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.

Dividend History for Brady Corporation (NYSE:BRC)

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