According to Zacks, “Brady Corporation is a world leader in complete identification solutions that help companies improve productivity, performance, safety and security. Brady’s products help customers increase safety, security, productivity and performance and include high-performance labels, signs, safety devices, printing systems and software. The Company has a diverse customer base in electronics, telecommunications, manufacturing, electrical, construction, medical, aerospace and a variety of other industries. Brady helps identify people and enhance security by ensuring the right persons are in the right places at the right time. Brady helps customers create and maintain safer work environments and comply with regulatory standards. Brady high-performance materials clearly identify products, components and other assets, even in the most extreme conditions. “
Other analysts have also issued reports about the company. Wells Fargo & Co set a $45.00 target price on Brady and gave the company a “hold” rating in a research note on Friday, July 12th. ValuEngine lowered Brady from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $46.25.
Brady (NYSE:BRC) last released its quarterly earnings data on Thursday, May 23rd. The industrial products company reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.09. Brady had a return on equity of 15.85% and a net margin of 11.15%. The firm had revenue of $289.75 million during the quarter, compared to analyst estimates of $292.66 million. During the same period in the prior year, the company posted $0.49 earnings per share. The business’s revenue for the quarter was down 2.9% compared to the same quarter last year. Research analysts expect that Brady will post 2.4 earnings per share for the current year.
In related news, SVP Louis T. Bolognini sold 7,424 shares of the firm’s stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $47.75, for a total value of $354,496.00. Following the transaction, the senior vice president now owns 34,264 shares in the company, valued at $1,636,106. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Louis T. Bolognini sold 9,288 shares of the firm’s stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $51.08, for a total value of $474,431.04. Following the completion of the transaction, the senior vice president now owns 31,484 shares in the company, valued at approximately $1,608,202.72. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 42,367 shares of company stock valued at $2,074,875. 15.60% of the stock is currently owned by corporate insiders.
Institutional investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP raised its holdings in shares of Brady by 0.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,824,565 shares of the industrial products company’s stock worth $79,294,000 after buying an additional 6,243 shares in the last quarter. Bank of America Corp DE raised its holdings in shares of Brady by 3.1% during the 4th quarter. Bank of America Corp DE now owns 84,101 shares of the industrial products company’s stock worth $3,655,000 after buying an additional 2,498 shares in the last quarter. Geode Capital Management LLC increased its holdings in Brady by 1.7% in the 4th quarter. Geode Capital Management LLC now owns 669,646 shares of the industrial products company’s stock worth $29,102,000 after purchasing an additional 10,883 shares in the last quarter. BNP Paribas Arbitrage SA increased its holdings in Brady by 165.0% in the 1st quarter. BNP Paribas Arbitrage SA now owns 11,226 shares of the industrial products company’s stock worth $521,000 after purchasing an additional 6,989 shares in the last quarter. Finally, Bank of Montreal Can increased its holdings in Brady by 24.1% in the 1st quarter. Bank of Montreal Can now owns 11,835 shares of the industrial products company’s stock worth $549,000 after purchasing an additional 2,300 shares in the last quarter. Institutional investors and hedge funds own 80.39% 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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