Brady Corp (NYSE:BRC) – Analysts at Northcoast Research lowered their Q4 2019 earnings estimates for Brady in a note issued to investors on Thursday, May 23rd, according to Zacks Investment Research. Northcoast Research analyst K. Housum now forecasts that the industrial products company will earn $0.62 per share for the quarter, down from their prior forecast of $0.63.
Several other analysts also recently commented on BRC. Zacks Investment Research downgraded Brady from a “hold” rating to a “sell” rating in a research note on Tuesday, May 21st. ValuEngine cut shares of Brady from a “buy” rating to a “hold” rating in a research report on Wednesday, May 15th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $46.00.
Shares of BRC traded down $0.01 during trading hours on Monday, hitting $48.27. The stock had a trading volume of 237,869 shares, compared to its average volume of 334,954. The company has a debt-to-equity ratio of 0.06, a current ratio of 3.03 and a quick ratio of 2.36. The company has a market cap of $2.53 billion, a PE ratio of 23.48, a P/E/G ratio of 2.67 and a beta of 0.97. Brady has a 1-year low of $36.00 and a 1-year high of $50.12.
Brady (NYSE:BRC) last issued its earnings results on Thursday, May 23rd. The industrial products company reported $0.65 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.56 by $0.09. The company had revenue of $289.75 million during the quarter, compared to the consensus estimate of $292.66 million. Brady had a return on equity of 15.85% and a net margin of 11.15%. The firm’s revenue for the quarter was down 2.9% compared to the same quarter last year. During the same period last year, the business posted $0.49 EPS.
Several institutional investors have recently bought and sold shares of BRC. Bank of Montreal Can lifted its position in shares of Brady by 11.1% during the 4th quarter. Bank of Montreal Can now owns 9,535 shares of the industrial products company’s stock worth $415,000 after buying an additional 955 shares in the last quarter. Arizona State Retirement System boosted its stake in shares of Brady by 7.8% during the fourth quarter. Arizona State Retirement System now owns 75,362 shares of the industrial products company’s stock valued at $3,275,000 after purchasing an additional 5,440 shares in the last quarter. GWM Advisors LLC bought a new position in shares of Brady during the fourth quarter valued at approximately $1,298,000. Vaughan Nelson Investment Management L.P. boosted its stake in shares of Brady by 76.1% during the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 1,242,625 shares of the industrial products company’s stock valued at $54,005,000 after purchasing an additional 536,950 shares in the last quarter. Finally, Xact Kapitalforvaltning AB boosted its stake in shares of Brady by 31.3% during the fourth quarter. Xact Kapitalforvaltning AB now owns 13,009 shares of the industrial products company’s stock valued at $565,000 after purchasing an additional 3,100 shares in the last quarter. 80.64% of the stock is currently owned by hedge funds and other institutional investors.
In other Brady news, SVP Louis T. Bolognini sold 1,000 shares of Brady stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $48.50, for a total transaction of $48,500.00. Following the transaction, the senior vice president now owns 29,208 shares of the company’s stock, valued at approximately $1,416,588. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO J Michael Nauman sold 20,488 shares of Brady stock in a transaction that occurred on Thursday, April 25th. The stock was 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. In the last ninety days, insiders sold 36,410 shares of company stock worth $1,751,667. 15.60% of the stock is owned by insiders.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Wednesday, July 10th will be given a $0.2125 dividend. The ex-dividend date is Tuesday, July 9th. This represents a $0.85 annualized dividend and a yield of 1.76%. Brady’s payout ratio is 41.67%.
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, 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.