Baird Maintains Brady Corp to Neutral with Price Target $34.00

Brokerage firm Baird Maintains its rating on Brady Corp(NYSE:BRC). In a research note issued to the investors, the brokerage major Raises the price-target to $34.00 per share. The shares have been rated Neutral. The rating by Baird was issued on Sep 12, 2016.

Brady Corp (BRC) shares turned negative on Tuesdays trading session with the shares closing down -0.12 points or -0.34% at a volume of 1,41,525. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $35.07. The peak price level was also seen at $35.07 while the days lowest was $34.68. Finally the shares closed at $34.68. The 52-week high of the shares is $36.12 while the 52-week low is $19.415. According to the latest information available, the market cap of the company is $1,752 M.

Brady Corp has also declared a cash dividend of $0.2050 on Sep 8, 2016. The shares will quote ex-dividend on Oct 7, 2016 and the record date has been fixed on Oct 11, 2016. The dividend payable date has been fixed on Oct 31, 2016.

Brady Corp(BRC) last announced its earnings results on Sep 9, 2016 for Fiscal Year 2016 and Q4.Company reported revenue of $282.11M. Analysts had an estimated revenue of $282.08M. Earnings per share were $0.49. Analysts had estimated an EPS of $0.37.

Several Insider Transactions has been reported to the SEC. On Jun 10, 2016, Paul Meyer (VP, Tax & Treasury) sold 9,851 shares at $32.42 per share price.Also, On May 31, 2016, Frank W Harris (director) sold 3,000 shares at $31.86 per share price.On May 26, 2016, Bentley Curran (CIO & VP – Digital Business) sold 7,000 shares at $31.30 per share price, according to the Form-4 filing with the securities and exchange commission.

Brady Corporation is a manufacturer and supplier of identification solutions and workplace safety products that identify and protect premises products and people. The Company has two segments: Identification Solutions (IDS) and Workplace Safety (WPS). The IDS segment includes identification and healthcare products that are manufactured under various brands including the Brady brand and are primarily sold through distribution to a range of maintenance repair and operations (MRO) and original equipment manufacturing (OEM) customers and through other channels including direct sales catalog marketing and digital. Its WPS segment includes workplace safety and compliance products which are sold under various brand names through catalog and digital to a range of MRO customers. It offers products for process industries government education construction automotive aerospace defense electrical contractors and other industries.

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