Brady Corp (BRC) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Brady Corp (NYSE:BRC) have earned an average rating of “Hold” from the six brokerages that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $40.50.

Several research firms recently weighed in on BRC. Bank of America upgraded shares of Brady from an “underperform” rating to a “buy” rating and set a $42.00 price target on the stock in a report on Tuesday, January 2nd. Zacks Investment Research cut shares of Brady from a “buy” rating to a “hold” rating in a report on Tuesday, November 21st. SunTrust Banks restated a “hold” rating and set a $39.00 price target on shares of Brady in a report on Friday, November 17th. 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.

Brady (NYSE:BRC) opened at $38.40 on Wednesday. Brady has a twelve month low of $31.70 and a twelve month high of $40.50. The firm has a market cap of $1,970.00, a PE ratio of 20.43, a P/E/G ratio of 2.67 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 (NYSE:BRC) last released its quarterly earnings results on Thursday, November 16th. The industrial products company reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.01. Brady had a net margin of 8.81% and a return on equity of 13.90%. 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 previous year, the company earned $0.44 earnings per share. The firm’s revenue for the quarter was up 3.6% compared to the same quarter last year. analysts predict that Brady will post 1.93 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Wednesday, January 10th will be paid a $0.2075 dividend. This represents a $0.83 dividend on an annualized basis and a yield of 2.16%. The ex-dividend date is Tuesday, January 9th. Brady’s payout ratio is 44.15%.

In other Brady news, VP Thomas J. Felmer sold 2,649 shares of the business’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 transaction, the vice president now directly owns 57,668 shares in the company, valued at $2,279,039.36. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Thomas J. Felmer sold 10,000 shares of the business’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $39.00, for a total transaction of $390,000.00. Following the completion of the transaction, the vice president now owns 78,474 shares in the company, valued at $3,060,486. The disclosure for this sale can be found here. Over the last quarter, insiders sold 18,029 shares of company stock worth $706,748. Corporate insiders own 15.60% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Riverhead Capital Management LLC boosted its stake in Brady by 62.9% in the second quarter. Riverhead Capital Management LLC now owns 3,095 shares of the industrial products company’s stock valued at $105,000 after acquiring an additional 1,195 shares during the last quarter. SG Americas Securities LLC purchased a new position in Brady in the second quarter valued at about $118,000. Hartford Investment Management Co. purchased a new position in Brady in the third quarter valued at about $204,000. Amalgamated Bank boosted its stake in Brady by 5.0% in the second quarter. Amalgamated Bank now owns 6,403 shares of the industrial products company’s stock valued at $217,000 after acquiring an additional 305 shares during the last quarter. Finally, Cubist Systematic Strategies LLC boosted its stake in Brady by 54.8% in the second quarter. Cubist Systematic Strategies LLC now owns 7,316 shares of the industrial products company’s stock valued at $248,000 after acquiring an additional 2,591 shares during the last quarter. Hedge funds and other institutional investors own 76.84% of the company’s stock.

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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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