Belden Inc $BDC Shares Sold by Dimensional Fund Advisors LP

Key Points

• Dimensional Fund Advisors LP reduced its stake in Belden Inc. by 9.8% during Q1, now owning approximately 2.92% of the company, equivalent to $115.42 million.
• Belden reported strong Q2 earnings with an EPS of $1.89, beating analyst expectations of $1.72, and revenues rose 11.2% year-over-year.
• The company declared a quarterly dividend of $0.05 per share, representing an annualized dividend yield of 0.2%, to be paid on October 7th.

Dimensional Fund Advisors LP reduced its holdings in Belden Inc (NYSE:BDC - Free Report) by 9.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,151,387 shares of the industrial products company's stock after selling 124,957 shares during the period. Dimensional Fund Advisors LP owned about 2.92% of Belden worth $115,424,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in BDC. Opal Wealth Advisors LLC purchased a new stake in shares of Belden in the 1st quarter valued at $35,000. Quarry LP boosted its holdings in Belden by 208.7% during the fourth quarter. Quarry LP now owns 392 shares of the industrial products company's stock worth $44,000 after buying an additional 265 shares in the last quarter. GAMMA Investing LLC boosted 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 buying an additional 115 shares in the last quarter. Banque Cantonale Vaudoise purchased a new stake in Belden during the first quarter worth $47,000. Finally, Public Employees Retirement System of Ohio purchased a new stake in Belden during the fourth quarter worth $61,000. 98.75% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Belden

In other 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 value of $934,190.58. Following the completion of the sale, the senior vice president directly owned 39,574 shares in the company, valued at $5,164,802.74. This represents a 15.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.48% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

BDC has been the topic of a number of recent analyst reports. The Goldman Sachs Group reissued a "buy" rating on shares of Belden in a report on Friday, July 11th. Benchmark increased their price target 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, Wall Street Zen downgraded shares of Belden from a "strong-buy" rating to a "buy" rating in a report on Sunday, August 3rd. Four analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of $136.50.

Belden Price Performance

Shares of NYSE BDC traded down $0.15 during mid-day trading on Thursday, reaching $132.74. The company's stock had a trading volume of 236,989 shares, compared to its average volume of 324,823. The stock has a 50-day moving average of $123.07 and a two-hundred day moving average of $111.10. The stock has a market capitalization of $5.26 billion, a P/E ratio of 24.05 and a beta of 1.28. 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 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 earnings results on Thursday, July 31st. The industrial products company reported $1.89 EPS for the quarter, beating analysts' consensus estimates of $1.72 by $0.17. The business had revenue of $671.99 million during the quarter, compared to analysts' expectations of $654.82 million. Belden had a net margin of 8.60% and a return on equity of 23.29%. The company's quarterly revenue was up 11.2% compared to the same quarter last year. During the same period in the prior year, the business earned $1.51 earnings per share. Belden has set its Q3 2025 guidance at 1.850-1.950 EPS. On average, equities research analysts anticipate that Belden Inc will post 7.07 EPS for the current fiscal year.

Belden Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 7th. Stockholders of record on Thursday, September 11th will be given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date is Thursday, September 11th. Belden's dividend payout ratio is 3.62%.

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.