Strs Ohio Invests $1.18 Million in Belden Inc $BDC

Key Points

• Strs Ohio made a new investment in Belden Inc by purchasing 11,800 shares valued at approximately $1.18 million in the first quarter of this year.
• Several institutional investors have increased their stakes in Belden, indicating strong hedge fund interest, with institutional ownership reaching 98.75% of the company's stock.
• In recent analyst reports, Belden's stock was rated as a "buy" by multiple firms, with a price target increase from $130 to $145, reflecting positive market sentiment.

Strs Ohio bought a new position in shares of Belden Inc (NYSE:BDC - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 11,800 shares of the industrial products company's stock, valued at approximately $1,183,000.

Other large investors have also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC increased its stake in Belden by 0.7% during the first quarter. Allspring Global Investments Holdings LLC now owns 1,043,510 shares of the industrial products company's stock worth $105,478,000 after acquiring an additional 7,683 shares during the last quarter. Invesco Ltd. increased its stake in Belden by 37.2% during the first quarter. Invesco Ltd. now owns 1,024,497 shares of the industrial products company's stock worth $102,706,000 after acquiring an additional 277,782 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in Belden by 18.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 821,118 shares of the industrial products company's stock worth $82,319,000 after acquiring an additional 125,722 shares during the last quarter. Victory Capital Management Inc. increased its stake in Belden by 13.5% during the first quarter. Victory Capital Management Inc. now owns 439,452 shares of the industrial products company's stock worth $44,055,000 after acquiring an additional 52,400 shares during the last quarter. Finally, Newport Trust Company LLC increased its stake in Belden by 4.7% during the first quarter. Newport Trust Company LLC now owns 315,337 shares of the industrial products company's stock worth $31,613,000 after acquiring an additional 14,045 shares during the last quarter. 98.75% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Belden

In other Belden news, SVP Brian Edward Anderson sold 7,158 shares of the 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 transaction, the senior vice president directly owned 39,574 shares in the company, valued at $5,164,802.74. This represents a 15.32% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 1.48% of the stock is owned by corporate insiders.

Belden Stock Down 0.3%

Shares of NYSE:BDC traded down $0.33 during mid-day trading on Friday, hitting $130.44. 617,018 shares of the company traded hands, compared to its average volume of 276,289. The firm has a market cap of $5.17 billion, a P/E ratio of 23.63 and a beta of 1.30. 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 52-week low of $83.18 and a 52-week high of $133.77. The firm's 50 day simple moving average is $126.80 and its 200 day simple moving average is $113.25.

Belden (NYSE:BDC - Get Free Report) last announced its earnings results on Thursday, July 31st. The industrial products company reported $1.89 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $654.82 million. During the same period last year, the business posted $1.51 EPS. The company's revenue was up 11.2% on a year-over-year basis. Belden has set its Q3 2025 guidance at 1.850-1.950 EPS. On average, equities analysts anticipate that Belden Inc will post 7.07 EPS for the current year.

Belden Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 7th. Shareholders of record on Thursday, September 11th will be issued a dividend of $0.05 per share. The ex-dividend date is Thursday, September 11th. This represents a $0.20 annualized dividend and a yield of 0.2%. Belden's payout ratio is currently 3.62%.

Analyst Ratings Changes

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

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.