Brady Corporation (NYSE:BRC) received a $36.00 target price from stock analysts at Robert W. Baird in a research note issued to investors on Thursday. The brokerage presently has a “hold” rating on the industrial products company’s stock. Robert W. Baird’s price target indicates a potential upside of 9.59% from the stock’s previous close.

BRC has been the subject of several other reports. Zacks Investment Research downgraded Brady Corporation from a “buy” rating to a “hold” rating in a research note on Monday, May 29th. BidaskClub downgraded Brady Corporation from a “sell” rating to a “strong sell” rating in a research note on Thursday, June 22nd. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $39.25.

Shares of Brady Corporation (NYSE:BRC) opened at 32.85 on Thursday. The stock has a market capitalization of $1.69 billion, a P/E ratio of 17.76 and a beta of 1.12. The company has a 50-day moving average price of $33.11 and a 200 day moving average price of $36.43. Brady Corporation has a 52 week low of $31.70 and a 52 week high of $40.50.

Brady Corporation (NYSE:BRC) last issued its earnings results on Thursday, May 25th. The industrial products company reported $0.43 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.43. The company had revenue of $275.90 million during the quarter, compared to the consensus estimate of $279.39 million. Brady Corporation had a return on equity of 14.44% and a net margin of 8.64%. The firm’s revenue for the quarter was down 3.8% compared to the same quarter last year. During the same period last year, the business posted $0.42 EPS. Analysts forecast that Brady Corporation will post $1.81 earnings per share for the current fiscal year.

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Institutional investors have recently made changes to their positions in the stock. Schwab Charles Investment Management Inc. boosted its position in shares of Brady Corporation by 6.8% in the first quarter. Schwab Charles Investment Management Inc. now owns 308,143 shares of the industrial products company’s stock valued at $11,910,000 after buying an additional 19,746 shares during the last quarter. Frontier Capital Management Co. LLC boosted its position in shares of Brady Corporation by 3.1% in the first quarter. Frontier Capital Management Co. LLC now owns 456,572 shares of the industrial products company’s stock valued at $17,647,000 after buying an additional 13,580 shares during the last quarter. TIAA CREF Investment Management LLC boosted its position in shares of Brady Corporation by 6.4% in the first quarter. TIAA CREF Investment Management LLC now owns 205,103 shares of the industrial products company’s stock valued at $7,927,000 after buying an additional 12,329 shares during the last quarter. Karp Capital Management Corp acquired a new position in shares of Brady Corporation during the first quarter valued at $655,000. Finally, BlackRock Inc. boosted its position in shares of Brady Corporation by 84,523.4% in the first quarter. BlackRock Inc. now owns 5,658,766 shares of the industrial products company’s stock valued at $218,711,000 after buying an additional 5,652,079 shares during the last quarter. 74.88% of the stock is currently owned by institutional investors and hedge funds.

About Brady Corporation

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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