November 28, 2016 - By Winifred Garcia
In an electronic report that’s filled with the Washington-based SEC, it was reported that the SRVP & Pres. – Workplace Safety of Brady Corp Thomas Felmer, an insider in question, made an open market sale for 1,901 shares of the public firm, worth near $72,284 USD using an average price-per-share of $38.0 USD. Thomas is trying to decrease his company’s share, same as he did in the last month. He sold another 13,828 shares worth $522,645 USD. Today, he holds 68,827 shares or 0.14% of the Company’s market cap (total dollar market value of all company’s outstanding shares).
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 -32.36% below today’s ($37.7) stock price. Brady Corporation has been the topic of 9 analyst reports since September 11, 2015 according to StockzIntelligence Inc. The stock has “Reduce” rating given by SunTrust on Tuesday, November 3. The firm has “Underperform” rating given on Tuesday, September 15 by Bank of America. The stock of Brady Corp (NYSE:BRC) earned “Underperform” rating by Bank of America on Thursday, September 17. The stock of Brady Corp (NYSE:BRC) earned “Neutral” rating by Bank of America on Friday, September 11. Suntrust Robinson initiated the shares of BRC in a report on Tuesday, November 3 with “Reduce” rating. SunTrust upgraded the stock to “Neutral” rating in Tuesday, September 13 report.
Insitutional Activity: The institutional sentiment increased to 1.25 in 2016 Q2. Its up 0.35, from 0.9 in 2016Q1. The ratio increased, 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.
Jpmorgan Chase And Company last reported 0.02% of its portfolio in the stock. Bryn Mawr Trust reported 113,780 shares or 0.22% of all its holdings. Fifth Third Bank & Trust has 0% invested in the company for 6,050 shares. Profund Advsr Lc accumulated 10,638 shares or 0.02% of the stock. Principal Fincl Group Inc Incorporated accumulated 339,753 shares or 0.01% of the stock. Citadel Advisors Lc accumulated 0% or 86,990 shares. The United Kingdom-based Gsa Capital Prtn Llp has invested 0.05% in Brady Corp (NYSE:BRC). Price T Rowe Associates Md reported 1.85M shares or 0.01% of all its holdings. Chicago Equity Ptnrs Lc has 38,520 shares for 0.03% of their US portfolio. Northern Trust holds 0.01% or 599,007 shares in its portfolio. Teachers Retirement Systems Of The State Of Kentucky accumulated 16,700 shares or 0.01% of the stock. Bnp Paribas Arbitrage holds 15,802 shares or 0% of its portfolio. Alliancebernstein Ltd Partnership accumulated 0% or 71,812 shares. Blackrock Fund accumulated 3.01M shares or 0.02% of the stock. Ubs Asset Americas Inc owns 34,175 shares or 0% of their US portfolio.
Insider Transactions: Since May 31, 2016, the stock had 0 insider buys, and 7 sales for $1.84 million net activity. 9,851 Brady Corp (NYSE:BRC) shares with value of $319,323 were sold by Meyer Paul. 5,000 shares were sold by HARRIS FRANK W, worth $184,574 on Friday, November 18. Felmer Thomas J sold 3,395 shares worth $118,851. 6,378 shares with value of $221,388 were sold by Curran Bentley on Wednesday, September 28.
About 1,009 shares traded hands. Brady Corp (NYSE:BRC) has risen 42.48% since April 25, 2016 and is uptrending. It has outperformed by 36.47% 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 $1.92 billion. The Firm has two divisions: Identification Solutions and Workplace Safety (WPS). It has a 23.07 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 EPS, up 13.33% or $0.04 from last year’s $0.3 per share. BRC’s profit will be $17.32 million for 27.72 P/E if the $0.34 EPS becomes a reality. After $0.44 actual EPS 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: Streetinsider.com, which released: “Form 4 BRADY CORP For: Nov 23 Filed by: Felmer Thomas J” on November 28, 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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