Kerrisdale Advisers LLC Has $17.15 Million Position in Belden Inc $BDC

Kerrisdale Advisers LLC increased its stake in shares of Belden Inc (NYSE:BDC) by 1,440.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 143,000 shares of the industrial products company’s stock after buying an additional 133,720 shares during the period. Belden accounts for approximately 4.3% of Kerrisdale Advisers LLC’s holdings, making the stock its 3rd biggest holding. Kerrisdale Advisers LLC’s holdings in Belden were worth $17,147,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. BlackRock Inc. acquired a new stake in Belden in the 2nd quarter valued at about $616,536,000. Price T Rowe Associates Inc. MD boosted its position in Belden by 25.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 3,225,244 shares of the industrial products company’s stock valued at $375,903,000 after buying an additional 663,241 shares during the last quarter. Norges Bank bought a new stake in shares of Belden during the fourth quarter worth $57,296,000. Northwestern Mutual Wealth Management Co. raised its position in shares of Belden by 238,774.6% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 422,808 shares of the industrial products company’s stock worth $49,278,000 after acquiring an additional 422,631 shares during the last quarter. Finally, Fisher Asset Management LLC acquired a new position in shares of Belden during the fourth quarter valued at $43,097,000. Institutional investors own 98.75% of the company’s stock.

Belden Trading Up 0.1%

NYSE BDC opened at $115.30 on Monday. Belden Inc has a 12 month low of $98.00 and a 12 month high of $159.99. The stock has a 50-day simple moving average of $117.11 and a 200 day simple moving average of $120.17. The company has a current ratio of 2.14, a quick ratio of 1.49 and a debt-to-equity ratio of 0.89. The company has a market capitalization of $4.51 billion, a PE ratio of 18.75 and a beta of 1.12.

Belden (NYSE:BDC) last posted its earnings results on Thursday, July 30th. The industrial products company reported $2.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.02 by $0.32. The company had revenue of $750.16 million during the quarter, compared to analyst estimates of $746.75 million. Belden had a return on equity of 25.00% and a net margin of 8.52%.The company’s revenue for the quarter was up 11.6% compared to the same quarter last year. During the same period in the previous year, the company earned $1.89 EPS. Belden has set its Q3 2026 guidance at 2.150-2.300 EPS. Research analysts forecast that Belden Inc will post 8.69 EPS for the current year.

Belden Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 8th. Investors of record on Wednesday, September 16th will be issued a dividend of $0.05 per share. The ex-dividend date is Wednesday, September 16th. This represents a $0.20 dividend on an annualized basis and a yield of 0.2%. Belden’s payout ratio is currently 3.25%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Truist Financial reiterated a “buy” rating and issued a $145.00 price target (down from $155.00) on shares of Belden in a report on Friday, July 31st. Citigroup initiated coverage on shares of Belden in a research report on Friday, June 26th. They set a “buy” rating and a $150.00 target price on the stock. DA Davidson raised their target price on shares of Belden from $155.00 to $170.00 and gave the company a “buy” rating in a research note on Wednesday, August 19th. Fox Advisors upgraded shares of Belden from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 9th. Finally, Weiss Ratings downgraded shares of Belden from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, July 29th. Two equities research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $160.00.

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.