Intech Investment Management LLC Grows Position in Belden Inc $BDC

Key Points

• Intech Investment Management LLC increased its holdings in Belden Inc by 22.3% during the first quarter, owning approximately 0.08% of the company, valued at about $3.016 million.
• Belden reported $1.89 earnings per share (EPS) for its last quarter, surpassing analysts' estimates of $1.72, with a revenue of $671.99 million, up 11.2% year-over-year.
• The company announced a quarterly dividend of $0.05 per share, with an ex-dividend date of September 11, highlighting a dividend yield of 0.2%.

Intech Investment Management LLC grew its holdings in Belden Inc (NYSE:BDC - Free Report) by 22.3% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 30,081 shares of the industrial products company's stock after buying an additional 5,487 shares during the period. Intech Investment Management LLC owned approximately 0.08% of Belden worth $3,016,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in BDC. Bank of America Corp DE boosted its stake 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 buying an additional 157,335 shares during the period. Balyasny Asset Management L.P. bought a new stake in shares of Belden in the fourth quarter valued at about $239,000. Cetera Investment Advisers raised its holdings in shares of Belden by 22.2% in the fourth quarter. Cetera Investment Advisers now owns 3,636 shares of the industrial products company's stock valued at $409,000 after acquiring an additional 661 shares in the last quarter. Deutsche Bank AG raised its holdings in Belden by 39.7% in the fourth quarter. Deutsche Bank AG now owns 41,138 shares of the industrial products company's stock worth $4,633,000 after purchasing an additional 11,685 shares in the last quarter. Finally, Lazard Asset Management LLC raised its holdings in Belden by 142.7% in the fourth quarter. Lazard Asset Management LLC now owns 12,830 shares of the industrial products company's stock worth $1,443,000 after purchasing an additional 7,544 shares in the last quarter. 98.75% of the stock is owned by hedge funds and other institutional investors.

Belden Stock Performance

NYSE:BDC traded down $0.33 during midday trading on Friday, hitting $130.44. The company's stock had a trading volume of 617,018 shares, compared to its average volume of 261,202. Belden Inc has a fifty-two week low of $83.18 and a fifty-two week high of $133.77. The firm's 50 day moving average is $126.80 and its 200-day moving average is $113.13. 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 firm has a market cap of $5.17 billion, a P/E ratio of 23.63 and a beta of 1.30.

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 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 for the quarter, compared to the consensus estimate of $654.82 million. During the same quarter in the prior year, the company earned $1.51 EPS. Belden's quarterly revenue was up 11.2% on a year-over-year basis. Belden has set its Q3 2025 guidance at 1.850-1.950 EPS. Equities analysts anticipate that Belden Inc will post 7.07 earnings per share for the current fiscal year.

Belden Dividend Announcement

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

Insiders Place Their Bets

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

Analyst Ratings Changes

Several research firms have recently issued reports on BDC. The Goldman Sachs Group restated a "buy" rating on shares of Belden in a report on Friday, July 11th. Benchmark upped their price objective on shares of 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 downgraded shares of 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, Belden has a consensus 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.