and is owned by of American Banking News. If you are reading this news story on another publication, it was copied illegally and republished in violation of international copyright law. The original version of this news story can be viewed at https://www.americanbankingnews.com/2017/12/16/brady-corporation-brc-receives-average-rating-of-hold-from-brokerages.html.
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.
Receive News & Ratings for Brady Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brady and related companies with MarketBeat.com's FREE daily email newsletter.