Kerrisdale Advisers LLC Buys 133,720 Shares of Belden Inc $BDC

Key Points

• Kerrisdale Advisers increased its Belden stake by 1,440.9% in the second quarter, purchasing 133,720 additional shares for a total of 143,000 shares valued at approximately $17.1 million.
• Analyst sentiment remains favorable, with Belden holding a consensus “Buy” rating and a $160 price target; DA Davidson raised its target to $170, while Zacks Research and Fox Advisors upgraded the stock to “Strong Buy.”
• Belden exceeded quarterly earnings expectations, reporting $2.34 in EPS versus the $2.02 consensus and 11.6% year-over-year revenue growth. The company also declared a quarterly dividend of $0.05 per share.

Kerrisdale Advisers LLC boosted its stake in Belden Inc (NYSE:BDC - Free Report) by 1,440.9% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 143,000 shares of the industrial products company's stock after buying an additional 133,720 shares during the quarter. Belden makes up about 4.3% of Kerrisdale Advisers LLC's holdings, making the stock its 3rd biggest position. Kerrisdale Advisers LLC owned approximately 0.37% of Belden worth $17,147,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Crossmark Global Holdings Inc. boosted its position in Belden by 4.6% during the third quarter. Crossmark Global Holdings Inc. now owns 2,290 shares of the industrial products company's stock valued at $275,000 after purchasing an additional 100 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in shares of Belden by 10.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,127 shares of the industrial products company's stock worth $129,000 after purchasing an additional 102 shares in the last quarter. Smartleaf Asset Management LLC lifted its holdings in shares of Belden by 32.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 437 shares of the industrial products company's stock valued at $52,000 after buying an additional 106 shares during the last quarter. Captrust Financial Advisors lifted its holdings in shares of Belden by 3.8% during the 2nd quarter. Captrust Financial Advisors now owns 3,904 shares of the industrial products company's stock valued at $452,000 after buying an additional 142 shares during the last quarter. Finally, Vise Technologies Inc. grew its stake in shares of Belden by 2.1% in the 3rd quarter. Vise Technologies Inc. now owns 7,058 shares of the industrial products company's stock valued at $849,000 after buying an additional 144 shares in the last quarter. Institutional investors and hedge funds own 98.75% of the company's stock.

Analysts Set New Price Targets

A number of research firms have issued reports on BDC. Weiss Ratings cut shares of Belden from a "hold (c+)" rating to a "hold (c)" rating in a research note on Wednesday, July 29th. DA Davidson boosted their price objective on shares of Belden from $155.00 to $170.00 and gave the stock a "buy" rating in a research note on Wednesday, August 19th. Zacks Research raised shares of Belden from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, August 4th. Fox Advisors raised Belden from a "hold" rating to a "strong-buy" rating in a research report on Thursday, July 9th. Finally, Wall Street Zen lowered Belden from a "strong-buy" rating to a "buy" rating in a report on Saturday. Two investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat, Belden currently has a consensus rating of "Buy" and a consensus price target of $160.00.

Belden Price Performance

Shares of BDC stock opened at $115.30 on Monday. The stock's fifty day simple moving average is $117.11 and its 200 day simple moving average is $120.17. Belden Inc has a one year low of $98.00 and a one year high of $159.99. The firm has a market cap of $4.51 billion, a price-to-earnings ratio of 18.75 and a beta of 1.12. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.14 and a quick ratio of 1.49.

Belden (NYSE:BDC - Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The industrial products company reported $2.34 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.02 by $0.32. The company had revenue of $750.16 million during the quarter, compared to analysts' expectations of $746.75 million. Belden had a return on equity of 25.00% and a net margin of 8.52%.The business's revenue was up 11.6% on a year-over-year basis. During the same period last year, the business earned $1.89 earnings per share. Belden has set its Q3 2026 guidance at 2.150-2.300 EPS. On average, analysts expect that Belden Inc will post 8.69 earnings per share for the current fiscal year.

Belden Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 8th. Stockholders of record on Wednesday, September 16th will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Wednesday, September 16th. This represents a $0.20 annualized dividend and a dividend yield of 0.2%. Belden's dividend payout ratio (DPR) is presently 3.25%.

Belden Company Profile

Belden, formerly Belden Inc NYSE: BDC, was a global provider of signal transmission solutions for demanding applications. The company produced a wide range of copper and fiber optic cables, connectors, patch panels, cable assemblies, and surge protection devices. Its portfolio extended into networking and security hardware, including managed switches, industrial routers, and software tools for remote monitoring and network management.

Founded in 1902 and headquartered in St. Louis, Missouri, Belden built its reputation on delivering high‐performance, reliable products for harsh environments.

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