Wellington Management Group LLP Reduces Holdings in Belden Inc $BDC

Key Points

• Wellington Management Group LLP decreased its shareholding in Belden Inc by 2.7% in the first quarter, now owning 1,729,636 shares valued at approximately $173 million.
• Belden's quarterly earnings exceeded expectations, reporting $1.89 earnings per share, which is $0.17 above the consensus estimate, indicating a year-over-year revenue growth of 11.2%.
• Wall Street analysts maintain an average rating of "Buy" for Belden, with the stock's target price adjusted from $130 to $145 based on recent evaluations.

Wellington Management Group LLP reduced its stake in Belden Inc (NYSE:BDC - Free Report) by 2.7% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 1,729,636 shares of the industrial products company's stock after selling 48,266 shares during the quarter. Wellington Management Group LLP owned 4.38% of Belden worth $173,396,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in BDC. Allspring Global Investments Holdings LLC lifted its holdings in Belden by 0.7% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,043,510 shares of the industrial products company's stock worth $105,478,000 after buying an additional 7,683 shares in the last quarter. Invesco Ltd. increased its position in shares of Belden by 37.2% in the 1st quarter. Invesco Ltd. now owns 1,024,497 shares of the industrial products company's stock valued at $102,706,000 after purchasing an additional 277,782 shares during the last quarter. Lord Abbett & CO. LLC increased its position in shares of Belden by 0.5% in the 4th quarter. Lord Abbett & CO. LLC now owns 711,784 shares of the industrial products company's stock valued at $80,154,000 after purchasing an additional 3,692 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of Belden by 2.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 695,396 shares of the industrial products company's stock valued at $78,309,000 after buying an additional 18,825 shares during the last quarter. Finally, Northern Trust Corp grew its position in shares of Belden by 10.2% in the 4th quarter. Northern Trust Corp now owns 633,204 shares of the industrial products company's stock valued at $71,305,000 after buying an additional 58,508 shares during the last quarter. 98.75% of the stock is currently owned by institutional investors and hedge funds.

Belden Stock Performance

Shares of BDC stock traded up $1.21 during mid-day trading on Tuesday, hitting $131.89. The stock had a trading volume of 507,488 shares, compared to its average volume of 324,495. Belden Inc has a fifty-two week low of $83.18 and a fifty-two week high of $133.29. The firm has a market cap of $5.23 billion, a PE ratio of 23.89 and a beta of 1.28. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.99 and a quick ratio of 1.35. The company's 50-day simple moving average is $122.14 and its 200-day simple moving average is $110.82.

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

Belden Dividend Announcement

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

Insider Activity at Belden

In related news, SVP Brian Edward Anderson sold 7,158 shares of the firm's stock in a transaction dated 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 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.48% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Belden in a research report on Friday, July 11th. Wall Street Zen downgraded shares of Belden from a "strong-buy" rating to a "buy" rating in a research report on Sunday, August 3rd. Finally, Benchmark raised their price objective on shares of Belden from $130.00 to $145.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. Four equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target 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.