Invesco Ltd. Purchases 277,782 Shares of Belden Inc $BDC

Key Points

• Invesco Ltd. increased its stake in Belden Inc by 37.2%, now owning approximately 2.59% of the company with a total value of around $102.7 million.
• Belden's stock received a target price upgrade from Benchmark, raising it to $145.00, while the consensus rating remains a strong "Buy".
• The company reported an EPS of $1.89 for the last quarter, surpassing expectations and marking an 11.2% growth in revenue year-over-year.

Invesco Ltd. lifted its stake in shares of Belden Inc (NYSE:BDC - Free Report) by 37.2% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,024,497 shares of the industrial products company's stock after buying an additional 277,782 shares during the quarter. Invesco Ltd. owned about 2.59% of Belden worth $102,706,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Allspring Global Investments Holdings LLC grew its position in shares of Belden by 0.7% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,043,510 shares of the industrial products company's stock worth $105,478,000 after buying an additional 7,683 shares during the period. Lord Abbett & CO. LLC lifted its holdings in shares of Belden by 0.5% in the 4th quarter. Lord Abbett & CO. LLC now owns 711,784 shares of the industrial products company's stock worth $80,154,000 after purchasing an additional 3,692 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in Belden by 2.8% in the 4th 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 purchasing an additional 18,825 shares during the period. Northern Trust Corp raised its holdings in Belden by 10.2% during the fourth quarter. Northern Trust Corp now owns 633,204 shares of the industrial products company's stock worth $71,305,000 after buying an additional 58,508 shares during the last quarter. Finally, Frontier Capital Management Co. LLC lifted its stake in shares of Belden by 3.9% in the fourth quarter. Frontier Capital Management Co. LLC now owns 457,313 shares of the industrial products company's stock valued at $51,498,000 after buying an additional 17,120 shares in the last quarter. Institutional investors and hedge funds own 98.75% of the company's stock.

Belden Price Performance

BDC traded down $3.02 during midday trading on Wednesday, hitting $123.04. The stock had a trading volume of 97,508 shares, compared to its average volume of 282,211. The company has a market cap of $4.87 billion, a P/E ratio of 22.29 and a beta of 1.28. The business has a fifty day moving average of $120.26 and a 200 day moving average of $110.35. 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 1 year low of $83.18 and a 1 year high of $132.99.

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

Belden Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 9th. Investors of record on Thursday, June 12th were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date was Thursday, June 12th. Belden's dividend payout ratio is currently 3.62%.

Analyst Ratings Changes

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

Insider Activity at Belden

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

Belden Company 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.