Advisors Asset Management Inc. Has $1.13 Million Position in Belden Inc $BDC

Advisors Asset Management Inc. raised its stake in shares of Belden Inc (NYSE:BDC - Free Report) by 22.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,222 shares of the industrial products company's stock after purchasing an additional 2,081 shares during the period. Advisors Asset Management Inc.'s holdings in Belden were worth $1,125,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of BDC. BNP Paribas Financial Markets grew its position in shares of Belden by 55.4% during the 4th quarter. BNP Paribas Financial Markets now owns 23,646 shares of the industrial products company's stock valued at $2,663,000 after acquiring an additional 8,429 shares during the period. Bank of America Corp DE increased its holdings in Belden by 234.7% in the fourth quarter. Bank of America Corp DE now owns 224,363 shares of the industrial products company's stock valued at $25,266,000 after buying an additional 157,335 shares in the last quarter. Baird Financial Group Inc. boosted its position in Belden by 4.9% during the fourth quarter. Baird Financial Group Inc. now owns 2,802 shares of the industrial products company's stock worth $316,000 after acquiring an additional 130 shares during the last quarter. Balyasny Asset Management L.P. purchased a new position in Belden during the fourth quarter worth approximately $239,000. Finally, Cetera Investment Advisers raised its stake in shares of Belden by 22.2% in the 4th quarter. Cetera Investment Advisers now owns 3,636 shares of the industrial products company's stock valued at $409,000 after acquiring an additional 661 shares during the period. Institutional investors own 98.75% of the company's stock.

Analyst Ratings Changes

Several research firms recently issued reports on BDC. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Belden in a research note on Friday, July 11th. Benchmark lifted their target price on shares of Belden from $130.00 to $145.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. Finally, Wall Street Zen downgraded shares of Belden from a "strong-buy" rating to a "buy" rating in a research report on Sunday, August 3rd. Four investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of $136.50.

Insider Activity at Belden

In related news, SVP Brian Edward Anderson sold 7,158 shares of Belden stock in a transaction that occurred on Thursday, July 17th. The stock was sold at an average price of $130.51, for a total transaction of $934,190.58. Following the completion of the sale, the senior vice president directly owned 39,574 shares of the company's stock, valued at approximately $5,164,802.74. This trade represents a 15.32% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.48% of the stock is currently owned by corporate insiders.

Belden Trading Up 1.4%

Shares of NYSE:BDC traded up $1.76 during trading on Wednesday, hitting $129.75. 276,295 shares of the company's stock were exchanged, compared to its average volume of 267,999. The firm has a 50-day moving average price of $125.55 and a two-hundred day moving average price of $112.05. Belden Inc has a 1-year low of $83.18 and a 1-year high of $133.55. The firm has a market cap of $5.14 billion, a P/E ratio of 23.51 and a beta of 1.30. The company has a current ratio of 1.99, a quick ratio of 1.35 and a debt-to-equity ratio of 1.03.

Belden (NYSE:BDC - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The industrial products company reported $1.89 earnings per share for the quarter, beating analysts' consensus estimates of $1.72 by $0.17. The firm had revenue of $671.99 million for the quarter, compared to analyst estimates of $654.82 million. Belden had a net margin of 8.60% and a return on equity of 23.29%. The business's revenue was up 11.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.51 earnings per share. Belden has set its Q3 2025 guidance at 1.850-1.950 EPS. Equities analysts predict that Belden Inc will post 7.07 earnings per share for the current year.

Belden Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 7th. Investors of record on Thursday, September 11th 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 is Thursday, September 11th. Belden's payout ratio is presently 3.62%.

About Belden

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.