Jennison Associates LLC Buys Shares of 5,410 Belden Inc $BDC

Jennison Associates LLC bought a new stake in shares of Belden Inc (NYSE:BDC) in the 4th quarter, HoldingsChannel reports. The firm bought 5,410 shares of the industrial products company’s stock, valued at approximately $631,000.

Several other hedge funds have also bought and sold shares of the stock. State of New Jersey Common Pension Fund D lifted its position in Belden by 16.5% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 19,956 shares of the industrial products company’s stock valued at $2,326,000 after purchasing an additional 2,827 shares during the last quarter. Simplicity Wealth LLC bought a new stake in Belden during the fourth quarter valued at approximately $217,000. Torren Management LLC bought a new stake in Belden during the fourth quarter valued at approximately $62,000. M&T Bank Corp bought a new stake in Belden during the fourth quarter valued at approximately $210,000. Finally, Pictet Asset Management Holding SA lifted its position in Belden by 8.6% during the fourth quarter. Pictet Asset Management Holding SA now owns 5,693 shares of the industrial products company’s stock valued at $664,000 after purchasing an additional 453 shares during the last quarter. 98.75% of the stock is currently owned by institutional investors.

Belden Trading Down 2.2%

Shares of BDC opened at $111.63 on Tuesday. The firm has a market cap of $4.35 billion, a price-to-earnings ratio of 18.79 and a beta of 1.18. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.40 and a current ratio of 2.09. Belden Inc has a fifty-two week low of $102.49 and a fifty-two week high of $159.99. The firm has a 50 day moving average price of $125.88 and a 200-day moving average price of $122.40.

Belden (NYSE:BDC) last announced its quarterly earnings data on Thursday, April 30th. The industrial products company reported $1.77 earnings per share for the quarter, topping analysts’ consensus estimates of $1.70 by $0.07. Belden had a net margin of 8.49% and a return on equity of 24.47%. The firm had revenue of $696.38 million during the quarter, compared to analyst estimates of $677.03 million. During the same period in the previous year, the business posted $1.60 EPS. The business’s quarterly revenue was up 11.4% on a year-over-year basis. Belden has set its Q2 2026 guidance at 1.950-2.050 EPS. As a group, equities research analysts forecast that Belden Inc will post 8.22 earnings per share for the current year.

Belden Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 9th. Investors of record on Thursday, March 12th were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend was Thursday, March 12th. Belden’s payout ratio is presently 3.37%.

Insider Buying and Selling at Belden

In related news, SVP Leah Tate sold 2,954 shares of Belden stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of $130.00, for a total value of $384,020.00. Following the transaction, the senior vice president directly owned 24,881 shares of the company’s stock, valued at $3,234,530. The trade was a 10.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Doug Zink sold 1,452 shares of Belden stock in a transaction on Friday, February 6th. The stock was sold at an average price of $133.96, for a total transaction of $194,509.92. Following the completion of the transaction, the chief accounting officer directly owned 4,642 shares in the company, valued at approximately $621,842.32. The trade was a 23.83% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 4,891 shares of company stock worth $639,640. 1.05% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on BDC shares. Wall Street Zen upgraded shares of Belden from a “hold” rating to a “buy” rating in a research report on Saturday, January 17th. Weiss Ratings lowered shares of Belden from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, April 6th. Finally, Benchmark boosted their price objective on shares of Belden from $145.00 to $175.00 and gave the stock a “buy” rating in a report on Friday, February 13th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, Belden has an average rating of “Moderate Buy” and a consensus price target of $162.50.

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.