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

Chase Investment Counsel Corp bought a new stake in shares of Brady Co. (NYSE:BRC) during the third quarter, HoldingsChannel reports. The firm bought 4,655 shares of the industrial products company’s stock, valued at approximately $356,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Raymond James & Associates lifted its holdings in shares of Brady by 0.3% during the second quarter. Raymond James & Associates now owns 46,010 shares of the industrial products company’s stock valued at $3,038,000 after purchasing an additional 144 shares during the last quarter. Andina Capital Management LLC boosted its holdings in Brady by 3.2% in the second quarter. Andina Capital Management LLC now owns 5,531 shares of the industrial products company’s stock worth $365,000 after acquiring an additional 169 shares in the last quarter. Creative Planning increased its holdings in shares of Brady by 1.9% during the third quarter. Creative Planning now owns 10,472 shares of the industrial products company’s stock valued at $802,000 after acquiring an additional 195 shares in the last quarter. Arizona State Retirement System raised its position in shares of Brady by 1.9% in the 2nd quarter. Arizona State Retirement System now owns 12,540 shares of the industrial products company’s stock worth $828,000 after purchasing an additional 230 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. boosted its stake in Brady by 2.0% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 12,729 shares of the industrial products company’s stock worth $840,000 after purchasing an additional 251 shares in the last quarter. 76.28% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Insider Buying and Selling

In other Brady news, COO Thomas F. Debruine sold 2,851 shares of the business’s stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $75.77, for a total transaction of $216,020.27. Following the completion of the sale, the chief operating officer now directly owns 9,727 shares in the company, valued at $737,014.79. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Brady news, CEO Russell Shaller sold 12,547 shares of the company’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $73.08, for a total value of $916,934.76. Following the completion of the sale, the chief executive officer now owns 102,905 shares in the company, valued at $7,520,297.40. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, COO Thomas F. Debruine sold 2,851 shares of Brady stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $75.77, for a total value of $216,020.27. Following the transaction, the chief operating officer now directly owns 9,727 shares in the company, valued at approximately $737,014.79. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 45,262 shares of company stock valued at $3,371,231 over the last 90 days. Company insiders own 15.60% of the company’s stock.

Brady Trading Down 0.5 %

Shares of NYSE:BRC opened at $76.41 on Wednesday. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.27 and a quick ratio of 1.69. Brady Co. has a 1 year low of $52.68 and a 1 year high of $77.68. The company has a market cap of $3.64 billion, a P/E ratio of 18.77, a PEG ratio of 3.55 and a beta of 0.76. The stock’s fifty day moving average price is $74.20 and its 200-day moving average price is $69.64.

Brady (NYSE:BRC) last posted its earnings results on Friday, September 6th. The industrial products company reported $1.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.11 by $0.08. The business had revenue of $343.40 million for the quarter, compared to analysts’ expectations of $351.74 million. Brady had a net margin of 14.70% and a return on equity of 19.84%. The business’s revenue for the quarter was down .7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.04 EPS. Sell-side analysts expect that Brady Co. will post 4.55 earnings per share for the current year.

Brady Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Thursday, October 10th were paid a $0.24 dividend. This is an increase from Brady’s previous quarterly dividend of $0.24. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date of this dividend was Thursday, October 10th. Brady’s dividend payout ratio (DPR) is 23.59%.

Brady Company Profile

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.