JPMorgan Chase & Co. Sells 62,996 Shares of Belden Inc $BDC

JPMorgan Chase & Co. decreased its stake in Belden Inc (NYSE:BDC) by 22.8% in the third quarter, Holdings Channel.com reports. The firm owned 212,730 shares of the industrial products company’s stock after selling 62,996 shares during the period. JPMorgan Chase & Co.’s holdings in Belden were worth $25,585,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

Several analysts have issued reports on BDC shares. Wall Street Zen raised shares of Belden from a “hold” rating to a “buy” rating in a research note 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. Benchmark boosted their price objective on Belden from $145.00 to $175.00 and gave the company a “buy” rating in a report on Friday, February 13th. Finally, Truist Financial increased 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 equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Belden currently has a consensus rating of “Buy” and an average target price of $148.33.

Insider Buying and Selling

In other news, SVP Hiran Bhadra sold 1,600 shares of the business’s stock in a transaction on Friday, December 5th. The stock was sold at an average price of $120.00, for a total value 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 approximately $3,134,280. The trade was a 5.77% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Jonathan C. Klein sold 3,000 shares of the company’s stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $124.19, for a total value of $372,570.00. Following the sale, the director owned 8,353 shares of the company’s stock, valued at $1,037,359.07. This trade represents a 26.42% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 16,045 shares of company stock worth $2,010,690 in the last three months. Corporate insiders own 1.48% of the company’s stock.

Belden Stock Performance

BDC stock opened at $142.99 on Monday. Belden Inc has a 1-year low of $83.18 and a 1-year high of $159.99. The business has a 50-day moving average price of $127.18 and a 200 day moving average price of $123.06. The company has a market capitalization of $5.54 billion, a P/E ratio of 24.20 and a beta of 1.17. 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 (NYSE:BDC) last posted its earnings results on Thursday, February 12th. The industrial products company reported $2.08 EPS for the quarter, beating analysts’ consensus estimates of $1.93 by $0.15. Belden had a net margin of 8.75% and a return on equity of 24.43%. The business had revenue of $720.12 million for the quarter, compared to the consensus estimate of $696.97 million. During the same quarter last year, the firm posted $1.92 EPS. 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. As a group, equities research analysts forecast that Belden Inc will post 7.07 EPS for the current fiscal year.

Belden Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 9th. Investors of record on Thursday, March 12th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Thursday, March 12th. This represents a $0.20 dividend on an annualized basis and a yield of 0.1%. Belden’s payout ratio is 3.38%.

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.