Belden Inc $BDC Shares Sold by KBC Group NV

KBC Group NV decreased its holdings in Belden Inc (NYSE:BDC) by 36.6% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,200 shares of the industrial products company’s stock after selling 694 shares during the quarter. KBC Group NV’s holdings in Belden were worth $139,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Polen Capital Management LLC grew its holdings in shares of Belden by 26.8% in the 1st quarter. Polen Capital Management LLC now owns 30,665 shares of the industrial products company’s stock worth $3,074,000 after acquiring an additional 6,483 shares during the last quarter. Citigroup Inc. boosted its position in shares of Belden by 74.0% in the 1st quarter. Citigroup Inc. now owns 68,015 shares of the industrial products company’s stock valued at $6,819,000 after purchasing an additional 28,936 shares during the period. Summit Financial LLC purchased a new position in Belden in the 1st quarter worth about $231,000. Allspring Global Investments Holdings LLC raised its holdings in Belden by 2.7% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,071,846 shares of the industrial products company’s stock worth $126,328,000 after buying an additional 28,336 shares during the period. Finally, Entropy Technologies LP lifted its stake in Belden by 108.1% during the first quarter. Entropy Technologies LP now owns 4,995 shares of the industrial products company’s stock valued at $501,000 after buying an additional 2,595 shares in the last quarter. Institutional investors own 98.75% of the company’s stock.

Analysts Set New Price Targets

BDC has been the subject of a number of research reports. Wall Street Zen lowered Belden from a “strong-buy” rating to a “buy” rating in a research report on Sunday, August 3rd. Weiss Ratings restated a “hold (c+)” rating on shares of Belden in a report on Wednesday, October 8th. Finally, Benchmark upped their price objective on shares of Belden from $130.00 to $145.00 and gave the company a “buy” rating in a research note on Friday, August 1st. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, Belden has a consensus rating of “Moderate Buy” and a consensus target price of $136.67.

Belden Trading Down 2.5%

Shares of NYSE BDC opened at $106.22 on Friday. The business has a 50 day simple moving average of $118.71 and a 200 day simple moving average of $118.70. Belden Inc has a 52 week low of $83.18 and a 52 week high of $133.77. The stock has a market cap of $4.17 billion, a price-to-earnings ratio of 19.24 and a beta of 1.26. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.35 and a current ratio of 1.99.

Belden (NYSE:BDC) last announced its quarterly earnings results on Thursday, October 30th. The industrial products company reported $1.97 EPS for the quarter, topping the consensus estimate of $1.90 by $0.07. Belden had a net margin of 8.60% and a return on equity of 23.29%. The company had revenue of $698.22 million for the quarter, compared to analyst estimates of $679.61 million. During the same quarter in the prior year, the business posted $1.70 EPS. Belden’s quarterly revenue was up 6.6% on a year-over-year basis. Belden has set its Q4 2025 guidance at 1.900-2.000 EPS. On average, research analysts predict that Belden Inc will post 7.07 earnings per share for the current fiscal year.

Belden Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 8th. Stockholders of record on Thursday, December 11th will be paid a $0.05 dividend. The ex-dividend date is Thursday, December 11th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.2%. Belden’s payout ratio is presently 3.55%.

Belden Company Profile

Belden Inc designs, manufactures, and markets a portfolio of signal transmission solutions for mission critical applications in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. It operates in two segments, Enterprise Solutions and Industrial Automation Solutions. The Enterprise Solutions segment offers copper cable and connectivity solutions, fiber cable and connectivity solutions, interconnect panels, racks and enclosures, and signal extension and matrix switching systems for use in applications, such as local area networks, data centers, access control, 5G, fiber to the home, and building automation.