298,837 Shares in Belden Inc $BDC Purchased by Bank of New York Mellon Corp

Key Points

• Bank of New York Mellon acquired 298,837 Belden shares worth approximately $35.8 million, giving it a 0.76% stake. Institutional investors collectively own 98.75% of the company.
• Analyst sentiment is broadly positive, with an average “Buy” rating and a $160 price target; Zacks Research and Fox Advisors upgraded the stock to “Strong Buy.”
• Belden exceeded quarterly expectations, reporting $2.34 EPS versus the $2.02 consensus and $750.16 million in revenue. The company also declared a quarterly dividend of $0.05 per share, equal to a 0.2% annualized yield.

Bank of New York Mellon Corp bought a new position in Belden Inc (NYSE:BDC - Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The fund bought 298,837 shares of the industrial products company's stock, valued at approximately $35,834,000. Bank of New York Mellon Corp owned 0.76% of Belden as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Millennium Management LLC increased its stake in Belden by 9.6% in the 1st quarter. Millennium Management LLC now owns 78,865 shares of the industrial products company's stock worth $7,906,000 after buying an additional 6,894 shares during the period. United Services Automobile Association purchased a new stake in Belden in the 1st quarter valued at about $264,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Belden by 8.3% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 131,807 shares of the industrial products company's stock worth $13,214,000 after acquiring an additional 10,077 shares in the last quarter. Jane Street Group LLC increased its position in shares of Belden by 18.3% during the first quarter. Jane Street Group LLC now owns 58,028 shares of the industrial products company's stock worth $5,817,000 after acquiring an additional 8,961 shares during the period. Finally, Acadian Asset Management LLC increased its position in shares of Belden by 273.7% during the first quarter. Acadian Asset Management LLC now owns 3,984 shares of the industrial products company's stock worth $399,000 after acquiring an additional 2,918 shares during the period. Hedge funds and other institutional investors own 98.75% of the company's stock.

Wall Street Analysts Forecast Growth

BDC has been the subject of several recent research reports. Zacks Research upgraded shares of Belden from a "hold" rating to a "strong-buy" rating in a report on Tuesday, August 4th. Weiss Ratings lowered shares of Belden from a "hold (c+)" rating to a "hold (c)" rating in a report on Wednesday, July 29th. Wall Street Zen downgraded shares of Belden from a "strong-buy" rating to a "buy" rating in a research note on Saturday. Fox Advisors upgraded Belden from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 9th. Finally, Citigroup initiated coverage on Belden in a research report on Friday, June 26th. They set a "buy" rating and a $150.00 target price on the stock. Two 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. According to data from MarketBeat, the stock currently has an average rating of "Buy" and an average price target of $160.00.

Belden Stock Performance

NYSE BDC opened at $115.30 on Friday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.49 and a current ratio of 2.14. The firm has a market capitalization of $4.51 billion, a P/E ratio of 18.75 and a beta of 1.13. The stock has a 50-day simple moving average of $117.11 and a two-hundred day simple moving average of $120.32. Belden Inc has a fifty-two week low of $98.00 and a fifty-two week high of $159.99.

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

Belden Announces Dividend

The firm 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 $0.05 dividend. The ex-dividend date is Wednesday, September 16th. This represents a $0.20 dividend on an annualized basis and a yield of 0.2%. Belden's dividend payout ratio is presently 3.25%.

Belden 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.

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