Comerica Bank Sells 6,118 Shares of Belden Inc $BDC

Key Points

• Comerica Bank reduced its stake in Belden Inc by 21.5%, selling 6,118 shares and retaining 22,336 shares worth approximately $2.24 million.
• Belden reported an earnings per share (EPS) of $1.89 for the latest quarter, exceeding the expected $1.72, with a revenue of $671.99 million, up 11.2% from the prior year.
• The company recently announced a quarterly dividend of $0.05 per share, representing a 0.2% yield, with the payment scheduled for October 7th.

Comerica Bank trimmed its stake in Belden Inc (NYSE:BDC - Free Report) by 21.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 22,336 shares of the industrial products company's stock after selling 6,118 shares during the period. Comerica Bank owned 0.06% of Belden worth $2,239,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of BDC. Opal Wealth Advisors LLC purchased a new stake in shares of Belden in the 1st quarter worth about $35,000. GAMMA Investing LLC lifted its position in shares of Belden by 34.7% in the 1st quarter. GAMMA Investing LLC now owns 446 shares of the industrial products company's stock worth $45,000 after purchasing an additional 115 shares during the period. Banque Cantonale Vaudoise purchased a new stake in shares of Belden in the 1st quarter worth about $47,000. Public Employees Retirement System of Ohio purchased a new stake in shares of Belden in the 4th quarter worth about $61,000. Finally, Covestor Ltd lifted its position in shares of Belden by 23.5% in the 1st quarter. Covestor Ltd now owns 636 shares of the industrial products company's stock worth $64,000 after purchasing an additional 121 shares during the period. 98.75% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, SVP Brian Edward Anderson sold 7,158 shares of the stock in a transaction dated Thursday, July 17th. The shares were sold at an average price of $130.51, for a total transaction of $934,190.58. Following the sale, the senior vice president directly owned 39,574 shares of the company's stock, valued at approximately $5,164,802.74. This represents a 15.32% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 1.48% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on BDC. Wall Street Zen cut shares of Belden from a "strong-buy" rating to a "buy" rating in a research report on Sunday, August 3rd. Benchmark increased their price target on shares of Belden from $130.00 to $145.00 and gave the stock a "buy" rating in a research note on Friday, August 1st. Finally, The Goldman Sachs Group reiterated a "buy" rating on shares of Belden in a research note on Friday, July 11th. Four research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of $136.50.

Belden Stock Down 1.9%

Shares of Belden stock opened at $130.24 on Tuesday. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.99 and a quick ratio of 1.35. The company has a 50-day moving average of $123.84 and a 200 day moving average of $111.29. The firm has a market cap of $5.16 billion, a price-to-earnings ratio of 23.59 and a beta of 1.30. Belden Inc has a 1 year low of $83.18 and a 1 year high of $133.55.

Belden (NYSE:BDC - Get Free Report) last issued its quarterly 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. Belden had a net margin of 8.60% and a return on equity of 23.29%. The company had revenue of $671.99 million during the quarter, compared to analyst estimates of $654.82 million. During the same period last year, the business earned $1.51 EPS. Belden's quarterly revenue was up 11.2% compared to the same quarter last year. Belden has set its Q3 2025 guidance at 1.850-1.950 EPS. As a group, sell-side analysts anticipate that Belden Inc will post 7.07 earnings per share for the current fiscal year.

Belden Dividend Announcement

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

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.

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