California State Teachers Retirement System Sells 1,241 Shares of Belden Inc $BDC

Key Points

• California State Teachers Retirement System reduced its Belden stake by 2.7%, selling 1,241 shares and retaining 44,635 shares valued at approximately $5.35 million. Institutional investors collectively own 98.75% of the company.
• Belden reported quarterly earnings of $2.34 per share, surpassing estimates of $2.02, while revenue rose 11.6% year over year to $750.16 million. The company issued third-quarter 2026 EPS guidance of $2.15–$2.30.
• Shares recently traded at $112.73, down 0.6%, while analysts maintained a consensus “Moderate Buy” rating with an average price target of $160. Belden also declared a quarterly dividend of $0.05 per share.

California State Teachers Retirement System lessened its holdings in shares of Belden Inc (NYSE:BDC - Free Report) by 2.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 44,635 shares of the industrial products company's stock after selling 1,241 shares during the period. California State Teachers Retirement System owned about 0.11% of Belden worth $5,352,183 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. TD Waterhouse Canada Inc. acquired a new stake in shares of Belden during the second quarter valued at about $117,000. Nykredit A S acquired a new stake in shares of Belden in the 2nd quarter valued at about $171,000. Kerrisdale Advisers LLC grew its position in Belden by 1,440.9% in the 2nd quarter. Kerrisdale Advisers LLC now owns 143,000 shares of the industrial products company's stock valued at $17,147,000 after buying an additional 133,720 shares in the last quarter. Ancora Advisors LLC acquired a new stake in Belden during the 2nd quarter valued at $27,000. Finally, Susquehanna Fundamental Investments LLC raised its holdings in Belden by 487.2% in the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 85,027 shares of the industrial products company's stock worth $10,196,000 after acquiring an additional 70,547 shares during the period. Hedge funds and other institutional investors own 98.75% of the company's stock.

Belden Stock Down 0.6%

BDC traded down $0.68 during midday trading on Tuesday, hitting $112.73. 268,336 shares of the company's stock traded hands, compared to its average volume of 439,932. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.14 and a quick ratio of 1.49. The company has a market cap of $4.41 billion, a PE ratio of 18.34 and a beta of 1.09. The stock's fifty day simple moving average is $117.05 and its 200-day simple moving average is $117.96. Belden Inc has a one year low of $98.00 and a one year high of $159.99.

Belden (NYSE:BDC - Get Free Report) last announced its quarterly earnings results 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 for the quarter, compared to analysts' expectations of $746.75 million. During the same period last year, the firm posted $1.89 earnings per share. The business's quarterly revenue was up 11.6% compared to the same quarter last year. Belden has set its Q3 2026 guidance at 2.150-2.300 EPS. As a group, equities analysts anticipate that Belden Inc will post 8.69 earnings per share for the current fiscal year.

Belden Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 8th. Stockholders of record on Wednesday, September 16th will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend is Wednesday, September 16th. Belden's dividend payout ratio is presently 3.25%.

Analyst Ratings Changes

Several research firms have commented on BDC. Weiss Ratings upgraded Belden from a "hold (c)" rating to a "hold (c+)" rating in a research note on Thursday, September 3rd. Zacks Research cut shares of Belden from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, September 2nd. DA Davidson boosted their price objective on Belden from $155.00 to $170.00 and gave the company a "buy" rating in a research note on Wednesday, August 19th. Citigroup began coverage on Belden in a research note on Friday, June 26th. They issued a "buy" rating and a $150.00 price objective on the stock. Finally, Wall Street Zen cut Belden from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 29th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, Belden has an average rating of "Moderate Buy" and a consensus target price of $160.00.

Belden Company Profile

Belden Inc NYSE: BDC is a global provider of signal transmission, connectivity and networking solutions. The company designs and manufactures products that help businesses transmit data, video and other signals across enterprise, industrial and broadcast environments.

Its offerings include copper and fiber-optic cable, connectivity components, networking equipment, industrial automation and control products, and solutions for data centers, commercial buildings and industrial facilities.

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