Oppenheimer Asset Management Inc. Lowers Position in Belden Inc $BDC

Oppenheimer Asset Management Inc. decreased its holdings in shares of Belden Inc (NYSE:BDC) by 24.9% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 13,444 shares of the industrial products company’s stock after selling 4,455 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Belden were worth $1,557,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in BDC. Invesco Ltd. boosted its position in shares of Belden by 37.2% during the 1st quarter. Invesco Ltd. now owns 1,024,497 shares of the industrial products company’s stock valued at $102,706,000 after acquiring an additional 277,782 shares during the last quarter. Nuveen LLC purchased a new stake in Belden in the first quarter valued at approximately $13,517,000. Price T Rowe Associates Inc. MD lifted its position in Belden by 18.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 821,118 shares of the industrial products company’s stock valued at $82,319,000 after purchasing an additional 125,722 shares during the last quarter. Victory Capital Management Inc. grew its stake in Belden by 13.5% in the 1st quarter. Victory Capital Management Inc. now owns 439,452 shares of the industrial products company’s stock worth $44,055,000 after buying an additional 52,400 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new position in Belden in the 1st quarter worth approximately $5,181,000. 98.75% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on BDC shares. Benchmark raised their price objective on shares of Belden from $130.00 to $145.00 and gave the company a “buy” rating in a research report on Friday, August 1st. Weiss Ratings reissued a “hold (c+)” rating on shares of Belden in a research note on Wednesday, October 8th. The Goldman Sachs Group restated a “buy” rating on shares of Belden in a research report on Friday, July 11th. Finally, Wall Street Zen cut Belden from a “strong-buy” rating to a “buy” rating in a report on Sunday, August 3rd. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $136.50.

Belden Price Performance

Shares of NYSE:BDC opened at $122.18 on Friday. The company has a quick ratio of 1.35, a current ratio of 1.99 and a debt-to-equity ratio of 1.03. The stock has a market cap of $4.84 billion, a PE ratio of 22.13 and a beta of 1.26. The company’s fifty day moving average is $123.34 and its 200 day moving average is $116.96. Belden Inc has a 52 week low of $83.18 and a 52 week high of $133.77.

Belden (NYSE:BDC) last announced 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 for the quarter, compared to analysts’ expectations of $679.61 million. Belden had a return on equity of 23.29% and a net margin of 8.60%.The company’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same period last year, the firm earned $1.70 earnings per share. Belden has set its Q4 2025 guidance at 1.900-2.000 EPS. Research analysts anticipate that Belden Inc will post 7.07 earnings per share for the current year.

Belden Announces Dividend

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

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.