Wealth Enhancement Advisory Services LLC Buys Shares of 2,633 Belden Inc $BDC

Key Points

• Wealth Enhancement Advisory Services LLC acquired a stake in Belden Inc, purchasing 2,633 shares valued at approximately $321,000 during the second quarter.
• Belden's most recent quarterly earnings exceeded analysts' expectations, reporting $1.89 earnings per share against a consensus of $1.72, with revenue reaching $671.99 million.
• Research analysts have mixed sentiments on Belden, with Wall Street Zen downgrading the stock to a "buy," while Goldman Sachs maintained a "buy" rating with an increased price target of $145.00.

Wealth Enhancement Advisory Services LLC purchased a new stake in Belden Inc (NYSE:BDC - Free Report) during the second quarter, according to its most recent filing with the SEC. The firm purchased 2,633 shares of the industrial products company's stock, valued at approximately $321,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Parallel Advisors LLC grew its stake in Belden by 227.3% during the 2nd quarter. Parallel Advisors LLC now owns 995 shares of the industrial products company's stock worth $115,000 after buying an additional 691 shares during the last quarter. Strs Ohio purchased a new position in Belden during the 1st quarter worth $1,183,000. Acadian Asset Management LLC grew its stake in Belden by 273.7% during the 1st quarter. Acadian Asset Management LLC now owns 3,984 shares of the industrial products company's stock worth $399,000 after buying an additional 2,918 shares during the last quarter. Intech Investment Management LLC grew its stake in Belden by 22.3% during the 1st quarter. Intech Investment Management LLC now owns 30,081 shares of the industrial products company's stock worth $3,016,000 after buying an additional 5,487 shares during the last quarter. Finally, Jane Street Group LLC grew its stake in Belden by 18.3% during the 1st quarter. Jane Street Group LLC now owns 58,028 shares of the industrial products company's stock worth $5,817,000 after buying an additional 8,961 shares during the last quarter. 98.75% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, SVP Brian Edward Anderson sold 7,158 shares of the company's stock in a transaction dated Thursday, July 17th. The stock was sold at an average price of $130.51, for a total value of $934,190.58. Following the completion of the transaction, the senior vice president owned 39,574 shares of the company's stock, valued at approximately $5,164,802.74. This represents a 15.32% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 1.48% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Wall Street Zen downgraded Belden from a "strong-buy" rating to a "buy" rating in a research note on Sunday, August 3rd. Weiss Ratings restated a "hold (c+)" rating on shares of Belden in a research note on Wednesday. The Goldman Sachs Group restated a "buy" rating on shares of Belden in a research note on Friday, July 11th. Finally, Benchmark boosted their price target on Belden from $130.00 to $145.00 and gave the company a "buy" rating in a research note on Friday, August 1st. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $136.50.

Belden Stock Performance

NYSE BDC opened at $115.44 on Thursday. The stock has a market capitalization of $4.57 billion, a price-to-earnings ratio of 20.91 and a beta of 1.26. Belden Inc has a twelve month low of $83.18 and a twelve month high of $133.77. 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 stock has a 50-day moving average of $125.28 and a 200 day moving average of $114.80.

Belden (NYSE:BDC - Get Free Report) last released its quarterly 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. The company had revenue of $671.99 million during the quarter, compared to analysts' expectations of $654.82 million. Belden had a return on equity of 23.29% and a net margin of 8.60%.Belden's quarterly revenue was up 11.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.51 EPS. Belden has set its Q3 2025 guidance at 1.850-1.950 EPS. Sell-side analysts anticipate that Belden Inc will post 7.07 EPS for the current fiscal year.

Belden Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 7th. Investors of record on Thursday, September 11th were issued a $0.05 dividend. The ex-dividend date of this dividend was Thursday, September 11th. This represents a $0.20 dividend on an annualized basis and a yield of 0.2%. Belden's dividend payout ratio 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.

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