Channing Capital Management LLC Has $53.98 Million Stake in Belden Inc $BDC

Key Points

• Channing Capital Management LLC reduced its stake in Belden Inc by 2.5%, selling 13,904 shares to hold a total of 538,493 shares, valued at approximately $53.98 million.
• Belden reported earnings of $1.89 per share for the last quarter, exceeding estimates by $0.17, with revenue of $671.99 million, representing an increase of 11.2% year-over-year.
• Analysts have mixed ratings on Belden, with Wall Street Zen downgrading it from "strong-buy" to "buy," while Benchmark raised its price target from $130 to $145.

Channing Capital Management LLC lowered its stake in Belden Inc (NYSE:BDC - Free Report) by 2.5% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 538,493 shares of the industrial products company's stock after selling 13,904 shares during the quarter. Channing Capital Management LLC owned about 1.36% of Belden worth $53,984,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Bank of America Corp DE lifted its holdings in Belden by 234.7% during the fourth quarter. Bank of America Corp DE now owns 224,363 shares of the industrial products company's stock worth $25,266,000 after acquiring an additional 157,335 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in Belden by 0.6% during the first 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 in the last quarter. Polen Capital Management LLC lifted its holdings in Belden by 26.8% during the first 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 in the last quarter. Citigroup Inc. lifted its holdings in Belden by 74.0% during the first 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 in the last quarter. Finally, GAMMA Investing LLC lifted its holdings in Belden by 34.7% during the first quarter. GAMMA Investing LLC now owns 446 shares of the industrial products company's stock worth $45,000 after acquiring an additional 115 shares in the last quarter. Institutional investors own 98.75% of the company's stock.

Belden Stock Performance

NYSE:BDC traded down $0.4240 during mid-day trading on Monday, hitting $130.6960. The stock had a trading volume of 273,601 shares, compared to its average volume of 283,502. Belden Inc has a twelve month low of $83.18 and a twelve month high of $132.99. The stock has a market cap of $5.18 billion, a price-to-earnings ratio of 23.68 and a beta of 1.28. The company's 50 day simple moving average is $121.26 and its 200 day simple moving average is $110.56. 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 (NYSE:BDC - Get Free Report) last issued its quarterly earnings data 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. Belden had a net margin of 8.60% and a return on equity of 23.29%. The firm had revenue of $671.99 million during the quarter, compared to the consensus estimate of $654.82 million. During the same period last year, the business posted $1.51 earnings per share. The business's revenue for the quarter was up 11.2% compared to the same quarter last year. Belden has set its Q3 2025 guidance at 1.850-1.950 EPS. On average, equities research analysts forecast that Belden Inc will post 7.07 earnings per share for the current year.

Belden Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 7th. Stockholders of record on Thursday, September 11th will be 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%. Belden's dividend payout ratio is presently 3.62%.

Insider Activity

In other news, SVP Brian Edward Anderson sold 7,158 shares of the business'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 sale, the senior vice president 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 sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.48% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have issued reports on BDC. The Goldman Sachs Group reissued a "buy" rating on shares of Belden in a research note on Friday, July 11th. Benchmark raised their price objective on Belden from $130.00 to $145.00 and gave the company a "buy" rating in a report on Friday, August 1st. Finally, Wall Street Zen cut 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 MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of $136.50.

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.