Belden Inc $BDC Shares Bought by Allspring Global Investments Holdings LLC

Key Points

• Allspring Global Investments has increased its stake in Belden Inc by 2.7%, now owning 2.71% of the company, valued at approximately $126.3 million.
• Belden Inc reported earnings of $1.89 per share for the last quarter, exceeding analysts' expectations, with a revenue increase of 11.2% year-over-year.
• The company has declared a quarterly dividend of $0.05, yielding 0.2% annually, reflecting a payout ratio of 3.62%.

Allspring Global Investments Holdings LLC lifted its stake in Belden Inc (NYSE:BDC - Free Report) by 2.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,071,846 shares of the industrial products company's stock after acquiring an additional 28,336 shares during the period. Allspring Global Investments Holdings LLC owned 2.71% of Belden worth $126,328,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Polen Capital Management LLC lifted its stake in shares of Belden by 26.8% in the 1st quarter. Polen Capital Management LLC now owns 30,665 shares of the industrial products company's stock worth $3,074,000 after acquiring an additional 6,483 shares during the period. Citigroup Inc. lifted its stake in shares of Belden by 74.0% in the 1st quarter. Citigroup Inc. now owns 68,015 shares of the industrial products company's stock worth $6,819,000 after acquiring an additional 28,936 shares during the period. Principal Financial Group Inc. lifted its stake in shares of Belden by 0.6% in the 1st quarter. Principal Financial Group Inc. now owns 108,615 shares of the industrial products company's stock worth $10,889,000 after acquiring an additional 648 shares during the period. Summit Financial LLC acquired a new stake in shares of Belden in the 1st quarter worth approximately $231,000. Finally, GAMMA Investing LLC lifted its stake in shares of Belden by 34.7% in the 1st quarter. GAMMA Investing LLC now owns 446 shares of the industrial products company's stock worth $45,000 after acquiring an additional 115 shares during the period. 98.75% of the stock is owned by institutional investors and hedge funds.

Belden Trading Down 3.8%

Belden stock opened at $109.67 on Monday. Belden Inc has a 12 month low of $83.18 and a 12 month high of $133.77. The company has a quick ratio of 1.35, a current ratio of 1.99 and a debt-to-equity ratio of 1.03. The stock has a market cap of $4.35 billion, a P/E ratio of 19.87 and a beta of 1.26. The company's fifty day simple moving average is $124.94 and its 200-day simple moving average is $115.03.

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 (EPS) for the quarter, beating analysts' consensus estimates of $1.72 by $0.17. Belden had a return on equity of 23.29% and a net margin of 8.60%.The firm had revenue of $671.99 million during the quarter, compared to analysts' expectations of $654.82 million. During the same quarter last year, the firm earned $1.51 earnings per share. The business'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. As a group, sell-side analysts forecast that Belden Inc will post 7.07 EPS for the current fiscal year.

Belden Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 7th. Shareholders of record on Thursday, September 11th were paid a $0.05 dividend. The ex-dividend date was Thursday, September 11th. This represents a $0.20 dividend on an annualized basis and a yield of 0.2%. Belden's payout ratio is 3.62%.

Insider Transactions at Belden

In other Belden news, SVP Brian Edward Anderson sold 7,158 shares of Belden stock in a transaction that occurred on Thursday, July 17th. The shares were sold at an average price of $130.51, for a total value of $934,190.58. Following the completion of the sale, the senior vice president directly owned 39,574 shares in the company, valued at $5,164,802.74. The trade was a 15.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.48% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

BDC has been the topic of a number of research reports. Wall Street Zen downgraded shares of Belden from a "strong-buy" rating to a "buy" rating in a report on Sunday, August 3rd. The Goldman Sachs Group reiterated a "buy" rating on shares of Belden in a report on Friday, July 11th. Weiss Ratings reiterated a "hold (c+)" rating on shares of Belden in a report on Wednesday, October 8th. Finally, Benchmark boosted their target price on shares of Belden from $130.00 to $145.00 and gave the stock a "buy" rating in a report on Friday, August 1st. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $136.50.

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.

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