Channing Capital Management LLC Sells 214,689 Shares of Belden Inc $BDC

Channing Capital Management LLC lessened its position in Belden Inc (NYSE:BDC) by 34.3% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 411,204 shares of the industrial products company’s stock after selling 214,689 shares during the period. Channing Capital Management LLC owned approximately 1.05% of Belden worth $49,456,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Arizona State Retirement System increased its position in shares of Belden by 0.7% in the 3rd quarter. Arizona State Retirement System now owns 11,688 shares of the industrial products company’s stock valued at $1,406,000 after buying an additional 86 shares in the last quarter. Blue Trust Inc. increased its holdings in shares of Belden by 6.0% in the third quarter. Blue Trust Inc. now owns 2,038 shares of the industrial products company’s stock worth $245,000 after acquiring an additional 116 shares in the last quarter. Captrust Financial Advisors raised its position in shares of Belden by 3.8% during the second quarter. Captrust Financial Advisors now owns 3,904 shares of the industrial products company’s stock worth $452,000 after purchasing an additional 142 shares during the period. Verdence Capital Advisors LLC raised its position in shares of Belden by 3.8% during the third quarter. Verdence Capital Advisors LLC now owns 4,385 shares of the industrial products company’s stock worth $515,000 after purchasing an additional 162 shares during the period. Finally, Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Belden by 6.2% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 2,795 shares of the industrial products company’s stock valued at $323,000 after purchasing an additional 162 shares in the last quarter. 98.75% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Belden news, Director Jonathan C. Klein sold 3,000 shares of the business’s stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $124.19, for a total transaction of $372,570.00. Following the transaction, the director owned 8,353 shares of the company’s stock, valued at $1,037,359.07. The trade was a 26.42% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Leah Tate sold 2,954 shares of the stock in a transaction that occurred on Wednesday, February 4th. The shares were sold at an average price of $130.00, for a total value of $384,020.00. Following the completion of the sale, the senior vice president directly owned 24,881 shares of the company’s stock, valued at approximately $3,234,530. The trade was a 10.61% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 16,045 shares of company stock valued at $2,010,690 in the last ninety days. 1.48% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have commented on BDC. Weiss Ratings upgraded shares of Belden from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday. Truist Financial increased their price objective on shares of Belden from $149.00 to $150.00 and gave the stock a “buy” rating in a research report on Friday, December 19th. Wall Street Zen raised shares of Belden from a “hold” rating to a “buy” rating in a research report on Saturday, January 17th. Finally, Benchmark increased their target price on Belden from $145.00 to $175.00 and gave the stock a “buy” rating in a report on Friday, February 13th. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $148.33.

Belden Stock Performance

Shares of BDC opened at $145.68 on Friday. The stock has a market capitalization of $5.65 billion, a price-to-earnings ratio of 24.65 and a beta of 1.20. Belden Inc has a 12 month low of $83.18 and a 12 month high of $159.99. The firm has a fifty day simple moving average of $124.41 and a 200 day simple moving average of $122.13. The company has a current ratio of 1.93, a quick ratio of 1.36 and a debt-to-equity ratio of 1.02.

Belden (NYSE:BDC) last issued its quarterly earnings results on Thursday, February 12th. The industrial products company reported $2.08 EPS for the quarter, topping the consensus estimate of $1.93 by $0.15. The firm had revenue of $720.12 million for the quarter, compared to analysts’ expectations of $696.97 million. Belden had a net margin of 8.75% and a return on equity of 24.43%. The company’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same period in the previous year, the firm posted $1.92 EPS. Belden has set its Q1 2026 guidance at 1.650-1.750 EPS. Research analysts forecast that Belden Inc will post 7.07 EPS for the current fiscal year.

Belden Company 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.