Granite Investment Partners LLC Sells 48,955 Shares of Belden Inc $BDC

Granite Investment Partners LLC cut its stake in shares of Belden Inc (NYSE:BDC) by 31.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 107,254 shares of the industrial products company’s stock after selling 48,955 shares during the quarter. Granite Investment Partners LLC owned approximately 0.27% of Belden worth $12,899,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of BDC. EverSource Wealth Advisors LLC increased its holdings in Belden by 134.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 288 shares of the industrial products company’s stock worth $33,000 after purchasing an additional 165 shares during the period. Smartleaf Asset Management LLC grew its position in shares of Belden by 234.3% during the 3rd quarter. Smartleaf Asset Management LLC now owns 331 shares of the industrial products company’s stock worth $40,000 after buying an additional 232 shares in the last quarter. Employees Retirement System of Texas purchased a new position in shares of Belden during the second quarter valued at $52,000. Hantz Financial Services Inc. raised its holdings in shares of Belden by 152.5% in the third quarter. Hantz Financial Services Inc. now owns 457 shares of the industrial products company’s stock valued at $55,000 after acquiring an additional 276 shares in the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new stake in shares of Belden in the second quarter valued at about $58,000. Hedge funds and other institutional investors own 98.75% of the company’s stock.

Analyst Upgrades and Downgrades

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

Belden Price Performance

NYSE BDC opened at $145.68 on Monday. The firm’s fifty day simple moving average is $124.41 and its two-hundred day simple moving average is $122.18. The firm has a market capitalization of $5.65 billion, a P/E ratio of 24.65 and a beta of 1.20. 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 Inc has a 12-month low of $83.18 and a 12-month high of $159.99.

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

Insiders Place Their Bets

In other news, CAO Doug Zink sold 1,452 shares of the company’s stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $133.96, for a total transaction of $194,509.92. Following the transaction, the chief accounting officer owned 4,642 shares in the company, valued at $621,842.32. This represents a 23.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Hiran Bhadra sold 1,600 shares of the stock in a transaction that occurred on Friday, December 5th. The shares were sold at an average price of $120.00, for a total transaction of $192,000.00. Following the completion of the transaction, the senior vice president directly owned 26,119 shares of the company’s stock, valued at $3,134,280. The trade was a 5.77% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 16,045 shares of company stock worth $2,010,690 over the last ninety days. Insiders own 1.48% of the company’s stock.

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.