Wellington Management Group LLP Sells 48,266 Shares of Belden Inc $BDC

Wellington Management Group LLP cut its stake in shares of Belden Inc (NYSE:BDC) by 2.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,729,636 shares of the industrial products company’s stock after selling 48,266 shares during the period. Wellington Management Group LLP’s holdings in Belden were worth $173,396,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of BDC. Opal Wealth Advisors LLC purchased a new position in shares of Belden in the first quarter worth approximately $35,000. Quarry LP increased its holdings in Belden by 208.7% during the fourth quarter. Quarry LP now owns 392 shares of the industrial products company’s stock valued at $44,000 after buying an additional 265 shares during the last quarter. GAMMA Investing LLC raised its position in Belden by 34.7% in the first quarter. GAMMA Investing LLC now owns 446 shares of the industrial products company’s stock worth $45,000 after acquiring an additional 115 shares during the period. Banque Cantonale Vaudoise purchased a new position in shares of Belden during the 1st quarter worth $47,000. Finally, Public Employees Retirement System of Ohio bought a new stake in shares of Belden during the 4th quarter valued at $61,000. Institutional investors own 98.75% of the company’s stock.

Belden Stock Down 2.1%

Shares of BDC opened at $123.4560 on Thursday. The business’s 50 day moving average is $120.50 and its 200 day moving average is $110.44. The company has a current ratio of 1.99, a quick ratio of 1.35 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 $132.99. The company has a market capitalization of $4.89 billion, a PE ratio of 22.37 and a beta of 1.28.

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

Wall Street Analysts Forecast Growth

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

Insider Transactions at Belden

In related news, SVP Brian Edward Anderson sold 7,158 shares of the 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 sale, the senior vice president owned 39,574 shares in the company, valued at approximately $5,164,802.74. This represents a 15.32% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 1.48% of the stock is currently owned by company insiders.

Belden Profile

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.