Connor Clark & Lunn Investment Management Ltd. Purchases 23,034 Shares of Belden Inc $BDC

Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Belden Inc (NYSE:BDC) by 44.6% during the second quarter, Holdings Channel.com reports. The fund owned 74,713 shares of the industrial products company’s stock after buying an additional 23,034 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in Belden were worth $8,652,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in BDC. Fox Run Management L.L.C. bought a new position in shares of Belden in the second quarter worth about $856,000. Phocas Financial Corp. bought a new position in Belden in the 2nd quarter worth approximately $5,125,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in Belden in the 2nd quarter worth approximately $58,000. Bank of New York Mellon Corp grew its holdings in Belden by 5.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 621,671 shares of the industrial products company’s stock valued at $71,989,000 after buying an additional 31,834 shares in the last quarter. Finally, Kesler Norman & Wride LLC raised its position in shares of Belden by 2.9% during the second quarter. Kesler Norman & Wride LLC now owns 8,122 shares of the industrial products company’s stock valued at $941,000 after buying an additional 228 shares during the last quarter. 98.75% of the stock is currently owned by hedge funds and other institutional investors.

Belden Stock Up 0.0%

Shares of BDC opened at $115.77 on Thursday. The company has a quick ratio of 1.35, a current ratio of 1.99 and a debt-to-equity ratio of 1.03. The business has a fifty day moving average of $121.21 and a 200 day moving average of $118.54. The company has a market cap of $4.55 billion, a PE ratio of 20.97 and a beta of 1.26. Belden Inc has a 52-week low of $83.18 and a 52-week high of $133.77.

Belden (NYSE:BDC) last announced its earnings results on Thursday, October 30th. The industrial products company reported $1.97 earnings per share for the quarter, beating 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 business had revenue of $698.22 million for the quarter, compared to the consensus estimate of $679.61 million. During the same quarter in the prior year, the firm posted $1.70 earnings per share. The business’s revenue for the quarter 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, sell-side analysts expect that Belden Inc will post 7.07 EPS for the current year.

Belden Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 7th. Shareholders of record on Thursday, September 11th were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.2%. The ex-dividend date was Thursday, September 11th. Belden’s payout ratio is 3.55%.

Analyst Upgrades and Downgrades

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

Belden 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.