Wells Fargo & Co set a $45.00 price objective on Brady (NYSE:BRC) in a report released on Friday morning, TipRanks reports. The firm currently has a hold rating on the industrial products company’s stock.
Other analysts have also recently issued research reports about the stock. ValuEngine cut shares of Zumiez from a hold rating to a sell rating in a research note on Tuesday, July 2nd. Zacks Investment Research cut shares of EXACT Sciences from a hold rating to a sell rating in a research note on Tuesday, July 2nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. The company currently has an average rating of Hold and an average target price of $46.25.
Brady stock traded up $1.13 during midday trading on Friday, hitting $50.56. The company’s stock had a trading volume of 202,006 shares, compared to its average volume of 291,770. Brady has a 1-year low of $36.00 and a 1-year high of $50.73. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.36 and a current ratio of 3.03. The company has a 50-day simple moving average of $48.13. The company has a market capitalization of $2.67 billion, a P/E ratio of 24.78, a price-to-earnings-growth ratio of 2.81 and a beta of 0.95.
Brady (NYSE:BRC) last issued its quarterly earnings data on Thursday, May 23rd. The industrial products company reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.09. Brady had a net margin of 11.15% and a return on equity of 15.85%. The business had revenue of $289.75 million during the quarter, compared to analysts’ expectations of $292.66 million. During the same quarter in the previous year, the company earned $0.49 EPS. The business’s revenue was down 2.9% on a year-over-year basis. As a group, equities research analysts forecast that Brady will post 2.4 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Wednesday, July 10th will be given a $0.2125 dividend. This represents a $0.85 annualized dividend and a dividend yield of 1.68%. The ex-dividend date is Tuesday, July 9th. Brady’s payout ratio is presently 41.67%.
In other news, SVP Louis T. Bolognini sold 7,424 shares of the business’s stock in a transaction that occurred on Wednesday, June 5th. The shares were sold at an average price of $47.75, for a total value of $354,496.00. Following the completion of the transaction, the senior vice president now directly owns 34,264 shares in the company, valued at approximately $1,636,106. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO J Michael Nauman sold 20,488 shares of the business’s stock in a transaction that occurred on Thursday, April 25th. The shares were sold at an average price of $48.14, for a total transaction of $986,292.32. The disclosure for this sale can be found here. Insiders sold a total of 53,567 shares of company stock valued at $2,586,736 over the last 90 days. Corporate insiders own 15.60% of the company’s stock.
Large investors have recently modified their holdings of the company. Millennium Management LLC increased its position in Brady by 9.2% during the 4th quarter. Millennium Management LLC now owns 432,697 shares of the industrial products company’s stock worth $18,805,000 after purchasing an additional 36,503 shares in the last quarter. Magnus Financial Group LLC acquired a new position in Brady during the 1st quarter worth approximately $207,000. Northern Trust Corp increased its position in Brady by 0.4% during the 4th quarter. Northern Trust Corp now owns 621,886 shares of the industrial products company’s stock worth $27,027,000 after purchasing an additional 2,577 shares in the last quarter. Thrivent Financial for Lutherans increased its position in Brady by 48.2% during the 4th quarter. Thrivent Financial for Lutherans now owns 50,064 shares of the industrial products company’s stock worth $2,176,000 after purchasing an additional 16,287 shares in the last quarter. Finally, Two Sigma Advisers LP increased its position in Brady by 20.6% during the 4th quarter. Two Sigma Advisers LP now owns 156,909 shares of the industrial products company’s stock worth $6,819,000 after purchasing an additional 26,800 shares in the last quarter. Institutional investors own 80.64% of the company’s stock.
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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