Wellington Management Group LLP Cuts Stock Holdings in Belden Inc $BDC

Wellington Management Group LLP reduced its position in Belden Inc (NYSE:BDC - Free Report) by 9.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,431,187 shares of the industrial products company's stock after selling 157,218 shares during the period. Wellington Management Group LLP owned about 3.66% of Belden worth $171,614,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in BDC. Crossmark Global Holdings Inc. increased its holdings in Belden by 4.6% in the third quarter. Crossmark Global Holdings Inc. now owns 2,290 shares of the industrial products company's stock valued at $275,000 after buying an additional 100 shares in the last quarter. PNC Financial Services Group Inc. grew its position in shares of Belden by 10.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,127 shares of the industrial products company's stock valued at $129,000 after acquiring an additional 102 shares during the period. Smartleaf Asset Management LLC grew its position in shares of Belden by 32.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 437 shares of the industrial products company's stock valued at $52,000 after acquiring an additional 106 shares during the period. Captrust Financial Advisors increased its stake in shares of Belden by 3.8% in the 2nd quarter. Captrust Financial Advisors now owns 3,904 shares of the industrial products company's stock valued at $452,000 after purchasing an additional 142 shares in the last quarter. Finally, Vise Technologies Inc. raised its holdings in Belden by 2.1% in the 3rd quarter. Vise Technologies Inc. now owns 7,058 shares of the industrial products company's stock worth $849,000 after purchasing an additional 144 shares during the period. 98.75% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on BDC. Weiss Ratings downgraded Belden from a "hold (c+)" rating to a "hold (c)" rating in a research report on Wednesday, July 29th. Wall Street Zen lowered Belden from a "strong-buy" rating to a "buy" rating in a research report on Saturday. Fox Advisors raised shares of Belden from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 9th. Truist Financial reissued a "buy" rating and issued a $145.00 price target (down from $155.00) on shares of Belden in a report on Friday, July 31st. Finally, Citigroup assumed coverage on shares of Belden in a research report on Friday, June 26th. They set a "buy" rating and a $150.00 price objective for the company. Two equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $160.00.

Belden Stock Performance

BDC opened at $114.01 on Tuesday. Belden Inc has a twelve month low of $98.00 and a twelve month high of $159.99. The firm has a market capitalization of $4.46 billion, a PE ratio of 18.54 and a beta of 1.12. The company has a current ratio of 2.14, a quick ratio of 1.49 and a debt-to-equity ratio of 0.89. The firm's 50-day moving average price is $116.96 and its 200 day moving average price is $119.97.

Belden (NYSE:BDC - Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The industrial products company reported $2.34 EPS for the quarter, beating analysts' consensus estimates of $2.02 by $0.32. Belden had a net margin of 8.52% and a return on equity of 25.00%. The company had revenue of $750.16 million during the quarter, compared to the consensus estimate of $746.75 million. During the same quarter in the prior year, the firm earned $1.89 EPS. Belden's quarterly revenue was up 11.6% on a year-over-year basis. Belden has set its Q3 2026 guidance at 2.150-2.300 EPS. As a group, sell-side analysts expect that Belden Inc will post 8.69 EPS for the current fiscal year.

Belden Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 8th. Investors of record on Wednesday, September 16th will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend is Wednesday, September 16th. Belden's dividend payout ratio (DPR) is currently 3.25%.

Belden Profile

Belden, formerly Belden Inc NYSE: BDC, was a global provider of signal transmission solutions for demanding applications. The company produced a wide range of copper and fiber optic cables, connectors, patch panels, cable assemblies, and surge protection devices. Its portfolio extended into networking and security hardware, including managed switches, industrial routers, and software tools for remote monitoring and network management.

Founded in 1902 and headquartered in St. Louis, Missouri, Belden built its reputation on delivering high‐performance, reliable products for harsh environments.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source