Russell Investments Group Ltd. Buys 13,917 Shares of Belden Inc $BDC

Key Points

• Russell Investments Group Ltd. increased its stake in Belden Inc by 156.9% during the 1st quarter, holding approximately 0.06% of the company valued at $2.285 million.
• Belden reported earnings of $1.89 per share for the last quarter, exceeding estimates, and anticipates Q3 2025 EPS to be between $1.850-1.950.
• The company declared a quarterly dividend of $0.05 per share, reflecting an annualized yield of 0.2%, with a low payout ratio of 3.62%.

Russell Investments Group Ltd. raised its holdings in Belden Inc (NYSE:BDC - Free Report) by 156.9% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 22,789 shares of the industrial products company's stock after buying an additional 13,917 shares during the period. Russell Investments Group Ltd. owned about 0.06% of Belden worth $2,285,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Allspring Global Investments Holdings LLC raised its stake in Belden by 0.7% in the first quarter. Allspring Global Investments Holdings LLC now owns 1,043,510 shares of the industrial products company's stock valued at $105,478,000 after buying an additional 7,683 shares during the period. Invesco Ltd. raised its stake in Belden by 37.2% in the first quarter. Invesco Ltd. now owns 1,024,497 shares of the industrial products company's stock valued at $102,706,000 after buying an additional 277,782 shares during the period. Price T Rowe Associates Inc. MD raised its stake in Belden by 2.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 695,396 shares of the industrial products company's stock valued at $78,309,000 after buying an additional 18,825 shares during the period. Northern Trust Corp raised its stake in Belden by 10.2% in the fourth quarter. Northern Trust Corp now owns 633,204 shares of the industrial products company's stock valued at $71,305,000 after buying an additional 58,508 shares during the period. Finally, Frontier Capital Management Co. LLC increased its stake in shares of Belden by 3.9% during the fourth quarter. Frontier Capital Management Co. LLC now owns 457,313 shares of the industrial products company's stock worth $51,498,000 after purchasing an additional 17,120 shares during the period. Institutional investors own 98.75% of the company's stock.

Belden Price Performance

NYSE:BDC traded down $2.46 during trading hours on Friday, reaching $130.24. 222,992 shares of the company were exchanged, compared to its average volume of 281,410. The company has a market capitalization of $5.16 billion, a P/E ratio of 23.59 and a beta of 1.30. Belden Inc has a 1-year low of $83.18 and a 1-year high of $133.55. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.99 and a quick ratio of 1.35. The business has a 50 day moving average of $123.48 and a 200 day moving average of $111.19.

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

Belden Announces Dividend

The company also recently disclosed 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. The ex-dividend date of this dividend is Thursday, September 11th. This represents a $0.20 annualized dividend and a dividend yield of 0.2%. Belden's dividend payout ratio (DPR) is 3.62%.

Insider Buying and Selling at Belden

In related news, SVP Brian Edward Anderson sold 7,158 shares of the firm's stock in a transaction 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 sale, the senior vice president owned 39,574 shares of the company's stock, valued at $5,164,802.74. This trade represents a 15.32% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.48% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on BDC shares. Wall Street Zen lowered Belden from a "strong-buy" rating to a "buy" rating in a research note on Sunday, August 3rd. The Goldman Sachs Group reiterated a "buy" rating on shares of Belden in a research note on Friday, July 11th. Finally, Benchmark increased their target price on Belden from $130.00 to $145.00 and gave the stock a "buy" rating in a research note on Friday, August 1st. Four analysts have rated the stock with a Buy rating, According to MarketBeat, Belden has a consensus rating of "Buy" and a consensus target price of $136.50.

Belden Profile

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.