Brady Corporation (NYSE:BRC) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Tuesday.

According to Zacks, “Brady Corporation is a manufacturer and marketer of identification solutions and specialty coated materials. Their products consist stock and custom items as well as identification systems that are used to create a safer work environment for employees, improve production and operating efficiencies and increase the utilization of assets through tracking and inventory process controls. Major product categories include: industrial identification and data collection products; safety and facility identification products; and original equipment manufacturers components. “

Several other equities analysts also recently commented on the stock. SunTrust Banks, Inc. reiterated a “hold” rating and set a $39.00 price target on shares of Brady Corporation in a report on Friday, November 17th. Bank of America Corporation upped their price target on shares of Brady Corporation from $34.00 to $35.00 and gave the company an “underperform” rating in a report on Friday, November 17th. Finally, Robert W. Baird reiterated a “hold” rating and set a $36.00 price target on shares of Brady Corporation in a report on Friday, October 13th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $39.60.

Brady Corporation (NYSE BRC) opened at $38.90 on Tuesday. The company has a market cap of $1,975.64, a PE ratio of 21.36, a P/E/G ratio of 2.66 and a beta of 1.18. Brady Corporation has a fifty-two week low of $31.70 and a fifty-two week high of $40.50. 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 Corporation (NYSE:BRC) last issued its quarterly earnings results on Thursday, November 16th. The industrial products company reported $0.49 EPS for the quarter, beating the consensus estimate of $0.48 by $0.01. The company had revenue of $290.15 million for the quarter, compared to the consensus estimate of $286.75 million. Brady Corporation had a net margin of 8.81% and a return on equity of 13.90%. The firm’s revenue was up 3.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.44 EPS. equities analysts predict that Brady Corporation will post 1.93 earnings per share for the current fiscal year.

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In other Brady Corporation news, Director Elizabeth P. Bruno sold 24,000 shares of the business’s stock in a transaction dated Monday, September 25th. The shares were sold at an average price of $36.75, for a total value of $882,000.00. Following the completion of the sale, the director now directly owns 371,509 shares of the company’s stock, valued at approximately $13,652,955.75. The transaction was disclosed in a filing with the SEC, which is available through this link. 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 sale, the vice president now directly owns 78,474 shares of the company’s stock, valued at $3,060,486. The disclosure for this sale can be found here. 15.60% of the stock is owned by insiders.

A number of institutional investors have recently added to or reduced their stakes in BRC. JPMorgan Chase & Co. boosted its position in Brady Corporation by 10.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 3,629,633 shares of the industrial products company’s stock valued at $123,045,000 after buying an additional 345,775 shares during the period. Wells Fargo & Company MN lifted its position in shares of Brady Corporation by 35.5% in the 2nd quarter. Wells Fargo & Company MN now owns 956,471 shares of the industrial products company’s stock worth $32,425,000 after purchasing an additional 250,713 shares during the period. Renaissance Technologies LLC lifted its position in shares of Brady Corporation by 13.2% in the 2nd quarter. Renaissance Technologies LLC now owns 1,649,100 shares of the industrial products company’s stock worth $55,904,000 after purchasing an additional 192,000 shares during the period. Vanguard Group Inc. lifted its position in shares of Brady Corporation by 3.0% in the 2nd quarter. Vanguard Group Inc. now owns 5,480,546 shares of the industrial products company’s stock worth $185,791,000 after purchasing an additional 159,933 shares during the period. Finally, Marshall Wace North America L.P. purchased a new stake in shares of Brady Corporation in the 2nd quarter worth approximately $5,218,000. 74.47% of the stock is owned by institutional investors.

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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