Brady Co. (NYSE:BRC) Shares Bought by Chase Investment Counsel Corp

Chase Investment Counsel Corp raised its position in Brady Co. (NYSE:BRC) by 3.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,836 shares of the industrial products company’s stock after purchasing an additional 181 shares during the quarter. Chase Investment Counsel Corp’s holdings in Brady were worth $357,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Point72 DIFC Ltd increased its stake in shares of Brady by 161.4% during the third quarter. Point72 DIFC Ltd now owns 651 shares of the industrial products company’s stock valued at $50,000 after acquiring an additional 402 shares during the period. Principal Securities Inc. increased its stake in shares of Brady by 378.1% during the fourth quarter. Principal Securities Inc. now owns 655 shares of the industrial products company’s stock valued at $48,000 after acquiring an additional 518 shares during the period. Parkside Financial Bank & Trust increased its stake in shares of Brady by 19.1% during the fourth quarter. Parkside Financial Bank & Trust now owns 893 shares of the industrial products company’s stock valued at $66,000 after acquiring an additional 143 shares during the period. KBC Group NV increased its stake in shares of Brady by 84.2% during the fourth quarter. KBC Group NV now owns 1,789 shares of the industrial products company’s stock valued at $132,000 after acquiring an additional 818 shares during the period. Finally, GAMMA Investing LLC increased its stake in shares of Brady by 10.5% during the fourth quarter. GAMMA Investing LLC now owns 1,938 shares of the industrial products company’s stock valued at $143,000 after acquiring an additional 184 shares during the period. Institutional investors and hedge funds own 76.28% of the company’s stock.

Brady Price Performance

NYSE BRC opened at $72.27 on Friday. Brady Co. has a 12 month low of $56.71 and a 12 month high of $77.68. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.84 and a quick ratio of 1.25. The firm has a market capitalization of $3.45 billion, a PE ratio of 17.76 and a beta of 0.76. The company’s 50 day simple moving average is $73.81 and its 200 day simple moving average is $73.94.

Brady (NYSE:BRC) last issued its earnings results on Friday, February 21st. The industrial products company reported $1.00 earnings per share for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.03). The business had revenue of $356.68 million for the quarter, compared to the consensus estimate of $359.21 million. Brady had a return on equity of 19.79% and a net margin of 14.19%. During the same quarter in the previous year, the business posted $0.93 earnings per share. As a group, equities research analysts forecast that Brady Co. will post 4.55 EPS for the current fiscal year.

Brady Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 9th will be issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 1.33%. Brady’s payout ratio is 24.00%.

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.