Ethic Inc. Buys Shares of 2,164 Belden Inc $BDC

Ethic Inc. purchased a new position in Belden Inc (NYSE:BDC) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,164 shares of the industrial products company’s stock, valued at approximately $252,000.

Several other institutional investors have also modified their holdings of the business. Allspring Global Investments Holdings LLC grew its stake in shares of Belden by 2.7% in the second quarter. Allspring Global Investments Holdings LLC now owns 1,071,846 shares of the industrial products company’s stock worth $126,328,000 after acquiring an additional 28,336 shares in the last quarter. Invesco Ltd. grew its stake in shares of Belden by 37.2% in the first quarter. Invesco Ltd. now owns 1,024,497 shares of the industrial products company’s stock worth $102,706,000 after acquiring an additional 277,782 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of Belden by 18.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 821,118 shares of the industrial products company’s stock worth $82,319,000 after acquiring an additional 125,722 shares in the last quarter. Victory Capital Management Inc. grew its stake in shares of Belden by 13.5% in the first quarter. Victory Capital Management Inc. now owns 439,452 shares of the industrial products company’s stock worth $44,055,000 after acquiring an additional 52,400 shares in the last quarter. Finally, Newport Trust Company LLC grew its stake in shares of Belden by 4.7% in the first quarter. Newport Trust Company LLC now owns 315,337 shares of the industrial products company’s stock worth $31,613,000 after acquiring an additional 14,045 shares in the last quarter. Institutional investors and hedge funds own 98.75% of the company’s stock.

Belden Stock Performance

NYSE BDC opened at $122.18 on Friday. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.99 and a quick ratio of 1.35. Belden Inc has a 1 year low of $83.18 and a 1 year high of $133.77. The company has a market capitalization of $4.84 billion, a PE ratio of 22.13 and a beta of 1.26. The company has a fifty day moving average of $123.34 and a two-hundred day moving average of $116.96.

Belden (NYSE:BDC) last released its quarterly earnings data on Thursday, October 30th. The industrial products company reported $1.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.90 by $0.07. Belden had a net margin of 8.60% and a return on equity of 23.29%. The company had revenue of $698.22 million during the quarter, compared to the consensus estimate of $679.61 million. During the same quarter in the prior year, the firm posted $1.70 earnings per share. Belden’s revenue for the quarter was up 6.6% on a year-over-year basis. Belden has set its Q4 2025 guidance at 1.900-2.000 EPS. As a group, analysts expect that Belden Inc will post 7.07 earnings per share for the current year.

Belden Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 7th. Shareholders of record on Thursday, September 11th were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.2%. The ex-dividend date was Thursday, September 11th. Belden’s dividend payout ratio is currently 3.62%.

Wall Street Analysts Forecast Growth

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

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.