Raymond James Financial Inc. Decreases Position in Belden Inc $BDC

Key Points

• Raymond James Financial Inc. reduced its stake in Belden Inc by 22.2%, owning approximately 43,526 shares valued at $4.36 million after selling 12,431 shares in the first quarter.
• Belden reported a Q2 earnings per share of $1.89, exceeding estimates and reflecting an 11.2% year-over-year revenue increase; the company set guidance for Q3 2025 at 1.850-1.950 EPS.
• The firm announced a quarterly dividend of $0.05 per share, with an annual yield of 0.2%, set to be paid on October 7th.

Raymond James Financial Inc. lessened its position in shares of Belden Inc (NYSE:BDC - Free Report) by 22.2% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 43,526 shares of the industrial products company's stock after selling 12,431 shares during the quarter. Raymond James Financial Inc. owned approximately 0.11% of Belden worth $4,364,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in BDC. Jane Street Group LLC increased its holdings in shares of Belden by 111.2% in the fourth quarter. Jane Street Group LLC now owns 49,067 shares of the industrial products company's stock valued at $5,525,000 after purchasing an additional 25,838 shares during the last quarter. BNP Paribas Financial Markets boosted its stake in Belden by 55.4% in the fourth 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 in the last quarter. Bank of America Corp DE grew its position in Belden by 234.7% during the 4th quarter. Bank of America Corp DE now owns 224,363 shares of the industrial products company's stock worth $25,266,000 after purchasing an additional 157,335 shares during the last quarter. Baird Financial Group Inc. lifted its stake in shares of Belden by 4.9% in the 4th 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 period. Finally, Balyasny Asset Management L.P. acquired a new stake in shares of Belden in the 4th quarter valued at approximately $239,000. 98.75% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

BDC has been the subject of a number of analyst reports. The Goldman Sachs Group reissued a "buy" rating on shares of Belden in a report on Friday, July 11th. Benchmark upped their price target 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 cut Belden from a "strong-buy" rating to a "buy" rating in a research note on Sunday, August 3rd. Four analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of $136.50.

Insider Buying and Selling

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 transaction, the senior vice president owned 39,574 shares of the company's stock, valued at $5,164,802.74. The trade was a 15.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 1.48% of the company's stock.

Belden Price Performance

BDC traded up $2.84 during midday trading on Thursday, hitting $132.72. The company had a trading volume of 26,904 shares, compared to its average volume of 282,785. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.35 and a current ratio of 1.99. Belden Inc has a twelve month low of $83.18 and a twelve month high of $133.55. The company has a market capitalization of $5.26 billion, a PE ratio of 24.05 and a beta of 1.30. The firm's 50-day simple moving average is $125.55 and its 200-day simple moving average is $112.05.

Belden (NYSE:BDC - Get Free Report) last announced its earnings results on Thursday, July 31st. The industrial products company reported $1.89 earnings per share for the quarter, topping analysts' consensus estimates of $1.72 by $0.17. The firm had revenue of $671.99 million during 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 company's revenue for the quarter was up 11.2% compared to the same quarter last year. During the same period in the prior year, the business earned $1.51 EPS. Belden has set its Q3 2025 guidance at 1.850-1.950 EPS. Equities research analysts predict that Belden Inc will post 7.07 EPS for the current fiscal year.

Belden Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 7th. Shareholders of record on Thursday, September 11th will be issued a dividend of $0.05 per share. The ex-dividend date is Thursday, September 11th. This represents a $0.20 annualized dividend and a yield of 0.2%. Belden's dividend payout ratio (DPR) is presently 3.62%.

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.