Candelo Capital Management LP Invests $5.07 Million in Belden Inc $BDC

Candelo Capital Management LP purchased a new stake in Belden Inc (NYSE:BDC) in the 3rd quarter, HoldingsChannel reports. The institutional investor purchased 42,166 shares of the industrial products company’s stock, valued at approximately $5,071,000. Belden makes up 4.4% of Candelo Capital Management LP’s investment portfolio, making the stock its 8th biggest position.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC grew its holdings in shares of 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 in the last quarter. Smartleaf Asset Management LLC lifted its position in Belden by 234.3% during the third quarter. Smartleaf Asset Management LLC now owns 331 shares of the industrial products company’s stock worth $40,000 after purchasing an additional 232 shares during the period. Employees Retirement System of Texas acquired a new stake in Belden during the second quarter worth about $52,000. Hantz Financial Services Inc. increased its holdings in Belden by 152.5% in the 3rd quarter. Hantz Financial Services Inc. now owns 457 shares of the industrial products company’s stock valued at $55,000 after buying an additional 276 shares during the period. Finally, Osaic Holdings Inc. raised its position in shares of Belden by 40.7% in the 2nd quarter. Osaic Holdings Inc. now owns 581 shares of the industrial products company’s stock valued at $67,000 after buying an additional 168 shares in the last quarter. 98.75% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, SVP Leah Tate sold 2,954 shares of the firm’s stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $130.00, for a total transaction of $384,020.00. Following the completion of the transaction, the senior vice president directly owned 24,881 shares in the company, valued at $3,234,530. This trade represents a 10.61% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Doug Zink sold 1,452 shares of Belden stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $133.96, for a total value of $194,509.92. Following the completion of the transaction, the chief accounting officer directly owned 4,642 shares in the company, valued at approximately $621,842.32. This represents a 23.83% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 4,891 shares of company stock valued at $639,640. Insiders own 1.48% of the company’s stock.

Belden Stock Down 2.0%

NYSE:BDC opened at $114.35 on Friday. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.93 and a quick ratio of 1.36. Belden Inc has a one year low of $83.18 and a one year high of $159.99. The firm’s 50 day simple moving average is $129.03 and its 200 day simple moving average is $123.12. The company has a market cap of $4.43 billion, a PE ratio of 19.35 and a beta of 1.18.

Belden (NYSE:BDC) last released its quarterly earnings results on Thursday, February 12th. The industrial products company reported $2.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.93 by $0.15. Belden had a net margin of 8.75% and a return on equity of 24.43%. The firm had revenue of $720.12 million during the quarter, compared to the consensus estimate of $696.97 million. During the same quarter last year, the firm earned $1.92 earnings per share. The company’s revenue for the quarter 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, research analysts anticipate that Belden Inc will post 7.07 earnings per share for the current year.

Belden Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 9th. Shareholders of record on Thursday, March 12th will be given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date is Thursday, March 12th. Belden’s payout ratio is 3.38%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on BDC. Benchmark upped their price target on shares of Belden from $145.00 to $175.00 and gave the stock a “buy” rating in a report on Friday, February 13th. Wall Street Zen raised Belden from a “hold” rating to a “buy” rating in a report on Saturday, January 17th. Weiss Ratings upgraded Belden from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, February 18th. Finally, Truist Financial boosted their target price on Belden from $149.00 to $150.00 and gave the stock a “buy” rating in a research note on Friday, December 19th. Four 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.

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.