Ritholtz Wealth Management Sells 225 Shares of Belden Inc $BDC

Ritholtz Wealth Management lowered its stake in shares of Belden Inc (NYSE:BDC) by 4.6% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 4,681 shares of the industrial products company’s stock after selling 225 shares during the period. Ritholtz Wealth Management’s holdings in Belden were worth $542,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in BDC. Maseco LLP purchased a new position in shares of Belden during the second quarter valued at approximately $25,000. 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 worth $45,000 after purchasing an additional 115 shares during the last quarter. Banque Cantonale Vaudoise bought a new stake in Belden in the 1st quarter worth approximately $47,000. UMB Bank n.a. raised its stake in Belden by 195.2% during the 2nd quarter. UMB Bank n.a. now owns 552 shares of the industrial products company’s stock valued at $64,000 after buying an additional 365 shares during the last quarter. Finally, Covestor Ltd lifted its holdings in shares of Belden by 23.5% during the 1st quarter. Covestor Ltd now owns 636 shares of the industrial products company’s stock valued at $64,000 after buying an additional 121 shares during the period. Hedge funds and other institutional investors own 98.75% of the company’s stock.

Analysts Set New Price Targets

BDC has been the topic of a number of research reports. Benchmark raised 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. Wall Street Zen downgraded Belden from a “strong-buy” rating to a “buy” rating in a report on Sunday, August 3rd. Weiss Ratings restated a “hold (c+)” rating on shares of Belden in a research note on Wednesday, October 8th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating on shares of Belden in a research report on Friday, July 11th. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $136.50.

Belden Price Performance

NYSE BDC opened at $112.28 on Monday. The business’s fifty day moving average is $124.40 and its 200 day moving average is $115.46. Belden Inc has a fifty-two week low of $83.18 and a fifty-two week high of $133.77. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.35 and a current ratio of 1.99. The company has a market capitalization of $4.45 billion, a PE ratio of 20.34 and a beta of 1.26.

Belden (NYSE:BDC) last posted its quarterly earnings data 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 return on equity of 23.29% and a net margin of 8.60%.The firm had revenue of $671.99 million for the quarter, compared to the consensus estimate of $654.82 million. During the same quarter last year, the company earned $1.51 earnings per share. The business’s revenue for the quarter was up 11.2% compared to the same quarter last year. Belden has set its Q3 2025 guidance at 1.850-1.950 EPS. Sell-side analysts predict that Belden Inc will post 7.07 earnings per share for the current year.

Belden Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 7th. Shareholders of record on Thursday, September 11th were given 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 was Thursday, September 11th. Belden’s dividend 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.