Belden Inc $BDC Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System decreased its holdings in Belden Inc (NYSE:BDC) by 0.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 56,372 shares of the industrial products company’s stock after selling 151 shares during the period. New York State Teachers Retirement System owned about 0.14% of Belden worth $6,528,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of BDC. GAMMA Investing LLC boosted its holdings in Belden by 34.7% in the first quarter. GAMMA Investing LLC now owns 446 shares of the industrial products company’s stock valued at $45,000 after purchasing an additional 115 shares during the period. Blue Trust Inc. raised its position in Belden by 16.3% in the 1st quarter. Blue Trust Inc. now owns 1,802 shares of the industrial products company’s stock valued at $181,000 after purchasing an additional 252 shares in the last quarter. Retirement Systems of Alabama raised its position in Belden by 14.4% in the 1st quarter. Retirement Systems of Alabama now owns 203,940 shares of the industrial products company’s stock valued at $20,445,000 after purchasing an additional 25,677 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its stake in shares of Belden by 1.1% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 17,899 shares of the industrial products company’s stock valued at $1,794,000 after buying an additional 193 shares during the period. Finally, Fourth Dimension Wealth LLC acquired a new position in shares of Belden during the first quarter worth about $117,000. Hedge funds and other institutional investors own 98.75% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Belden in a report on Wednesday, October 8th. The Goldman Sachs Group restated a “buy” rating on shares of Belden in a report on Friday, July 11th. Wall Street Zen cut shares of Belden from a “strong-buy” rating to a “buy” rating in a research report on Sunday, August 3rd. Finally, Benchmark increased their target price on Belden from $130.00 to $145.00 and gave the company a “buy” rating in a report on Friday, August 1st. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $136.50.

Belden Stock Performance

Shares of BDC stock opened at $112.28 on Monday. The stock’s 50-day moving average is $124.40 and its two-hundred day moving average is $115.46. 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 1 year low of $83.18 and a 1 year high of $133.77. The firm has a market cap of $4.45 billion, a price-to-earnings ratio of 20.34 and a beta of 1.26.

Belden (NYSE:BDC) last announced its earnings results on Thursday, July 31st. The industrial products company reported $1.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.72 by $0.17. The firm 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%.The business’s revenue was up 11.2% on a year-over-year basis. During the same period in the prior year, the firm earned $1.51 EPS. Belden has set its Q3 2025 guidance at 1.850-1.950 EPS. Analysts predict that Belden Inc will post 7.07 earnings per share for the current year.

Belden Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 7th. Stockholders of record on Thursday, September 11th were issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend was Thursday, September 11th. Belden’s payout ratio is presently 3.62%.

About Belden

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.