Sei Investments Co. Reduces Position in Belden Inc $BDC

Key Points

• Sei Investments Co. reduced its stake in Belden Inc by 2.7%, owning 157,016 shares valued at $17,378,000 after selling 4,388 shares.
• Belden's stock has received a mix of ratings from analysts, with Goldman Sachs reaffirming a "buy" rating and Benchmark raising the price target to $145.00.
• Belden reported earnings of $1.89 per share for the last quarter, exceeding analyst expectations and showing an 11.2% revenue increase year-over-year.

Sei Investments Co. lessened its holdings in shares of Belden Inc (NYSE:BDC - Free Report) by 2.7% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 157,016 shares of the industrial products company's stock after selling 4,388 shares during the quarter. Sei Investments Co. owned about 0.40% of Belden worth $17,378,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Bank of America Corp DE lifted its stake in shares of Belden by 234.7% during the 4th quarter. Bank of America Corp DE now owns 224,363 shares of the industrial products company's stock valued at $25,266,000 after buying an additional 157,335 shares in the last quarter. Principal Financial Group Inc. lifted its position 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 acquiring an additional 648 shares in the last quarter. Polen Capital Management LLC lifted its position 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 acquiring an additional 6,483 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of Belden by 34.7% in the first quarter. GAMMA Investing LLC now owns 446 shares of the industrial products company's stock worth $45,000 after acquiring an additional 115 shares during the period. Finally, Novem Group purchased a new position in shares of Belden in the first quarter valued at $454,000. Hedge funds and other institutional investors own 98.75% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Benchmark increased their price objective on Belden from $130.00 to $145.00 and gave the stock a "buy" rating in a report on Friday, August 1st. The Goldman Sachs Group reissued a "buy" rating on shares of Belden in a report on Friday, July 11th. Finally, Wall Street Zen lowered shares of Belden from a "strong-buy" rating to a "buy" rating in a research report on Sunday, August 3rd. Four equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $136.50.

Insider Buying and Selling

In other Belden 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 value 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 $5,164,802.74. The trade was a 15.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 1.48% of the stock is currently owned by insiders.

Belden Price Performance

Shares of BDC traded down $2.6040 during midday trading on Wednesday, reaching $123.4560. The stock had a trading volume of 237,688 shares, compared to its average volume of 311,245. 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 company has a market capitalization of $4.89 billion, a price-to-earnings ratio of 22.37 and a beta of 1.28. The company's 50-day moving average is $120.50 and its 200 day moving average is $110.44. Belden Inc has a 12-month low of $83.18 and a 12-month high of $132.99.

Belden (NYSE:BDC - Get Free Report) last released its earnings results on Thursday, July 31st. The industrial products company reported $1.89 earnings per share 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 company had revenue of $671.99 million during the quarter, compared to the consensus estimate of $654.82 million. During the same quarter in the previous year, the company posted $1.51 EPS. Belden's quarterly 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. On average, equities analysts predict that Belden Inc will post 7.07 EPS for the current fiscal year.

Belden Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 9th. Investors of record on Thursday, June 12th were issued a dividend of $0.05 per share. The ex-dividend date of this dividend was Thursday, June 12th. This represents a $0.20 annualized dividend and a dividend yield of 0.2%. Belden's dividend payout ratio (DPR) is currently 3.62%.

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.