Brady Corp. (NYSE:BRC) – Investment analysts at SunTrust Banks reduced their Q4 2017 EPS estimates for shares of Brady Corp. in a research report issued to clients and investors on Wednesday. SunTrust Banks analyst C. Brady now forecasts that the firm will earn $0.47 per share for the quarter, down from their prior forecast of $0.49. SunTrust Banks currently has a “Neutral” rating and a $34.00 target price on the stock.

A number of other equities research analysts have also recently commented on the stock. Zacks Investment Research cut shares of Brady Corp. from a “buy” rating to a “hold” rating in a research note on Tuesday, November 15th. Robert W. Baird increased their price objective on shares of Brady Corp. from $30.00 to $34.00 and gave the company a “neutral” rating in a research note on Monday, September 12th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $48.60.

Earnings History and Estimates for Brady Corp. (NYSE:BRC)

Brady Corp. (NYSE:BRC) opened at 37.55 on Monday. The company has a 50 day moving average of $34.51 and a 200-day moving average of $32.43. Brady Corp. has a one year low of $20.35 and a one year high of $38.20. The firm has a market cap of $1.91 billion, a PE ratio of 22.76 and a beta of 1.08.

Brady Corp. (NYSE:BRC) last announced its quarterly earnings data on Wednesday, November 16th. The company reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.01. The firm earned $280.20 million during the quarter, compared to analysts’ expectations of $277.87 million. Brady Corp. had a net margin of 7.51% and a return on equity of 14.14%. The business’s quarterly revenue was down 1.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.37 earnings per share.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 31st. Shareholders of record on Tuesday, January 10th will be paid a dividend of $0.205 per share. This represents a $0.82 annualized dividend and a dividend yield of 2.18%. Brady Corp.’s dividend payout ratio is currently 49.70%.

In other Brady Corp. news, VP Thomas J. Felmer sold 13,431 shares of the firm’s stock in a transaction dated Thursday, September 22nd. The shares were sold at an average price of $35.21, for a total transaction of $472,905.51. Following the sale, the vice president now directly owns 74,927 shares of the company’s stock, valued at approximately $2,638,179.67. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Bentley Curran sold 6,378 shares of the firm’s stock in a transaction dated Wednesday, September 28th. The stock was sold at an average price of $34.71, for a total transaction of $221,380.38. Following the sale, the vice president now directly owns 36,459 shares in the company, valued at $1,265,491.89. The disclosure for this sale can be found here. Company insiders own 15.60% of the company’s stock.

Large investors have recently added to or reduced their stakes in the company. PineBridge Investments L.P. boosted its stake in Brady Corp. by 3.8% in the second quarter. PineBridge Investments L.P. now owns 5,925 shares of the company’s stock valued at $181,000 after buying an additional 219 shares in the last quarter. O Shaughnessy Asset Management LLC purchased a new stake in Brady Corp. during the second quarter valued at about $190,000. Teacher Retirement System of Texas boosted its stake in Brady Corp. by 13.7% in the second quarter. Teacher Retirement System of Texas now owns 6,576 shares of the company’s stock valued at $201,000 after buying an additional 790 shares in the last quarter. Brighton Jones LLC purchased a new stake in Brady Corp. during the third quarter valued at about $207,000. Finally, Springbok Capital Management LLC boosted its stake in Brady Corp. by 37.1% in the first quarter. Springbok Capital Management LLC now owns 8,364 shares of the company’s stock valued at $224,000 after buying an additional 2,264 shares in the last quarter. 76.27% of the stock is currently owned by institutional investors.

About Brady Corp.

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 that are manufactured under various brands, including the Brady brand, and are primarily sold through distribution to a range of maintenance, repair and operations (MRO) and original equipment manufacturing (OEM) customers, and through other channels, including direct sales, catalog marketing and digital.

5 Day Chart for NYSE:BRC

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