ProShare Advisors LLC Sells 615 Shares of Belden Inc $BDC

ProShare Advisors LLC cut its stake in shares of Belden Inc (NYSE:BDC) by 5.9% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 9,878 shares of the industrial products company’s stock after selling 615 shares during the period. ProShare Advisors LLC’s holdings in Belden were worth $1,144,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. Invesco Ltd. increased its holdings in Belden by 37.2% in the 1st quarter. Invesco Ltd. now owns 1,024,497 shares of the industrial products company’s stock worth $102,706,000 after purchasing an additional 277,782 shares in the last quarter. Nuveen LLC bought a new stake in shares of Belden during the first quarter worth about $13,517,000. Price T Rowe Associates Inc. MD increased its stake in shares of Belden by 18.1% in 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 buying an additional 125,722 shares during the period. CSM Advisors LLC acquired a new position in shares of Belden in the second quarter valued at approximately $6,110,000. Finally, Victory Capital Management Inc. raised its holdings 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 valued at $44,055,000 after buying an additional 52,400 shares during the last quarter. Institutional investors and hedge funds own 98.75% of the company’s stock.

Belden Stock Down 0.4%

Belden stock opened at $111.58 on Monday. The firm has a market cap of $4.39 billion, a price-to-earnings ratio of 20.21 and a beta of 1.26. Belden Inc has a 52-week low of $83.18 and a 52-week high of $133.77. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.35 and a current ratio of 1.99. The firm has a 50 day moving average price of $120.50 and a two-hundred day moving average price of $118.78.

Belden (NYSE:BDC) last posted its quarterly earnings data on Thursday, October 30th. The industrial products company reported $1.97 earnings per share for the quarter, topping the consensus estimate of $1.90 by $0.07. The company had revenue of $698.22 million during the quarter, compared to analysts’ expectations of $679.61 million. Belden had a net margin of 8.60% and a return on equity of 23.29%. Belden’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same period in the prior year, the company posted $1.70 earnings per share. Belden has set its Q4 2025 guidance at 1.900-2.000 EPS. Equities analysts predict that Belden Inc will post 7.07 EPS for the current year.

Belden Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 7th. Stockholders of record on Thursday, September 11th were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend was Thursday, September 11th. Belden’s payout ratio is currently 3.55%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on BDC shares. Weiss Ratings reissued a “hold (c+)” rating on shares of Belden in a report on Wednesday, October 8th. Wall Street Zen cut shares of Belden from a “strong-buy” rating to a “buy” rating in a research note on Sunday, August 3rd. Finally, Benchmark increased their price objective on Belden from $130.00 to $145.00 and gave the company a “buy” rating in a report on Friday, August 1st. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, Belden presently has an average rating of “Moderate Buy” and a consensus target price of $136.67.

Belden Company 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.