Citigroup Inc. Reduces Position in Belden Inc $BDC

Citigroup Inc. cut its holdings in Belden Inc (NYSE:BDC) by 27.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,666 shares of the industrial products company’s stock after selling 5,686 shares during the period. Citigroup Inc.’s holdings in Belden were worth $1,764,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC raised its stake 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 acquiring an additional 165 shares in the last quarter. Smartleaf Asset Management LLC increased its position in Belden by 234.3% in the 3rd quarter. Smartleaf Asset Management LLC now owns 331 shares of the industrial products company’s stock valued at $40,000 after acquiring an additional 232 shares during the period. Employees Retirement System of Texas purchased a new stake in shares of Belden during the second quarter worth approximately $52,000. Hantz Financial Services Inc. raised its position in Belden by 152.5% during the 3rd quarter. Hantz Financial Services Inc. now owns 457 shares of the industrial products company’s stock worth $55,000 after buying an additional 276 shares during the last quarter. Finally, Osaic Holdings Inc. raised its holdings in Belden by 40.7% during the second quarter. Osaic Holdings Inc. now owns 581 shares of the industrial products company’s stock worth $67,000 after purchasing an additional 168 shares in the last quarter. Institutional investors and hedge funds own 98.75% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on BDC shares. Wall Street Zen upgraded Belden from a “hold” rating to a “buy” rating in a research report on Saturday, January 17th. Weiss Ratings raised Belden from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, February 18th. Truist Financial lifted their price target on shares of Belden from $149.00 to $150.00 and gave the stock a “buy” rating in a report on Friday, December 19th. Finally, Benchmark lifted their price objective 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, Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $148.33.

Belden Price Performance

BDC stock opened at $123.24 on Tuesday. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.36 and a current ratio of 1.93. Belden Inc has a 1 year low of $83.18 and a 1 year high of $159.99. The stock has a 50-day simple moving average of $128.82 and a 200-day simple moving average of $123.38. The firm has a market cap of $4.78 billion, a P/E ratio of 20.85 and a beta of 1.17.

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

Belden Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 9th. Shareholders of record on Thursday, March 12th will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend is Thursday, March 12th. Belden’s dividend payout ratio (DPR) is currently 3.38%.

Insider Activity at Belden

In other Belden news, CAO Doug Zink sold 1,452 shares of the business’s stock in a transaction on Friday, February 6th. The shares were sold at an average price of $133.96, for a total transaction of $194,509.92. Following the completion of the sale, the chief accounting officer owned 4,642 shares in the company, valued at $621,842.32. The trade was a 23.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Leah Tate sold 2,954 shares of the business’s stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $130.00, for a total transaction of $384,020.00. Following the sale, the senior vice president directly owned 24,881 shares of the company’s stock, valued at approximately $3,234,530. This represents a 10.61% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 7,891 shares of company stock valued at $1,012,210 over the last three months. 1.48% of the stock is owned by insiders.

About Belden

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.