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.

Brady (NYSE:BRC) last released its earnings results on Thursday, November 16th. The industrial products company reported $0.49 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.01. The company had revenue of $290.15 million for the quarter, compared to the consensus estimate of $286.75 million. Brady had a return on equity of 13.90% and a net margin of 8.81%. Brady’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.44 earnings per share. equities analysts anticipate that Brady will post 1.93 EPS for the current fiscal year.

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.

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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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