Riverwater Partners LLC Invests $1.83 Million in Belden Inc $BDC

Riverwater Partners LLC acquired a new stake in shares of Belden Inc (NYSE:BDC) in the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 15,251 shares of the industrial products company’s stock, valued at approximately $1,834,000.

A number of other institutional investors have also recently modified their holdings of BDC. Allspring Global Investments Holdings LLC increased its position in shares of Belden by 2.7% during the second quarter. Allspring Global Investments Holdings LLC now owns 1,071,846 shares of the industrial products company’s stock valued at $126,328,000 after acquiring an additional 28,336 shares in the last quarter. Ethic Inc. purchased a new stake in Belden during the 2nd quarter valued at $252,000. JPMorgan Chase & Co. increased its holdings in shares of Belden by 28.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 275,726 shares of the industrial products company’s stock worth $31,929,000 after purchasing an additional 60,445 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Belden by 5.4% in the second quarter. Bank of New York Mellon Corp now owns 621,671 shares of the industrial products company’s stock worth $71,989,000 after purchasing an additional 31,834 shares during the last quarter. Finally, New York State Common Retirement Fund lifted its holdings in shares of Belden by 21.2% during the second quarter. New York State Common Retirement Fund now owns 184,371 shares of the industrial products company’s stock valued at $21,350,000 after purchasing an additional 32,225 shares in the last quarter. 98.75% of the stock is owned by hedge funds and other institutional investors.

Belden Stock Up 1.7%

Shares of BDC stock opened at $117.26 on Tuesday. The company has a current ratio of 1.99, a quick ratio of 1.37 and a debt-to-equity ratio of 1.03. Belden Inc has a 12 month low of $83.18 and a 12 month high of $133.77. The stock has a market cap of $4.61 billion, a P/E ratio of 20.83 and a beta of 1.17. The company has a 50 day simple moving average of $116.98 and a two-hundred day simple moving average of $120.73.

Belden (NYSE:BDC) last issued its quarterly earnings data on Thursday, October 30th. The industrial products company reported $1.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.90 by $0.07. The firm had revenue of $698.22 million during the quarter, compared to the consensus estimate of $679.61 million. Belden had a net margin of 8.57% and a return on equity of 23.95%. The company’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.70 EPS. Belden has set its Q4 2025 guidance at 1.900-2.000 EPS. On average, research analysts expect that Belden Inc will post 7.07 earnings per share for the current year.

Belden Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 8th. Investors of record on Thursday, December 11th were issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend was Thursday, December 11th. Belden’s dividend payout ratio is currently 3.55%.

Insider Activity

In other Belden news, Director Jonathan C. Klein sold 3,000 shares of Belden stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $124.19, for a total transaction of $372,570.00. Following the transaction, the director owned 8,353 shares of the company’s stock, valued at $1,037,359.07. The trade was a 26.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Leah Tate sold 2,554 shares of the stock in a transaction on Wednesday, December 3rd. The stock was sold at an average price of $120.00, for a total transaction of $306,480.00. Following the completion of the sale, the senior vice president directly owned 27,835 shares of the company’s stock, valued at approximately $3,340,200. This trade represents a 8.40% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 11,154 shares of company stock worth $1,371,050 in the last quarter. 1.48% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research firms recently commented on BDC. Wall Street Zen upgraded Belden from a “hold” rating to a “buy” rating in a report on Saturday, January 17th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Belden in a research note on Wednesday, January 21st. Finally, Truist Financial increased their price objective on shares of Belden from $149.00 to $150.00 and gave the company a “buy” rating in a research report on Friday, December 19th. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $140.00.

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.