Brady Co. (NYSE:BRC) – Equities researchers at SunTrust Banks lifted their Q2 2018 EPS estimates for Brady in a research report issued on Thursday. SunTrust Banks analyst C. Brady now forecasts that the industrial products company will post earnings of $0.42 per share for the quarter, up from their prior forecast of $0.41. SunTrust Banks has a “Hold” rating and a $39.00 price target on the stock. SunTrust Banks also issued estimates for Brady’s FY2018 earnings at $1.90 EPS, Q2 2019 earnings at $0.45 EPS and FY2019 earnings at $2.01 EPS.
BRC has been the topic of a number of other reports. Zacks Investment Research upgraded Brady from a “hold” rating to a “buy” rating and set a $43.00 price target on the stock in a report on Monday. Bank of America Corporation increased their price target on Brady from $34.00 to $35.00 and gave the stock an “underperform” rating in a report on Friday. Finally, Robert W. Baird restated a “hold” rating and set a $36.00 price target on shares of Brady in a report on Friday, October 13th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $39.60.
Brady (NYSE:BRC) last announced its earnings results on Thursday, November 16th. The industrial products company reported $0.49 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.01. Brady had a return on equity of 14.21% and a net margin of 8.90%. The business had revenue of $290.15 million for the quarter, compared to analysts’ expectations of $286.75 million. During the same period in the prior year, the business posted $0.44 earnings per share. The firm’s revenue was up 3.6% on a year-over-year basis.
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. This represents a $0.83 dividend on an annualized basis and a dividend yield of 2.16%. The ex-dividend date is Tuesday, January 9th. Brady’s payout ratio is 43.92%.
In other Brady news, Director Elizabeth P. Bruno sold 24,000 shares of the 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 transaction, the director now directly owns 371,509 shares in the company, valued at approximately $13,652,955.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 15.60% of the stock is currently owned by corporate insiders.
Several institutional investors have recently bought and sold shares of BRC. Teachers Advisors LLC boosted its holdings in shares of Brady by 2.8% during the 1st quarter. Teachers Advisors LLC now owns 77,639 shares of the industrial products company’s stock worth $3,001,000 after buying an additional 2,096 shares in the last quarter. Bank of America Corp DE raised its position in shares of Brady by 83.6% during the first quarter. Bank of America Corp DE now owns 82,554 shares of the industrial products company’s stock worth $3,191,000 after purchasing an additional 37,589 shares during the period. State Street Corp raised its position in shares of Brady by 7.0% during the first quarter. State Street Corp now owns 1,121,048 shares of the industrial products company’s stock worth $43,327,000 after purchasing an additional 73,113 shares during the period. Bank of Montreal Can raised its position in shares of Brady by 909.6% during the second quarter. Bank of Montreal Can now owns 96,594 shares of the industrial products company’s stock worth $3,275,000 after purchasing an additional 87,026 shares during the period. Finally, State of Alaska Department of Revenue raised its position in shares of Brady by 79.2% during the second quarter. State of Alaska Department of Revenue now owns 9,428 shares of the industrial products company’s stock worth $319,000 after purchasing an additional 4,168 shares during the period. Hedge funds and other institutional investors own 74.47% of the company’s stock.
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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