Brady (BRC) Cut to Hold at ValuEngine

ValuEngine cut shares of Brady (NYSE:BRC) from a buy rating to a hold rating in a research report report published on Wednesday morning, ValuEngine reports.

BRC has been the topic of several other reports. Zacks Investment Research cut Brady from a buy rating to a hold rating in a report on Monday, April 29th. Northcoast Research reiterated a buy rating on shares of Brady in a report on Wednesday, February 13th. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock. The company has an average rating of Hold and a consensus price target of $46.00.

Shares of NYSE:BRC traded up $0.46 during trading on Wednesday, reaching $47.55. 438 shares of the company’s stock traded hands, compared to its average volume of 363,541. Brady has a fifty-two week low of $36.00 and a fifty-two week high of $50.12. The company has a quick ratio of 2.34, a current ratio of 3.06 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $2.50 billion, a PE ratio of 23.30, a price-to-earnings-growth ratio of 2.74 and a beta of 0.98.

Brady (NYSE:BRC) last posted its earnings results on Thursday, February 21st. The industrial products company reported $0.55 EPS for the quarter, beating the Zacks’ consensus estimate of $0.52 by $0.03. Brady had a return on equity of 15.17% and a net margin of 10.31%. The firm had revenue of $282.40 million for the quarter, compared to analysts’ expectations of $285.50 million. During the same period last year, the firm earned $0.48 EPS. The company’s quarterly revenue was down 1.9% on a year-over-year basis. Sell-side analysts expect that Brady will post 2.31 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Tuesday, April 9th were paid a $0.2125 dividend. This represents a $0.85 dividend on an annualized basis and a yield of 1.79%. The ex-dividend date of this dividend was Monday, April 8th. Brady’s dividend payout ratio (DPR) is 41.67%.

In other Brady news, VP Bentley Curran sold 21,814 shares of the firm’s stock in a transaction that occurred on Monday, February 25th. The shares were sold at an average price of $47.52, for a total value of $1,036,601.28. Following the transaction, the vice president now directly owns 39,828 shares of the company’s stock, valued at approximately $1,892,626.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Helena Regina Nelligan sold 10,275 shares of the firm’s stock in a transaction that occurred on Tuesday, February 26th. The stock was sold at an average price of $48.24, for a total transaction of $495,666.00. The disclosure for this sale can be found here. Insiders sold a total of 99,779 shares of company stock worth $4,753,943 over the last three months. Corporate insiders own 15.60% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Quadrant Capital Group LLC raised its position in shares of Brady by 107.7% during the 1st quarter. Quadrant Capital Group LLC now owns 920 shares of the industrial products company’s stock valued at $42,000 after buying an additional 477 shares during the period. PNC Financial Services Group Inc. raised its position in shares of Brady by 44.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,595 shares of the industrial products company’s stock valued at $113,000 after buying an additional 793 shares during the period. Advisor Group Inc. raised its position in shares of Brady by 45.1% during the 4th quarter. Advisor Group Inc. now owns 2,717 shares of the industrial products company’s stock valued at $118,000 after buying an additional 845 shares during the period. C M Bidwell & Associates Ltd. raised its position in shares of Brady by 73.1% during the 1st quarter. C M Bidwell & Associates Ltd. now owns 3,965 shares of the industrial products company’s stock valued at $184,000 after buying an additional 1,675 shares during the period. Finally, Magnus Financial Group LLC purchased a new stake in shares of Brady during the 1st quarter valued at approximately $207,000. 78.99% of the stock is currently owned by institutional investors and hedge funds.

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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