Brady Corp (NYSE:BRC) – Equities researchers at SunTrust Banks upped their FY2018 EPS estimates for Brady in a research report issued on Tuesday. SunTrust Banks analyst C. Brady now anticipates that the industrial products company will post earnings per share of $2.12 for the year, up from their previous forecast of $1.90. SunTrust Banks has a “Hold” rating and a $39.00 price objective on the stock. SunTrust Banks also issued estimates for Brady’s FY2019 earnings at $2.24 EPS.

Several other brokerages have also commented on BRC. Zacks Investment Research upgraded Brady from a “hold” rating to a “buy” rating and set a $41.00 target price on the stock in a research report on Wednesday, November 8th. Bank of America upgraded Brady from an “underperform” rating to a “buy” rating and set a $42.00 target price on the stock in a research report on Tuesday, January 2nd. Finally, Robert W. Baird restated a “hold” rating and set a $36.00 target price on shares of Brady in a research report on Friday, October 13th. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $41.00.

Shares of Brady (NYSE:BRC) traded up $0.70 during trading on Thursday, hitting $39.05. The company had a trading volume of 125,300 shares, compared to its average volume of 141,650. Brady has a 52 week low of $31.70 and a 52 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. The company has a market cap of $1,970.00, a price-to-earnings ratio of 20.77, a price-to-earnings-growth ratio of 2.67 and a beta of 1.19.

Brady (NYSE:BRC) last announced its 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. Brady had a return on equity of 13.90% and a net margin of 8.81%. The company had revenue of $290.15 million for the quarter, compared to analyst estimates of $286.75 million. During the same quarter in the prior year, the company earned $0.44 EPS. The firm’s revenue for the quarter was up 3.6% compared to the same quarter last year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Wednesday, January 10th will be issued a $0.2075 dividend. The ex-dividend date of this dividend is Tuesday, January 9th. This represents a $0.83 annualized dividend and a yield of 2.13%. Brady’s payout ratio is currently 44.15%.

In other Brady news, Director Bradley C. Richardson sold 1,400 shares of the stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $39.15, for a total value of $54,810.00. Following the transaction, the director now owns 2,511 shares in the company, valued at $98,305.65. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Thomas J. Felmer sold 10,000 shares of the stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $39.00, for a total value of $390,000.00. Following the completion of the transaction, the vice president now owns 78,474 shares in the company, valued at approximately $3,060,486. The disclosure for this sale can be found here. In the last quarter, insiders sold 18,029 shares of company stock worth $706,748. Corporate insiders own 15.60% of the company’s stock.

A number of large investors have recently made changes to their positions in the business. Eaton Vance Management boosted its holdings in Brady by 0.3% in the second quarter. Eaton Vance Management now owns 11,521 shares of the industrial products company’s stock worth $391,000 after acquiring an additional 32 shares in the last quarter. State Board of Administration of Florida Retirement System boosted its holdings in Brady by 0.3% in the second quarter. State Board of Administration of Florida Retirement System now owns 43,814 shares of the industrial products company’s stock worth $1,485,000 after acquiring an additional 138 shares in the last quarter. Amalgamated Bank boosted its holdings in Brady by 5.0% in the second quarter. Amalgamated Bank now owns 6,403 shares of the industrial products company’s stock worth $217,000 after acquiring an additional 305 shares in the last quarter. The Manufacturers Life Insurance Company boosted its holdings in Brady by 1.3% in the second quarter. The Manufacturers Life Insurance Company now owns 35,785 shares of the industrial products company’s stock worth $1,214,000 after acquiring an additional 456 shares in the last quarter. Finally, Suntrust Banks Inc. boosted its holdings in Brady by 7.2% in the second quarter. Suntrust Banks Inc. now owns 8,504 shares of the industrial products company’s stock worth $288,000 after acquiring an additional 571 shares in the last quarter. Institutional investors and hedge funds own 76.84% of the company’s stock.

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Brady Company Profile

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.

Earnings History and Estimates for Brady (NYSE:BRC)

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