Brady Corp (NYSE:BRC) – Stock analysts at SunTrust Banks upped their FY2018 earnings estimates for shares of Brady in a research report issued on Tuesday. SunTrust Banks analyst C. Brady now anticipates that the industrial products company will earn $2.12 per share for the year, up from their previous forecast of $1.90. SunTrust Banks currently has a “Hold” rating and a $39.00 target price on the stock. SunTrust Banks also issued estimates for Brady’s FY2019 earnings at $2.24 EPS.

Other equities analysts have also recently issued reports about the stock. Robert W. Baird restated a “hold” rating and issued a $36.00 price target on shares of Brady in a research report on Friday, October 13th. Zacks Investment Research cut shares of Brady from a “buy” rating to a “hold” rating in a research report on Monday, October 30th. Finally, Bank of America upped their price target on shares of Brady from $34.00 to $35.00 and gave the company an “underperform” rating in a research report on Friday, November 17th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $41.00.

Brady (NYSE BRC) traded down $0.05 during mid-day trading on Thursday, reaching $38.35. 98,600 shares of the company were exchanged, compared to its average volume of 143,986. The firm has a market cap of $1,970.00, a PE ratio of 20.40, a price-to-earnings-growth ratio of 2.67 and a beta of 1.19. Brady has a twelve month low of $31.70 and a twelve month high of $40.50. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.62 and a current ratio of 2.19.

Brady (NYSE:BRC) last released its quarterly earnings data on Thursday, November 16th. The industrial products company reported $0.49 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.01. The business had revenue of $290.15 million during the quarter, compared to analysts’ expectations of $286.75 million. Brady had a net margin of 8.81% and a return on equity of 13.90%. The firm’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.44 EPS.

Institutional investors and hedge funds have recently bought and sold shares of the company. Riverhead Capital Management LLC increased its position in shares of Brady by 62.9% during the second quarter. Riverhead Capital Management LLC now owns 3,095 shares of the industrial products company’s stock worth $105,000 after buying an additional 1,195 shares during the period. SG Americas Securities LLC acquired a new stake in shares of Brady during the second quarter worth $118,000. Hartford Investment Management Co. acquired a new stake in shares of Brady during the third quarter worth $204,000. Amalgamated Bank increased its position in shares of Brady by 5.0% during the second quarter. Amalgamated Bank now owns 6,403 shares of the industrial products company’s stock worth $217,000 after buying an additional 305 shares during the period. Finally, Cubist Systematic Strategies LLC increased its position in shares of Brady by 54.8% during the second quarter. Cubist Systematic Strategies LLC now owns 7,316 shares of the industrial products company’s stock worth $248,000 after buying an additional 2,591 shares during the period. Institutional investors own 76.84% of the company’s stock.

In other Brady news, VP Thomas J. Felmer sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $39.00, for a total value of $390,000.00. Following the completion of the transaction, the vice president now directly owns 78,474 shares in the company, valued at approximately $3,060,486. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Bradley C. Richardson sold 1,400 shares of the company’s stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $39.15, for a total transaction of $54,810.00. Following the completion of the transaction, the director now owns 2,511 shares of the company’s stock, valued at $98,305.65. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 18,029 shares of company stock valued at $706,748. Corporate insiders own 15.60% of the company’s stock.

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 given a $0.2075 dividend. This represents a $0.83 annualized dividend and a yield of 2.16%. The ex-dividend date is Tuesday, January 9th. Brady’s dividend payout ratio (DPR) is currently 44.15%.

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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.

Earnings History and Estimates for Brady (NYSE:BRC)

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