Intech Investment Management LLC Raises 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 raised its holdings in Belden Inc (NYSE:BDC - Free Report) by 22.3% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm 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 SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Bank of America Corp DE grew its stake in shares of 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 purchasing an additional 157,335 shares in the last quarter. Principal Financial Group Inc. grew its stake in shares of 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 purchasing an additional 648 shares in the last quarter. Polen Capital Management LLC grew its stake in shares of 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 purchasing an additional 6,483 shares in the last quarter. Citigroup Inc. grew its stake in shares of 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 purchasing an additional 28,936 shares in the last quarter. Finally, Summit Financial LLC acquired a new position in shares of Belden during the first quarter worth $231,000. Institutional investors and hedge funds own 98.75% of the company's stock.

Belden Trading Down 2.1%

Shares of Belden stock opened at $130.63 on Monday. Belden Inc has a 52-week low of $83.18 and a 52-week high of $133.74. 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 company's 50-day simple moving average is $125.97 and its 200-day simple moving average is $112.40. The firm has a market cap of $5.18 billion, a price-to-earnings ratio of 23.67 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 (EPS) for the quarter, topping analysts' consensus estimates of $1.72 by $0.17. Belden had a net margin of 8.60% and a return on equity of 23.29%. The business had revenue of $671.99 million for the quarter, compared to analyst estimates of $654.82 million. During the same period in the previous year, the business posted $1.51 earnings per share. The business's 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, equities research analysts anticipate that Belden Inc will post 7.07 earnings per share for the current year.

Belden Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 7th. Shareholders 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 is Thursday, September 11th. Belden's dividend payout ratio is presently 3.62%.

Insiders Place Their Bets

In other Belden news, SVP Brian Edward Anderson sold 7,158 shares of the company's 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 transaction, the senior vice president directly owned 39,574 shares in the company, valued at approximately $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 SEC, which can be accessed through this link. Insiders own 1.48% of the company's stock.

Wall Street Analysts Forecast Growth

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

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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