November 23, 2016 - By Adrian Mccoy
Thomas Felmer, SRVP & Pres. – Workplace Safety of Brady Corp, in an insider legal trade made a sale of 8,099 shares whose sum is estimated to be $307,762 at average stock price of $38.0. Thomas is trying to silently decrease his company’s share, same as he did in the last 30 days. He unloaded another 5,729 shares worth $214,883 USD. Published November 23, 2016, you can read more about the sale by accessing the following public document here. At the moment, Thomas Felmer owns 68,827 shares which are equivalent to precisely 0.14% of Brady Corp’s total market capitalization.
Out of 4 analysts covering Brady Corporation (NYSE:BRC), 0 rate it a “Buy”, 2 “Sell”, while 2 “Hold”. This means 0 are positive. $28 is the highest target while $23 is the lowest. The $25.50 average target is -32.89% below today’s ($38) stock price. Brady Corporation has been the topic of 9 analyst reports since September 11, 2015 according to StockzIntelligence Inc. The stock of Brady Corp (NYSE:BRC) earned “Underperform” rating by Bank of America on Thursday, September 17. The stock has “Neutral” rating given by SunTrust on Tuesday, September 13. The stock has “Reduce” rating given by Suntrust Robinson on Tuesday, November 3. As per Tuesday, September 15, the company rating was downgraded by Bank of America. As per Tuesday, November 3, the company rating was initiated by SunTrust. The firm has “Neutral” rating given on Friday, September 11 by Bank of America.
Insitutional Activity: The institutional sentiment increased to 1.25 in 2016 Q2. Its up 0.35, from 0.9 in 2016Q1. The ratio is positive, as 18 funds sold all Brady Corp shares owned while 53 reduced positions. 12 funds bought stakes while 52 increased positions. They now own 37.04 million shares or 5.74% less from 39.29 million shares in 2016Q1.
Louisiana State Employees Retirement last reported 20,700 shares in the company. State Street Corp holds 0% of its portfolio in Brady Corp (NYSE:BRC) for 926,142 shares. Clinton Group owns 17,272 shares or 0.02% of their US portfolio. Morgan Stanley accumulated 375,492 shares or 0% of the stock. Northern Corp has 0.01% invested in the company for 599,007 shares. Convergence Inv Prtnrs Limited Com holds 0.32% or 76,687 shares in its portfolio. Moreover, Millennium Management Limited Co has 0.03% invested in Brady Corp (NYSE:BRC) for 449,842 shares. Parametric Port Assoc Ltd has 0.01% invested in the company for 205,189 shares. The Texas-based Teacher Retirement Sys Of Texas has invested 0% in Brady Corp (NYSE:BRC). Inv Counselors Of Maryland Ltd Co accumulated 1.27% or 757,464 shares. Systematic Financial L P holds 0.03% of its portfolio in Brady Corp (NYSE:BRC) for 60,110 shares. Hbk Invs L P has 18,331 shares for 0% of their US portfolio. Zacks Inv Management holds 70,338 shares or 0.07% of its portfolio. Wells Fargo & Mn owns 689,119 shares or 0.01% of their US portfolio. Fincl Bank Of America De, a North Carolina-based fund reported 24,301 shares.
Insider Transactions: Since May 26, 2016, the stock had 0 buys, and 7 insider sales for $1.63 million net activity. Felmer Thomas J sold $472,889 worth of Brady Corp (NYSE:BRC) on Thursday, September 22. Curran Bentley had sold 6,378 shares worth $221,388 on Wednesday, September 28. $184,574 worth of Brady Corp (NYSE:BRC) was sold by HARRIS FRANK W on Friday, November 18. $319,323 worth of shares were sold by Meyer Paul on Thursday, June 9.
It is down 41.63% since April 21, 2016 and is uptrending. It has outperformed by 36.30% the S&P500.
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 a market cap of $1.96 billion. The Firm has two divisions: Identification Solutions and Workplace Safety (WPS). It has a 23.25 P/E ratio. The IDS segment includes identification and healthcare products, and the WPS segment includes workplace safety and compliance products.
According to Zacks Investment Research, “Brady Corporation is a manufacturer and marketer of identification solutions and specialty coated materials. Their products consist stock and custom items as well as identification systems that are used to create a safer work environment for employees, improve production and operating efficiencies and increase the utilization of assets through tracking and inventory process controls. Major product categories include: industrial identification and data collection products; safety and facility identification products; and original equipment manufacturers components.”
Analysts await Brady Corp (NYSE:BRC) to report earnings on February, 17. They expect $0.34 earnings per share, up 13.33% or $0.04 from last year’s $0.3 per share. BRC’s profit will be $17.56 million for 27.90 P/E if the $0.34 EPS becomes a reality. After $0.44 actual earnings per share reported by Brady Corp for the previous quarter, Wall Street now forecasts -22.73% negative EPS growth.
More news for Brady Corp (NYSE:BRC) were recently published by: Seekingalpha.com, which released: “Brady Corporation’s (BRC) CEO Michael Nauman on Q1 2017 Results – Earnings ..” on November 16, 2016. Biztimes.com‘s article titled: “Brady Corp. improves profits on lower revenue” and published on May 19, 2016 is yet another important article.
Brady Corporation, incorporated on November 7, 1939, is a maker and supplier of identification solutions and workplace safety products that identify and protect premises, products and people. The Firm has two divisions: Identification Solutions (IDS) and Workplace Safety (WPS). The IDS segment includes identification and healthcare products, and the WPS segment includes workplace safety and compliance products.
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By Adrian Mccoy