Worth Watching: Brady Corp on Focus After Trading At 52-Week Highs

Worth Watching: Brady Corp on Focus After Trading At 52 Week Highs

The stock of Brady Corp (NYSE:BRC) hit a new 52-week high and has $60.26 target or 62.00% above today’s $37.20 share price. The 7 months bullish chart indicates low risk for the $1.91 billion company. The 1-year high was reported on Nov, 11 by Barchart.com. If the $60.26 price target is reached, the company will be worth $1.18 billion more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 186,252 shares traded hands. Brady Corp (NYSE:BRC) has risen 33.84% since April 11, 2016 and is uptrending. It has outperformed by 27.70% the S&P500.

Brady Corp (NYSE:BRC) Ratings Coverage

Out of 4 analysts covering Brady Corporation (NYSE:BRC), 0 rate it a “Buy”, 2 “Sell”, while 2 “Hold”. This means 0 are positive. Brady Corporation has been the topic of 9 analyst reports since September 11, 2015 according to StockzIntelligence Inc. The company was initiated on Tuesday, November 3 by SunTrust. The firm has “Neutral” rating by Bank of America given on Friday, September 11. As per Tuesday, November 3, the company rating was initiated by Suntrust Robinson. The firm has “Neutral” rating by SunTrust given on Tuesday, September 13. The rating was downgraded by Bank of America on Tuesday, September 15 to “Underperform”. As per Thursday, September 17, the company rating was maintained by Bank of America.

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.”

Insitutional Activity: The institutional sentiment decreased to 0.9 in 2016 Q2. Its down 0.62, from 1.52 in 2016Q1. The ratio fall, 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.
Texas Permanent School Fund has invested 0.01% of its portfolio in Brady Corp (NYSE:BRC). Bancorporation Of Montreal Can last reported 10,620 shares in the company. Bancshares Of America Corporation De holds 0% of its portfolio in Brady Corp (NYSE:BRC) for 24,301 shares. Aqr Cap Mngmt Limited Liability Company accumulated 0.01% or 160,759 shares. Morgan Stanley last reported 0% of its portfolio in the stock. Qs Limited Liability accumulated 0% or 11 shares. Systematic Finance Ltd Partnership has invested 0.03% of its portfolio in Brady Corp (NYSE:BRC). Bryn Mawr has 113,780 shares for 0.22% of their US portfolio. Prudential Finance accumulated 0.01% or 153,682 shares. Alliancebernstein Ltd Partnership has 71,812 shares for 0% of their US portfolio. Credit Suisse Ag accumulated 102,318 shares or 0% of the stock. Sei Invs last reported 0% of its portfolio in the stock. Moreover, Teachers Advisors has 0% invested in Brady Corp (NYSE:BRC) for 74,522 shares. Schwab Charles Invest Management last reported 264,902 shares in the company. Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Investment Mngmt reported 18,000 shares or 0.01% of all its holdings.

Insider Transactions: Since May 26, 2016, the stock had 0 insider buys, and 6 selling transactions for $1.45 million net activity. Another trade for 9,851 shares valued at $319,323 was made by Meyer Paul on Thursday, June 9. Another trade for 13,431 shares valued at $472,889 was made by Felmer Thomas J on Thursday, September 22. Curran Bentley also sold $219,064 worth of Brady Corp (NYSE:BRC) shares. 3,000 shares with value of $95,567 were sold by HARRIS FRANK W on Tuesday, May 31.

More notable recent Brady Corp (NYSE:BRC) news were published by: Jsonline.com which released: “Brady Corp. nets $25 million” on September 09, 2016, also Businesswire.com with their article: “Brady Corporation elects Board of Directors and declares regular dividend to …” published on November 09, 2016, Biztimes.com published: “Brady Corp. improves profits on lower revenue” on May 19, 2016. More interesting news about Brady Corp (NYSE:BRC) were released by: Streetinsider.com and their article: “Form 8-K BRADY CORP For: Nov 09” published on November 10, 2016 as well as Streetinsider.com‘s news article titled: “Form 4 BRADY CORP For: Nov 09 Filed by: Thornton Ann” with publication date: November 10, 2016.

BRC Company Profile

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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