XTX Topco Ltd Makes New $748,000 Investment in Brady Corporation $BRC

XTX Topco Ltd purchased a new stake in Brady Corporation (NYSE:BRC) during the 2nd quarter, HoldingsChannel reports. The firm purchased 11,009 shares of the industrial products company’s stock, valued at approximately $748,000.

Several other institutional investors have also added to or reduced their stakes in the stock. Dynamic Technology Lab Private Ltd purchased a new stake in Brady in the first quarter worth $381,000. Vise Technologies Inc. bought a new stake in shares of Brady during the 2nd quarter valued at $457,000. BTS Asset Management Inc. bought a new stake in shares of Brady during the 2nd quarter valued at $450,000. Envestnet Portfolio Solutions Inc. purchased a new stake in shares of Brady in the 2nd quarter worth about $423,000. Finally, Nordea Investment Management AB increased its stake in shares of Brady by 1.1% in the 2nd quarter. Nordea Investment Management AB now owns 96,609 shares of the industrial products company’s stock worth $6,584,000 after acquiring an additional 1,051 shares in the last quarter. 76.28% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

BRC has been the subject of a number of analyst reports. Wall Street Zen raised shares of Brady from a “hold” rating to a “buy” rating in a research note on Saturday. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Brady in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Strong Buy”.

Brady Trading Down 0.7%

NYSE:BRC opened at $78.19 on Wednesday. The company has a market cap of $3.69 billion, a PE ratio of 19.12 and a beta of 0.69. The company has a current ratio of 2.07, a quick ratio of 1.39 and a debt-to-equity ratio of 0.09. The company has a 50 day simple moving average of $76.53 and a two-hundred day simple moving average of $73.69. Brady Corporation has a 12 month low of $62.70 and a 12 month high of $84.03.

Brady (NYSE:BRC) last issued its quarterly earnings data on Monday, November 17th. The industrial products company reported $1.21 earnings per share for the quarter, topping the consensus estimate of $1.18 by $0.03. The firm had revenue of $405.29 million for the quarter, compared to analysts’ expectations of $393.65 million. Brady had a net margin of 12.74% and a return on equity of 19.06%. The business’s quarterly revenue was up 7.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.12 EPS. Brady has set its FY 2026 guidance at 4.900-5.150 EPS. Research analysts forecast that Brady Corporation will post 4.55 earnings per share for the current year.

Insider Activity

In related news, CEO Russell Shaller sold 23,743 shares of the company’s stock in a transaction on Thursday, September 18th. The shares were sold at an average price of $80.07, for a total value of $1,901,102.01. Following the completion of the transaction, the chief executive officer owned 135,080 shares of the company’s stock, valued at approximately $10,815,855.60. This represents a 14.95% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, General Counsel Andrew Gorman sold 12,528 shares of the company’s stock in a transaction dated Tuesday, November 25th. The stock was sold at an average price of $80.01, for a total value of $1,002,365.28. Following the completion of the transaction, the general counsel directly owned 14,153 shares of the company’s stock, valued at approximately $1,132,381.53. This trade represents a 46.95% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 93,230 shares of company stock valued at $7,276,132. Company insiders own 15.60% of the company’s stock.

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.