Brady Corporation (BRC) Plans Quarterly Dividend of $0.21
Brady Corporation (NYSE:BRC) declared a quarterly dividend on Wednesday, November 15th, RTT News reports. Shareholders of record on Wednesday, January 10th will be given a dividend of 0.2075 per share by the industrial products company on Wednesday, January 31st. This represents a $0.83 dividend on an annualized basis and a yield of 2.17%.
Brady Corporation has decreased its dividend by an average of 7.3% per year over the last three years and has increased its dividend every year for the last 31 years. Brady Corporation has a payout ratio of 43.2% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Brady Corporation to earn $2.05 per share next year, which means the company should continue to be able to cover its $0.83 annual dividend with an expected future payout ratio of 40.5%.
Brady Corporation (NYSE BRC) traded up $0.25 during trading hours on Wednesday, reaching $38.25. 128,600 shares of the company’s stock were exchanged, compared to its average volume of 199,410. The company has a current ratio of 2.18, a quick ratio of 1.61 and a debt-to-equity ratio of 0.15. The stock has a market cap of $1,952.52, a PE ratio of 21.71, a P/E/G ratio of 2.64 and a beta of 1.18. Brady Corporation has a one year low of $31.70 and a one year high of $40.50.
Brady Corporation (NYSE:BRC) last issued its quarterly earnings results on Thursday, September 7th. The industrial products company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.46 by $0.02. Brady Corporation had a net margin of 8.59% and a return on equity of 13.93%. The business had revenue of $289.20 million for the quarter, compared to analysts’ expectations of $280.47 million. During the same quarter last year, the company posted $0.49 earnings per share. The company’s quarterly revenue was up 2.5% compared to the same quarter last year. analysts predict that Brady Corporation will post 1.92 earnings per share for the current year.
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In related news, Director Elizabeth P. Bruno sold 24,000 shares of the stock in a transaction dated Monday, September 25th. The shares were sold at an average price of $36.75, for a total transaction of $882,000.00. Following the sale, the director now owns 371,509 shares in the company, valued at $13,652,955.75. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 15.60% of the stock is owned by corporate insiders.
Several equities analysts have recently commented on the stock. SunTrust Banks, Inc. reaffirmed a “hold” rating and set a $38.00 price target on shares of Brady Corporation in a research report on Friday, October 27th. Robert W. Baird reaffirmed a “hold” rating and set a $36.00 price target on shares of Brady Corporation in a research report on Friday, October 13th. Zacks Investment Research cut shares of Brady Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, July 25th. Finally, Bank of America Corporation increased their price target on shares of Brady Corporation from $33.00 to $34.00 and gave the stock an “underperform” rating in a research report on Friday, September 8th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $38.80.
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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