Chase Investment Counsel Corp Invests $356,000 in Brady Co. (NYSE:BRC)

Chase Investment Counsel Corp acquired a new stake in Brady Co. (NYSE:BRC) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 4,655 shares of the industrial products company’s stock, valued at approximately $356,000.

Several other hedge funds also recently bought and sold shares of BRC. GSA Capital Partners LLP purchased a new position in shares of Brady during the 3rd quarter valued at $645,000. Entropy Technologies LP bought a new stake in Brady during the third quarter valued at $342,000. Atria Investments Inc increased its stake in Brady by 59.3% in the 3rd quarter. Atria Investments Inc now owns 4,831 shares of the industrial products company’s stock worth $370,000 after acquiring an additional 1,798 shares during the last quarter. QRG Capital Management Inc. increased its stake in Brady by 80.3% in the 3rd quarter. QRG Capital Management Inc. now owns 17,847 shares of the industrial products company’s stock worth $1,368,000 after acquiring an additional 7,949 shares during the last quarter. Finally, Fort L.P. purchased a new stake in shares of Brady in the 3rd quarter valued at about $220,000. Hedge funds and other institutional investors own 76.28% of the company’s stock.

Brady Stock Down 0.5 %

BRC opened at $76.41 on Wednesday. The business’s fifty day simple moving average is $74.20 and its 200 day simple moving average is $69.64. Brady Co. has a 52 week low of $52.68 and a 52 week high of $77.68. The company has a quick ratio of 1.69, a current ratio of 2.27 and a debt-to-equity ratio of 0.09. The stock has a market cap of $3.64 billion, a PE ratio of 18.77, a P/E/G ratio of 3.55 and a beta of 0.76.

Brady (NYSE:BRC) last announced its quarterly earnings data on Friday, September 6th. The industrial products company reported $1.19 EPS for the quarter, beating the consensus estimate of $1.11 by $0.08. The firm had revenue of $343.40 million for the quarter, compared to analyst estimates of $351.74 million. Brady had a return on equity of 19.84% and a net margin of 14.70%. The company’s revenue was down .7% on a year-over-year basis. During the same period in the prior year, the company earned $1.04 EPS. As a group, research analysts expect that Brady Co. will post 4.55 earnings per share for the current fiscal year.

Brady Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Thursday, October 10th were given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 1.26%. This is a positive change from Brady’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend was Thursday, October 10th. Brady’s dividend payout ratio (DPR) is presently 23.59%.

Analyst Ratings Changes

Separately, StockNews.com cut shares of Brady from a “strong-buy” rating to a “buy” rating in a research report on Friday, October 11th.

Insiders Place Their Bets

In other Brady news, CEO Russell Shaller sold 12,547 shares of the stock in a transaction on Friday, September 13th. The shares were sold at an average price of $73.08, for a total transaction of $916,934.76. Following the completion of the sale, the chief executive officer now owns 102,905 shares of the company’s stock, valued at $7,520,297.40. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Brady news, COO Thomas F. Debruine sold 2,851 shares of the company’s stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $75.77, for a total value of $216,020.27. Following the completion of the transaction, the chief operating officer now directly owns 9,727 shares in the company, valued at approximately $737,014.79. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Russell Shaller sold 12,547 shares of Brady stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $73.08, for a total transaction of $916,934.76. Following the sale, the chief executive officer now directly owns 102,905 shares in the company, valued at $7,520,297.40. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 45,262 shares of company stock valued at $3,371,231 in the last ninety days. Company insiders own 15.60% of the company’s stock.

About Brady

Brady Corporation manufactures and supplies identification solutions (IDS) and workplace safety (WPS) products to identify and protect premises, products, and people in the United States and internationally. The company offers materials, printing systems, RFID, and bar code scanners for product identification, brand protection labeling, work in process labeling, finished product identification, and industrial track and trace applications; safety signs, floor-marking tapes, pipe markers, labeling systems, spill control products, lockout/tagout device, and software and services for safety compliance auditing, procedure writing, and training; and hand-held printers, wire markers, sleeves, and tags for wire identification.