Belden Inc $BDC Stock Position Lowered by Northern Trust Corp

Key Points

• Northern Trust Corp lowered its stake in Belden Inc by 6.6%, selling 41,559 shares, and now holds around 591,645 shares valued at approximately $59.3 million.
• Belden reported earnings of $1.89 per share for the last quarter, exceeding expectations, with revenue of $671.99 million, a year-over-year increase of 11.2%.
• A quarterly dividend of $0.05 has been declared, with a yield of 0.2% and a payout ratio of 3.62%, to be paid on October 7th.

Northern Trust Corp trimmed its position in Belden Inc (NYSE:BDC - Free Report) by 6.6% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 591,645 shares of the industrial products company's stock after selling 41,559 shares during the period. Northern Trust Corp owned about 1.50% of Belden worth $59,312,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Opal Wealth Advisors LLC purchased a new stake in Belden in the 1st quarter valued at about $35,000. Quarry LP grew its holdings in Belden by 208.7% in the 4th quarter. Quarry LP now owns 392 shares of the industrial products company's stock valued at $44,000 after buying an additional 265 shares during the period. GAMMA Investing LLC grew its holdings in Belden by 34.7% in the 1st quarter. GAMMA Investing LLC now owns 446 shares of the industrial products company's stock valued at $45,000 after buying an additional 115 shares during the period. Banque Cantonale Vaudoise purchased a new stake in Belden in the 1st quarter valued at about $47,000. Finally, Public Employees Retirement System of Ohio purchased a new stake in Belden in the 4th quarter valued at about $61,000. 98.75% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Belden

In related news, SVP Brian Edward Anderson sold 7,158 shares of the firm's stock in a transaction that occurred 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 transaction, the senior vice president owned 39,574 shares in the company, valued at $5,164,802.74. This trade represents a 15.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.48% of the company's stock.

Wall Street Analysts Forecast Growth

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

Belden Stock Down 1.9%

Shares of NYSE:BDC traded down $2.46 during trading on Friday, hitting $130.24. The company's stock had a trading volume of 222,992 shares, compared to its average volume of 297,512. 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 fifty-two week low of $83.18 and a fifty-two week high of $133.55. The stock's 50-day moving average price is $123.48 and its two-hundred day moving average price is $111.21. The company has a market capitalization of $5.16 billion, a PE ratio of 23.59 and a beta of 1.28.

Belden (NYSE:BDC - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The industrial products company reported $1.89 EPS for the quarter, topping analysts' consensus estimates of $1.72 by $0.17. Belden had a return on equity of 23.29% and a net margin of 8.60%.The business had revenue of $671.99 million during the quarter, compared to the consensus estimate of $654.82 million. During the same period last year, the firm earned $1.51 earnings per share. The company's revenue for the quarter 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, sell-side analysts expect that Belden Inc will post 7.07 EPS for the current year.

Belden Dividend Announcement

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

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.