California Public Employees Retirement System Decreases Stock Position in Belden Inc $BDC

California Public Employees Retirement System cut its position in Belden Inc (NYSE:BDC) by 8.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 69,970 shares of the industrial products company’s stock after selling 6,141 shares during the period. California Public Employees Retirement System owned 0.18% of Belden worth $8,035,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in BDC. UBS Group AG boosted its stake in Belden by 15.0% during the 4th quarter. UBS Group AG now owns 213,489 shares of the industrial products company’s stock worth $24,882,000 after purchasing an additional 27,827 shares during the last quarter. Wesbanco Bank Inc. purchased a new position in shares of Belden in the fourth quarter worth about $1,166,000. Pier Capital LLC acquired a new position in Belden during the fourth quarter worth about $7,473,000. Leeward Investments LLC MA grew its stake in Belden by 5.3% during the 1st quarter. Leeward Investments LLC MA now owns 137,376 shares of the industrial products company’s stock valued at $15,775,000 after acquiring an additional 6,923 shares in the last quarter. Finally, M&T Bank Corp acquired a new stake in Belden in the 4th quarter valued at about $1,466,000. 98.75% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have weighed in on BDC shares. DA Davidson began coverage on shares of Belden in a research note on Tuesday, June 16th. They issued a “buy” rating and a $155.00 target price on the stock. Wall Street Zen upgraded shares of Belden from a “hold” rating to a “buy” rating in a research report on Monday, July 20th. Weiss Ratings upgraded shares of Belden from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, July 14th. Citigroup started coverage on shares of Belden in a report on Friday, June 26th. They set a “buy” rating and a $150.00 price target for the company. Finally, Fox Advisors raised shares of Belden from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 9th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $158.75.

Belden Stock Down 0.2%

Shares of NYSE BDC opened at $102.84 on Friday. The company has a quick ratio of 1.40, a current ratio of 2.09 and a debt-to-equity ratio of 0.98. The business’s 50 day moving average is $109.94 and its two-hundred day moving average is $119.51. Belden Inc has a 52-week low of $98.00 and a 52-week high of $159.99. The firm has a market cap of $4.00 billion, a price-to-earnings ratio of 17.31 and a beta of 1.12.

Belden (NYSE:BDC) last released its quarterly earnings results on Thursday, April 30th. The industrial products company reported $1.77 EPS for the quarter, topping the consensus estimate of $1.70 by $0.07. Belden had a return on equity of 24.47% and a net margin of 8.49%.The business had revenue of $696.38 million during the quarter, compared to analyst estimates of $677.03 million. During the same period last year, the business posted $1.60 earnings per share. The company’s quarterly revenue was up 11.4% on a year-over-year basis. Belden has set its Q2 2026 guidance at 1.950-2.050 EPS. Research analysts predict that Belden Inc will post 8.22 EPS for the current year.

Belden Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, July 9th. Investors of record on Tuesday, June 16th were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date was Tuesday, June 16th. Belden’s dividend payout ratio (DPR) is 3.37%.

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.