Shares of Brady Co. (NYSE:BRC) have received a consensus rating of “Buy” from the six analysts that are covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, three have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $48.50.

A number of equities analysts have recently issued reports on BRC shares. Sidoti started coverage on shares of Brady in a research note on Friday, December 18th. They set a “buy” rating on the stock. BidaskClub upgraded shares of Brady from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, January 5th. Finally, Zacks Investment Research upgraded shares of Brady from a “hold” rating to a “buy” rating and set a $52.00 price objective on the stock in a research note on Wednesday, November 25th.

In related news, Director Elizabeth P. Bruno sold 20,000 shares of the business’s stock in a transaction dated Tuesday, December 29th. The shares were sold at an average price of $50.73, for a total transaction of $1,014,600.00. Following the transaction, the director now directly owns 22,860 shares in the company, valued at $1,159,687.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Elizabeth P. Bruno sold 1,583 shares of the business’s stock in a transaction dated Thursday, December 10th. The stock was sold at an average price of $47.00, for a total transaction of $74,401.00. The disclosure for this sale can be found here. Insiders have sold 41,583 shares of company stock worth $1,999,801 over the last 90 days. 15.60% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. First Trust Advisors LP raised its stake in Brady by 36.9% during the first quarter. First Trust Advisors LP now owns 90,070 shares of the industrial products company’s stock worth $4,180,000 after purchasing an additional 24,270 shares during the period. PNC Financial Services Group Inc. grew its stake in Brady by 12.2% in the 2nd quarter. PNC Financial Services Group Inc. now owns 2,866 shares of the industrial products company’s stock valued at $133,000 after acquiring an additional 312 shares during the last quarter. American International Group Inc. grew its stake in Brady by 2.5% in the 2nd quarter. American International Group Inc. now owns 34,281 shares of the industrial products company’s stock valued at $1,605,000 after acquiring an additional 850 shares during the last quarter. Bank of Montreal Can grew its stake in Brady by 32.6% in the 2nd quarter. Bank of Montreal Can now owns 13,815 shares of the industrial products company’s stock valued at $600,000 after acquiring an additional 3,393 shares during the last quarter. Finally, Baird Financial Group Inc. grew its stake in Brady by 1.5% in the 2nd quarter. Baird Financial Group Inc. now owns 18,250 shares of the industrial products company’s stock valued at $1,045,000 after acquiring an additional 272 shares during the last quarter. Hedge funds and other institutional investors own 74.85% of the company’s stock.

BRC stock traded down $0.72 during mid-day trading on Wednesday, reaching $53.01. The company had a trading volume of 204,585 shares, compared to its average volume of 214,136. The company has a market capitalization of $2.76 billion, a PE ratio of 25.86, a price-to-earnings-growth ratio of 3.01 and a beta of 0.79. The firm has a 50 day moving average of $49.00 and a 200 day moving average of $45.58. Brady has a 12 month low of $33.00 and a 12 month high of $58.22.

Brady (NYSE:BRC) last released its quarterly earnings data on Wednesday, November 18th. The industrial products company reported $0.64 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.57 by $0.07. Brady had a net margin of 10.11% and a return on equity of 13.80%. The firm had revenue of $277.23 million for the quarter, compared to the consensus estimate of $271.90 million. Equities analysts anticipate that Brady will post 2.57 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, January 29th. Stockholders of record on Friday, January 8th will be given a $0.22 dividend. The ex-dividend date is Thursday, January 7th. This represents a $0.88 annualized dividend and a dividend yield of 1.66%. Brady’s dividend payout ratio (DPR) is 41.71%.

About Brady

Brady Corporation manufactures and supplies identification solutions (IDS) and workplace safety (WPS) products to identify and protect premises, products, and people in the United States and internationally. The IDS segment offers safety signs, floor-marking tapes, pipe markers, labeling systems, spill control products, and lockout/tagout devices for facility identification and protection; materials and printing systems for product identification, brand protection and work in process labeling, and finished product identification; and hand-held printers, wire markers, sleeves, and tags for wire identification, as well as software and services for safety compliance auditing, procedure writing, and training.

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