Private Client Services LLC Sells 4,269 Shares of Belden Inc $BDC

Private Client Services LLC reduced its holdings in Belden Inc (NYSE:BDC) by 29.8% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 10,040 shares of the industrial products company’s stock after selling 4,269 shares during the quarter. Private Client Services LLC’s holdings in Belden were worth $1,163,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in BDC. Opal Wealth Advisors LLC bought a new stake in shares of Belden in the 1st quarter worth approximately $35,000. GAMMA Investing LLC grew its position in shares of Belden by 34.7% in the 1st quarter. GAMMA Investing LLC now owns 446 shares of the industrial products company’s stock worth $45,000 after buying an additional 115 shares during the last quarter. Banque Cantonale Vaudoise bought a new stake in shares of Belden in the 1st quarter worth approximately $47,000. Public Employees Retirement System of Ohio bought a new stake in shares of Belden in the 4th quarter worth approximately $61,000. Finally, Covestor Ltd grew its position in shares of Belden by 23.5% in the 1st quarter. Covestor Ltd now owns 636 shares of the industrial products company’s stock worth $64,000 after buying an additional 121 shares during the last quarter. 98.75% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Benchmark lifted their price objective on Belden from $130.00 to $145.00 and gave the stock a “buy” rating in a research report on Friday, August 1st. Wall Street Zen lowered Belden from a “strong-buy” rating to a “buy” rating in a research report on Sunday, August 3rd. Finally, The Goldman Sachs Group restated a “buy” rating on shares of Belden in a research report on Friday, July 11th. Four investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, Belden has an average rating of “Buy” and an average price target of $136.50.

Insider Transactions at Belden

In other Belden news, SVP Brian Edward Anderson sold 7,158 shares of Belden stock in a transaction on Thursday, July 17th. The stock was sold at an average price of $130.51, for a total transaction of $934,190.58. Following the completion of the transaction, the senior vice president owned 39,574 shares in the company, valued at approximately $5,164,802.74. The trade was a 15.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.48% of the company’s stock.

Belden Trading Down 2.1%

NYSE BDC opened at $130.63 on Friday. The stock’s 50 day moving average is $125.97 and its 200 day moving average is $112.34. The firm has a market capitalization of $5.18 billion, a PE ratio of 23.67 and a beta of 1.30. Belden Inc has a twelve month low of $83.18 and a twelve month high of $133.74. The company has a quick ratio of 1.35, a current ratio of 1.99 and a debt-to-equity ratio of 1.03.

Belden (NYSE:BDC) last announced its quarterly earnings data on Thursday, July 31st. The industrial products company reported $1.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.72 by $0.17. The business had revenue of $671.99 million during the quarter, compared to analysts’ expectations of $654.82 million. Belden had a return on equity of 23.29% and a net margin of 8.60%.The firm’s quarterly revenue was up 11.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.51 earnings per share. Belden has set its Q3 2025 guidance at 1.850-1.950 EPS. Research analysts forecast that Belden Inc will post 7.07 earnings per share for the current fiscal year.

Belden Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 7th. Shareholders of record on Thursday, September 11th will be paid a dividend of $0.05 per share. The ex-dividend date is Thursday, September 11th. This represents a $0.20 dividend on an annualized basis and a yield of 0.2%. Belden’s payout ratio is presently 3.62%.

About Belden

Belden Inc designs, manufactures, and markets a portfolio of signal transmission solutions for mission critical applications in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. It operates in two segments, Enterprise Solutions and Industrial Automation Solutions. The Enterprise Solutions segment offers copper cable and connectivity solutions, fiber cable and connectivity solutions, interconnect panels, racks and enclosures, and signal extension and matrix switching systems for use in applications, such as local area networks, data centers, access control, 5G, fiber to the home, and building automation.