Deutsche Bank AG Has $3.80 Million Stake in Belden Inc $BDC

Key Points

• Deutsche Bank AG has reduced its stake in Belden Inc by 7.8%, owning about $3.80 million worth of shares following the sale of 3,209 shares in the first quarter.
• Several firms have increased their holdings in Belden, with institutional investors currently owning 98.75% of the stock.
• Analysts have a consensus target price of $136.50 for Belden shares, with recent reports from Benchmark raising their price objective from $130.00 to $145.00.

Deutsche Bank AG lowered its position in shares of Belden Inc (NYSE:BDC - Free Report) by 7.8% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 37,929 shares of the industrial products company's stock after selling 3,209 shares during the quarter. Deutsche Bank AG owned 0.10% of Belden worth $3,802,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BDC. Bank of America Corp DE raised its holdings in shares of Belden by 234.7% in the 4th quarter. Bank of America Corp DE now owns 224,363 shares of the industrial products company's stock worth $25,266,000 after purchasing an additional 157,335 shares in the last quarter. Principal Financial Group Inc. increased its holdings in shares of Belden by 0.6% in the first quarter. Principal Financial Group Inc. now owns 108,615 shares of the industrial products company's stock valued at $10,889,000 after buying an additional 648 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Belden by 34.7% during the 1st quarter. GAMMA Investing LLC now owns 446 shares of the industrial products company's stock valued at $45,000 after acquiring an additional 115 shares during the last quarter. Novem Group acquired a new stake in shares of Belden during the 1st quarter valued at $454,000. Finally, Lighthouse Investment Partners LLC bought a new stake in shares of Belden during the 4th quarter worth $1,126,000. 98.75% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on BDC shares. Wall Street Zen lowered Belden from a "strong-buy" rating to a "buy" rating in a research report on Sunday, August 3rd. Benchmark raised their target price 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, The Goldman Sachs Group restated a "buy" rating on shares of Belden in a report on Friday, July 11th. Four equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Belden presently has an average rating of "Buy" and an average target price of $136.50.

Insider Activity

In other Belden news, SVP Brian Edward Anderson sold 7,158 shares of the firm'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 value of $934,190.58. Following the sale, the senior vice president owned 39,574 shares of the company's stock, valued at $5,164,802.74. This trade represents a 15.32% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 1.48% of the company's stock.

Belden Stock Up 5.8%

Shares of NYSE:BDC traded up $7.2480 during trading on Friday, reaching $131.4280. 170,195 shares of the company traded hands, compared to its average volume of 282,619. Belden Inc has a 1-year low of $83.18 and a 1-year high of $132.99. The company has a quick ratio of 1.35, a current ratio of 1.99 and a debt-to-equity ratio of 1.03. The firm has a market cap of $5.21 billion, a P/E ratio of 23.79 and a beta of 1.28. The firm has a fifty day simple moving average of $120.78 and a 200 day simple moving average of $110.52.

Belden (NYSE:BDC - Get Free Report) last announced 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 return on equity of 23.29% and a net margin of 8.60%.The business had revenue of $671.99 million during the quarter, compared to analyst estimates of $654.82 million. During the same period last year, the company earned $1.51 earnings per share. 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. Analysts anticipate that Belden Inc will post 7.07 earnings per share for the current fiscal year.

Belden Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 7th. Stockholders of record on Thursday, September 11th will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.2%. Belden's dividend payout ratio (DPR) is 3.62%.

About Belden

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.