Foster & Motley Inc. Invests $4.64 Million in Belden Inc $BDC

Foster & Motley Inc. acquired a new stake in Belden Inc (NYSE:BDC) in the 2nd quarter, Holdings Channel reports. The firm acquired 38,732 shares of the industrial products company’s stock, valued at approximately $4,644,000.

A number of other institutional investors also recently modified their holdings of the stock. Caitong International Asset Management Co. Ltd boosted its stake in Belden by 12,950.0% during the third quarter. Caitong International Asset Management Co. Ltd now owns 261 shares of the industrial products company’s stock worth $31,000 after acquiring an additional 259 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in Belden by 134.1% in the second quarter. EverSource Wealth Advisors LLC now owns 288 shares of the industrial products company’s stock valued at $33,000 after purchasing an additional 165 shares in the last quarter. Fairscale Capital LLC bought a new stake in Belden in the fourth quarter valued at $51,000. Smartleaf Asset Management LLC raised its holdings in shares of Belden by 32.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 437 shares of the industrial products company’s stock valued at $52,000 after purchasing an additional 106 shares during the period. Finally, Torren Management LLC acquired a new position in shares of Belden during the fourth quarter valued at about $62,000. Institutional investors and hedge funds own 98.75% of the company’s stock.

Belden Stock Down 6.1%

Belden stock opened at $129.25 on Wednesday. Belden Inc has a 1-year low of $98.00 and a 1-year high of $159.99. The firm has a market capitalization of $5.05 billion, a price-to-earnings ratio of 21.02 and a beta of 1.12. The firm’s fifty day moving average price is $116.53 and its two-hundred day moving average price is $120.62. The company has a current ratio of 2.14, a quick ratio of 1.49 and a debt-to-equity ratio of 0.89.

Belden (NYSE:BDC) last posted its earnings results on Thursday, July 30th. The industrial products company reported $2.34 EPS for the quarter, topping the consensus estimate of $2.02 by $0.32. Belden had a net margin of 8.52% and a return on equity of 25.00%. The company had revenue of $750.16 million during the quarter, compared to the consensus estimate of $746.75 million. During the same period in the previous year, the firm posted $1.89 earnings per share. The firm’s revenue for the quarter was up 11.6% on a year-over-year basis. Belden has set its Q3 2026 guidance at 2.150-2.300 EPS. On average, equities research analysts predict that Belden Inc will post 8.69 earnings per share for the current fiscal year.

Belden Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 8th. Shareholders of record on Wednesday, September 16th will be issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend is Wednesday, September 16th. Belden’s payout ratio is currently 3.25%.

Analyst Ratings Changes

Several brokerages have recently commented on BDC. Zacks Research upgraded Belden from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 4th. Wall Street Zen raised Belden from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 1st. DA Davidson initiated coverage on Belden in a report on Tuesday, June 16th. They issued a “buy” rating and a $155.00 price target on the stock. Truist Financial reissued a “buy” rating and issued a $145.00 price objective (down from $155.00) on shares of Belden in a research note on Friday, July 31st. Finally, Citigroup initiated coverage on Belden in a report on Friday, June 26th. They set a “buy” rating and a $150.00 price objective for the company. Two equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Belden has an average rating of “Buy” and a consensus target price of $156.25.

Belden Company Profile

Belden, formerly Belden Inc (NYSE:BDC), was a global provider of signal transmission solutions for demanding applications. The company produced a wide range of copper and fiber optic cables, connectors, patch panels, cable assemblies, and surge protection devices. Its portfolio extended into networking and security hardware, including managed switches, industrial routers, and software tools for remote monitoring and network management.

Founded in 1902 and headquartered in St. Louis, Missouri, Belden built its reputation on delivering high?performance, reliable products for harsh environments.