Brady Corporation (NYSE:BRC) – Research analysts at SunTrust Banks boosted their Q2 2018 earnings per share (EPS) estimates for shares of Brady Corporation in a report released on Thursday. SunTrust Banks analyst C. Brady now forecasts that the industrial products company will earn $0.42 per share for the quarter, up from their previous estimate of $0.41. SunTrust Banks currently has a “Hold” rating and a $39.00 target price on the stock. SunTrust Banks also issued estimates for Brady Corporation’s FY2018 earnings at $1.90 EPS, Q2 2019 earnings at $0.45 EPS and FY2019 earnings at $2.01 EPS.

Brady Corporation (NYSE:BRC) last issued its quarterly earnings data on Thursday, November 16th. The industrial products company reported $0.49 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.01. Brady Corporation had a return on equity of 13.90% and a net margin of 8.81%. The company had revenue of $290.15 million during the quarter, compared to analyst estimates of $286.75 million. During the same quarter in the previous year, the company posted $0.44 earnings per share. Brady Corporation’s revenue was up 3.6% compared to the same quarter last year.

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Other analysts have also issued research reports about the company. Zacks Investment Research lowered Brady Corporation from a “buy” rating to a “hold” rating in a report on Monday, November 13th. Robert W. Baird set a $36.00 price objective on Brady Corporation and gave the stock a “hold” rating in a report on Thursday, August 24th. Finally, Bank of America Corporation lifted their price objective on Brady Corporation from $34.00 to $35.00 and gave the stock an “underperform” rating in a report on Friday. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $39.20.

Shares of Brady Corporation (NYSE:BRC) opened at $38.75 on Monday. The company has a quick ratio of 1.62, a current ratio of 2.19 and a debt-to-equity ratio of 0.13. Brady Corporation has a fifty-two week low of $31.70 and a fifty-two week high of $40.50. The company has a market capitalization of $1,991.05, a price-to-earnings ratio of 21.53, a P/E/G ratio of 2.68 and a beta of 1.18.

The business 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 dividend of $0.2075 per share. This represents a $0.83 annualized dividend and a yield of 2.14%. The ex-dividend date of this dividend is Tuesday, January 9th. Brady Corporation’s dividend payout ratio is presently 43.92%.

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 stock was sold at an average price of $36.75, for a total transaction of $882,000.00. Following the completion of the sale, the director now owns 371,509 shares of the company’s stock, valued at $13,652,955.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 15.60% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in BRC. Riverhead Capital Management LLC grew its holdings in Brady Corporation by 62.9% during the second quarter. Riverhead Capital Management LLC now owns 3,095 shares of the industrial products company’s stock valued at $105,000 after purchasing an additional 1,195 shares during the period. SG Americas Securities LLC bought a new stake in Brady Corporation during the second quarter valued at about $118,000. Hartford Investment Management Co. bought a new stake in Brady Corporation during the third quarter valued at about $204,000. Amalgamated Bank grew its holdings in Brady Corporation by 5.0% during the second quarter. Amalgamated Bank now owns 6,403 shares of the industrial products company’s stock valued at $217,000 after purchasing an additional 305 shares during the period. Finally, Brighton Jones LLC grew its holdings in Brady Corporation by 17.9% during the second quarter. Brighton Jones LLC now owns 7,085 shares of the industrial products company’s stock valued at $240,000 after purchasing an additional 1,075 shares during the period. 74.47% of the stock is 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.

Earnings History and Estimates for Brady Corporation (NYSE:BRC)

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