California State Teachers Retirement System Boosts Stock Holdings in Belden Inc $BDC

Key Points

• California State Teachers Retirement System increased its Belden stake by 22.1% in the first quarter, bringing its holdings to 45,876 shares worth approximately $5.3 million. Institutional investors collectively own 98.75% of the company.
• Belden exceeded quarterly expectations, reporting $2.34 in EPS versus the $2.02 consensus estimate and $750.16 million in revenue, up 11.6% year over year. The company provided third-quarter EPS guidance of $2.15 to $2.30.
• Analyst sentiment is broadly positive, with Belden carrying a consensus “Buy” rating and a $156.25 target price compared with its recent $129.04 share price. The company also pays a quarterly dividend of $0.05 per share, yielding 0.2%.

California State Teachers Retirement System boosted its stake in Belden Inc (NYSE:BDC - Free Report) by 22.1% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 45,876 shares of the industrial products company's stock after purchasing an additional 8,294 shares during the quarter. California State Teachers Retirement System owned about 0.12% of Belden worth $5,268,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Caitong International Asset Management Co. Ltd raised its stake in Belden by 12,950.0% during the third quarter. Caitong International Asset Management Co. Ltd now owns 261 shares of the industrial products company's stock valued at $31,000 after purchasing an additional 259 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in shares of Belden by 134.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 288 shares of the industrial products company's stock valued at $33,000 after purchasing an additional 165 shares during the last quarter. Fairscale Capital LLC bought a new position in Belden during the 4th quarter valued at about $51,000. Smartleaf Asset Management LLC raised its position in Belden by 32.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 437 shares of the industrial products company's stock worth $52,000 after purchasing an additional 106 shares during the period. Finally, Clearstead Advisors LLC raised its position in Belden by 208.1% in the 4th quarter. Clearstead Advisors LLC now owns 530 shares of the industrial products company's stock worth $62,000 after purchasing an additional 358 shares during the period. Institutional investors own 98.75% of the company's stock.

Belden Stock Performance

Shares of Belden stock opened at $129.04 on Friday. The company has a current ratio of 2.14, a quick ratio of 1.49 and a debt-to-equity ratio of 0.89. The stock's fifty day moving average price is $112.18 and its 200-day moving average price is $119.60. The firm has a market cap of $5.04 billion, a P/E ratio of 20.98 and a beta of 1.13. Belden Inc has a 12 month low of $98.00 and a 12 month high of $159.99.

Belden (NYSE:BDC - Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The industrial products company reported $2.34 earnings per share for the quarter, topping analysts' consensus estimates of $2.02 by $0.32. Belden had a net margin of 8.52% and a return on equity of 25.00%. The company had revenue of $750.16 million during the quarter, compared to analyst estimates of $746.75 million. During the same period in the prior year, the firm earned $1.89 earnings per share. The firm's revenue for the quarter was up 11.6% compared to the same quarter last year. Belden has set its Q3 2026 guidance at 2.150-2.300 EPS. On average, equities research analysts expect that Belden Inc will post 8.69 earnings per share for the current fiscal year.

Belden Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, July 9th. Shareholders of record on Tuesday, June 16th were issued a dividend of $0.05 per share. The ex-dividend date was Tuesday, June 16th. This represents a $0.20 dividend on an annualized basis and a yield of 0.2%. Belden's dividend payout ratio is currently 3.25%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Zacks Research upgraded Belden from a "hold" rating to a "strong-buy" rating in a research report on Tuesday. Weiss Ratings downgraded Belden from a "hold (c+)" rating to a "hold (c)" rating in a report on Wednesday, July 29th. Wall Street Zen raised Belden from a "buy" rating to a "strong-buy" rating in a research note on Saturday, August 1st. DA Davidson started coverage on Belden in a research report on Tuesday, June 16th. They issued a "buy" rating and a $155.00 price objective on the stock. Finally, Fox Advisors upgraded Belden from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 9th. Two equities research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, Belden currently has an average rating of "Buy" and a consensus target price of $156.25.

Belden 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.

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