MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Belden Inc (NYSE:BDC - Free Report) by 8.3% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 68,214 shares of the industrial products company's stock after purchasing an additional 5,232 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 0.17% of Belden worth $6,838,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Allspring Global Investments Holdings LLC grew its holdings in shares of Belden by 0.7% in the first quarter. Allspring Global Investments Holdings LLC now owns 1,043,510 shares of the industrial products company's stock valued at $105,478,000 after purchasing an additional 7,683 shares in the last quarter. Invesco Ltd. grew its holdings in shares of Belden by 37.2% in the first quarter. Invesco Ltd. now owns 1,024,497 shares of the industrial products company's stock valued at $102,706,000 after purchasing an additional 277,782 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Belden by 18.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 821,118 shares of the industrial products company's stock valued at $82,319,000 after purchasing an additional 125,722 shares in the last quarter. Victory Capital Management Inc. grew its holdings in shares of Belden by 13.5% in the first quarter. Victory Capital Management Inc. now owns 439,452 shares of the industrial products company's stock valued at $44,055,000 after purchasing an additional 52,400 shares in the last quarter. Finally, Newport Trust Company LLC grew its holdings in shares of Belden by 4.7% in the first quarter. Newport Trust Company LLC now owns 315,337 shares of the industrial products company's stock valued at $31,613,000 after purchasing an additional 14,045 shares in the last quarter. 98.75% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of research analysts recently weighed in on the stock. Benchmark raised their target price on shares of Belden from $130.00 to $145.00 and gave the company a "buy" rating in a report on Friday, August 1st. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Belden in a research note on Friday, July 11th. Finally, Wall Street Zen lowered shares of Belden from a "strong-buy" rating to a "buy" rating in a research note on Sunday, August 3rd. Four investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $136.50.
Read Our Latest Analysis on BDC
Insider Activity
In other news, SVP Brian Edward Anderson sold 7,158 shares of the business's stock in a transaction on Thursday, July 17th. The shares were sold at an average price of $130.51, for a total transaction of $934,190.58. Following the completion of the sale, the senior vice president directly owned 39,574 shares of the company's stock, valued at approximately $5,164,802.74. The trade was a 15.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.48% of the company's stock.
Belden Stock Up 1.4%
Shares of BDC opened at $129.75 on Thursday. The firm has a market capitalization of $5.14 billion, a P/E ratio of 23.51 and a beta of 1.30. Belden Inc has a 12-month low of $83.18 and a 12-month high of $133.55. The company has a current ratio of 1.99, a quick ratio of 1.35 and a debt-to-equity ratio of 1.03. The firm has a fifty day moving average price of $125.55 and a 200-day moving average price of $112.05.
Belden (NYSE:BDC - Get Free Report) last issued its earnings results on Thursday, July 31st. The industrial products company reported $1.89 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.72 by $0.17. The firm had revenue of $671.99 million during the quarter, compared to analyst estimates of $654.82 million. Belden had a net margin of 8.60% and a return on equity of 23.29%. The business's revenue was up 11.2% on a year-over-year basis. During the same period in the previous year, the firm earned $1.51 earnings per share. Belden has set its Q3 2025 guidance at 1.850-1.950 EPS. Equities research analysts expect that Belden Inc will post 7.07 earnings per share for the current year.
Belden Announces Dividend
The business also recently announced 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 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend is Thursday, September 11th. Belden's payout ratio is currently 3.62%.
Belden Company Profile
(
Free Report)
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.
Further Reading
Want to see what other hedge funds are holding BDC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Belden Inc (NYSE:BDC - Free Report).
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