Brady (NYSE:BRC) had its price objective increased by Bank of America from $46.00 to $49.00 in a research report sent to investors on Monday, BenzingaRatingsTable reports. Bank of America currently has an underperform rating on the industrial products company’s stock.

Other equities analysts also recently issued research reports about the stock. ValuEngine downgraded shares of Brady from a buy rating to a hold rating in a research note on Thursday, August 1st. Wells Fargo & Co set a $45.00 target price on shares of Brady and gave the stock a hold rating in a research note on Friday, July 12th. Finally, Zacks Investment Research downgraded shares of Brady from a hold rating to a sell rating in a research note on Thursday, August 29th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company. The company has an average rating of Hold and a consensus price target of $49.25.

Shares of NYSE BRC opened at $54.48 on Monday. Brady has a twelve month low of $38.81 and a twelve month high of $54.86. The firm has a fifty day simple moving average of $49.44 and a 200 day simple moving average of $48.31. The company has a market capitalization of $2.76 billion, a PE ratio of 22.15, a P/E/G ratio of 2.73 and a beta of 0.95.

Brady (NYSE:BRC) last announced its earnings results on Friday, September 6th. The industrial products company reported $0.68 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.07. Brady had a net margin of 11.31% and a return on equity of 16.15%. The business had revenue of $295.30 million during the quarter, compared to the consensus estimate of $298.90 million. During the same quarter last year, the firm earned $0.66 earnings per share. Brady’s quarterly revenue was down .7% on a year-over-year basis. As a group, analysts anticipate that Brady will post 2.55 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Thursday, October 10th will be paid a dividend of $0.218 per share. This represents a $0.87 dividend on an annualized basis and a yield of 1.60%. The ex-dividend date of this dividend is Wednesday, October 9th. This is an increase from Brady’s previous quarterly dividend of $0.21. Brady’s dividend payout ratio (DPR) is currently 34.55%.

In other Brady news, VP Bentley Curran sold 10,982 shares of the firm’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $51.92, for a total value of $570,185.44. Following the completion of the sale, the vice president now directly owns 33,760 shares in the company, valued at $1,752,819.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Russell Shaller sold 2,225 shares of the firm’s stock in a transaction on Thursday, June 27th. The stock was sold at an average price of $48.25, for a total transaction of $107,356.25. Following the completion of the sale, the vice president now owns 41,677 shares of the company’s stock, valued at $2,010,915.25. The disclosure for this sale can be found here. Insiders sold 37,427 shares of company stock valued at $1,879,686 over the last 90 days. Corporate insiders own 15.60% of the company’s stock.

Large investors have recently bought and sold shares of the business. Aperio Group LLC grew its holdings in Brady by 10.3% in the second quarter. Aperio Group LLC now owns 14,316 shares of the industrial products company’s stock worth $706,000 after purchasing an additional 1,339 shares during the period. Magnus Financial Group LLC acquired a new stake in Brady in the first quarter worth $207,000. DekaBank Deutsche Girozentrale grew its holdings in Brady by 231.7% in the second quarter. DekaBank Deutsche Girozentrale now owns 107,700 shares of the industrial products company’s stock worth $5,292,000 after purchasing an additional 75,228 shares during the period. Rhumbline Advisers grew its holdings in Brady by 2.3% in the first quarter. Rhumbline Advisers now owns 148,784 shares of the industrial products company’s stock worth $6,905,000 after purchasing an additional 3,352 shares during the period. Finally, GWM Advisors LLC grew its holdings in Brady by 18.5% in the first quarter. GWM Advisors LLC now owns 35,387 shares of the industrial products company’s stock worth $1,642,000 after purchasing an additional 5,521 shares during the period. Institutional investors and hedge funds own 80.54% of the company’s stock.

Brady Company Profile

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, 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 labeling, 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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Analyst Recommendations for Brady (NYSE:BRC)

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