Allspring Global Investments Holdings LLC Has $91.53 Million Stake in Belden Inc $BDC

Allspring Global Investments Holdings LLC reduced its position in shares of Belden Inc (NYSE:BDC - Free Report) by 11.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 784,931 shares of the industrial products company's stock after selling 99,866 shares during the period. Allspring Global Investments Holdings LLC owned about 2.02% of Belden worth $91,531,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of BDC. Price T Rowe Associates Inc. MD grew its position in Belden by 25.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,225,244 shares of the industrial products company's stock valued at $375,903,000 after purchasing an additional 663,241 shares in the last quarter. Norges Bank bought a new stake in Belden during the fourth quarter worth about $57,296,000. Northwestern Mutual Wealth Management Co. boosted its position in Belden by 238,774.6% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 422,808 shares of the industrial products company's stock valued at $49,278,000 after purchasing an additional 422,631 shares during the last quarter. Fisher Asset Management LLC bought a new position in Belden in the fourth quarter valued at approximately $43,097,000. Finally, Wellington Management Group LLP boosted its holdings in shares of Belden by 15.0% in the 4th quarter. Wellington Management Group LLP now owns 1,685,750 shares of the industrial products company's stock valued at $196,474,000 after buying an additional 219,695 shares during the last quarter. Institutional investors and hedge funds own 98.75% of the company's stock.

Belden Stock Performance

NYSE BDC opened at $101.43 on Friday. The company has a market capitalization of $3.95 billion, a price-to-earnings ratio of 17.08 and a beta of 1.12. Belden Inc has a twelve month low of $98.00 and a twelve month high of $159.99. The stock has a fifty day simple moving average of $110.60 and a 200 day simple moving average of $120.02. The company has a quick ratio of 1.40, a current ratio of 2.09 and a debt-to-equity ratio of 0.98.

Belden (NYSE:BDC - Get Free Report) last announced its earnings results on Thursday, April 30th. The industrial products company reported $1.77 EPS for the quarter, beating the consensus estimate of $1.70 by $0.07. The business had revenue of $696.38 million for the quarter, compared to analysts' expectations of $677.03 million. Belden had a return on equity of 24.47% and a net margin of 8.49%.The firm's revenue was up 11.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.60 earnings per share. Belden has set its Q2 2026 guidance at 1.950-2.050 EPS. Sell-side analysts expect that Belden Inc will post 8.22 EPS for the current year.

Belden Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 9th. Stockholders of record on Tuesday, June 16th were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend was Tuesday, June 16th. Belden's payout ratio is currently 3.37%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Truist Financial raised their target price on shares of Belden from $150.00 to $155.00 and gave the company a "buy" rating in a research note on Thursday, July 2nd. DA Davidson began coverage on Belden in a research note on Tuesday, June 16th. They issued a "buy" rating and a $155.00 price target on the stock. Citigroup started coverage on Belden in a report on Friday, June 26th. They set a "buy" rating and a $150.00 price target for the company. Wall Street Zen downgraded shares of Belden from a "buy" rating to a "hold" rating in a report on Sunday, July 12th. Finally, Weiss Ratings upgraded shares of Belden from a "hold (c)" rating to a "hold (c+)" rating in a research note on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $158.75.

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.

Want to see what other hedge funds are holding BDC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Belden Inc (NYSE:BDC - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.