Brady Corp (NYSE:BRC) – Equities researchers at Northcoast Research raised their Q3 2018 earnings estimates for shares of Brady in a research report issued on Thursday. Northcoast Research analyst K. Housum now expects that the industrial products company will post earnings per share of $0.50 for the quarter, up from their previous estimate of $0.47. Northcoast Research also issued estimates for Brady’s Q4 2019 earnings at $0.66 EPS and FY2019 earnings at $2.28 EPS.
Other equities research analysts have also issued research reports about the stock. Zacks Investment Research lowered shares of Brady from a “hold” rating to a “sell” rating in a report on Wednesday, January 17th. SunTrust Banks restated a “hold” rating and issued a $38.00 target price on shares of Brady in a report on Friday, October 27th. Robert W. Baird restated a “hold” rating and issued a $36.00 target price on shares of Brady in a report on Friday, October 13th. Finally, Bank of America upped their target price on shares of Brady from $34.00 to $35.00 and gave the stock an “underperform” rating in a report on Friday, November 17th. Two analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $41.00.
Brady (NYSE:BRC) last posted its earnings results on Thursday, November 16th. The industrial products company reported $0.49 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.01. Brady had a net margin of 8.81% and a return on equity of 13.90%. 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 business posted $0.44 EPS. The firm’s revenue was up 3.6% compared to the same quarter last year.
Hedge funds have recently made changes to their positions in the stock. Schwab Charles Investment Management Inc. lifted its stake in Brady by 4.2% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 321,156 shares of the industrial products company’s stock worth $10,888,000 after purchasing an additional 13,013 shares in the last quarter. Swiss National Bank lifted its stake in Brady by 2.8% in the 2nd quarter. Swiss National Bank now owns 80,200 shares of the industrial products company’s stock worth $2,719,000 after purchasing an additional 2,200 shares in the last quarter. Riverhead Capital Management LLC lifted its stake in Brady by 62.9% in the 2nd quarter. Riverhead Capital Management LLC now owns 3,095 shares of the industrial products company’s stock worth $105,000 after purchasing an additional 1,195 shares in the last quarter. Teachers Advisors LLC lifted its stake in Brady by 8.5% in the 2nd quarter. Teachers Advisors LLC now owns 84,216 shares of the industrial products company’s stock worth $2,855,000 after purchasing an additional 6,577 shares in the last quarter. Finally, BlackRock Inc. lifted its stake in Brady by 1.3% in the 2nd quarter. BlackRock Inc. now owns 5,730,661 shares of the industrial products company’s stock worth $194,270,000 after purchasing an additional 71,895 shares in the last quarter. Institutional investors own 77.09% of the company’s stock.
In other Brady news, VP Bentley Curran sold 21,784 shares of the company’s stock in a transaction dated Monday, January 22nd. The shares were sold at an average price of $39.01, for a total value of $849,793.84. Following the completion of the sale, the vice president now directly owns 52,597 shares of the company’s stock, valued at approximately $2,051,808.97. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Bradley C. Richardson sold 1,400 shares of the company’s stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $39.15, for a total transaction of $54,810.00. Following the completion of the sale, the director now directly owns 2,511 shares of the company’s stock, valued at $98,305.65. The disclosure for this sale can be found here. Insiders sold a total of 59,813 shares of company stock valued at $2,336,542 over the last ninety days. 15.60% of the stock is currently owned by insiders.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Wednesday, January 10th will be given a $0.2075 dividend. This represents a $0.83 dividend on an annualized basis and a yield of 2.12%. The ex-dividend date of this dividend is Tuesday, January 9th. Brady’s payout ratio is 43.92%.
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.
Receive News & Ratings for Brady Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brady and related companies with MarketBeat.com's FREE daily email newsletter.