Ariel Investments Llc Decreased Brady Corp. (NYSE:BRC) Stake By $15.46 Million

August 12, 2018 - By Robert Shackelford

Brady Corporation (NYSE:BRC) LogoInvestors sentiment increased to 1.47 in Q1 2018. Its up 0.43, from 1.04 in 2017Q4. It is positive, as 11 investors sold BRC shares while 47 reduced holdings. 22 funds opened positions while 63 raised stakes. 38.26 million shares or 1.02% less from 38.66 million shares in 2017Q4 were reported. Bryn Mawr Trust Com reported 142,648 shares. First Quadrant L P Ca reported 13,680 shares. 40 are owned by Parkside Bancorporation &. Glenmede Trust Na has 3,000 shares. Dean Capital Mgmt invested 2.07% of its portfolio in Brady Corporation (NYSE:BRC). Us Natl Bank De reported 744 shares or 0% of all its holdings. Alpha Windward accumulated 13,320 shares. Capital One National Association reported 0.05% in Brady Corporation (NYSE:BRC). Champlain Investment Prtn Ltd Liability reported 548,900 shares or 0.22% of all its holdings. Voya Inv Limited Liability Co owns 20,213 shares or 0% of their US portfolio. 68,300 were reported by Grantham Mayo Van Otterloo And Ltd. Riverhead Capital Ltd Limited Liability Company holds 4,253 shares or 0.01% of its portfolio. National Bank Of Mellon Corporation holds 0.01% of its portfolio in Brady Corporation (NYSE:BRC) for 752,878 shares. Price T Rowe Associates Inc Md invested in 1.13M shares. Prentiss Smith Communication Inc holds 0.04% or 2,000 shares.

Since June 15, 2018, it had 0 buys, and 4 sales for $1.14 million activity. The insider HARRIS FRANK W sold 2,000 shares worth $79,880. On Tuesday, June 26 the insider Curran Bentley sold $546,277. Another trade for 11,667 shares valued at $472,514 was made by Felmer Thomas J on Monday, June 18.

Ariel Investments Llc decreased its stake in Brady Corp. (NYSE:BRC) by 17.9% based on its latest 2018Q2 regulatory filing with the SEC. Ariel Investments Llc sold 406,884 shares as the company’s stock rose 1.30% while stock markets declined. The hedge fund held 1.87 million shares of the miscellaneous manufacturing industries company at the end of 2018Q2, valued at $71.96M, down from 2.27M at the end of the previous reported quarter. Ariel Investments Llc who had been investing in Brady Corp. for a number of months, seems to be less bullish one the $1.93B market cap company. The stock decreased 0.53% or $0.2 during the last trading session, reaching $37.35. About 196,209 shares traded. Brady Corporation (NYSE:BRC) has risen 7.02% since August 13, 2017 and is uptrending. It has underperformed by 5.55% the S&P500.

After working as a stockbroker at William Blair & Company, John W. Roders founded Ariel Investments in 1983. He received the Woodrow Wilson Award in 2008 from Princeton University, the university where he received an AB in Economics. Ariel Investments Llc is a Illinois-based hedge fund that was founded by John W. Rogers. It had more than $8.99 billion assets under management in July, 2014. Taken from Ariel Investments latest Adv, the fund reported to have 60 full and part-time employees. Among which 18 performing investment advisory and research functions. The hedge fund had more than 200 clients.

Brady Corporation (NYSE:BRC) Ratings Coverage

Among 3 analysts covering Brady Corp (NYSE:BRC), 0 have Buy rating, 1 Sell and 2 Hold. Therefore 0 are positive. Brady Corp had 3 analyst reports since February 22, 2018 according to SRatingsIntel. The stock of Brady Corporation (NYSE:BRC) has “Hold” rating given on Thursday, February 22 by SunTrust. The rating was downgraded by Bank of America to “Underperform” on Monday, July 16. The rating was maintained by Robert W. Baird on Thursday, February 22 with “Hold”.

Brady Corporation manufactures and supplies identification solutions and workplace safety (WPS) products to identify and protect premises, products, and people in the United States and internationally. The company has market cap of $1.93 billion. 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. It has a 24.35 P/E ratio. The Company’s products also comprise name tags, badges, lanyards, and access control software for people identification; wristbands and labels for tracking and enhancing the safety of patients in hospitals; and custom wristbands for use in the leisure and entertainment industry, such as theme parks, concerts, and festivals.

Another recent and important Brady Corporation (NYSE:BRC) news was published by Seekingalpha.com which published an article titled: “Dividend Champion Spotlight: Brady Corporation” on August 08, 2018.

Brady Corporation (NYSE:BRC) Institutional Positions Chart

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