Renaissance Group LLC Acquires 13,911 Shares of Belden Inc $BDC

Renaissance Group LLC increased its holdings in shares of Belden Inc (NYSE:BDC) by 29.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 60,533 shares of the industrial products company’s stock after purchasing an additional 13,911 shares during the quarter. Renaissance Group LLC owned approximately 0.15% of Belden worth $7,010,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Polen Capital Management LLC grew its holdings in Belden by 26.8% during the 1st quarter. Polen Capital Management LLC now owns 30,665 shares of the industrial products company’s stock valued at $3,074,000 after buying an additional 6,483 shares in the last quarter. Citigroup Inc. boosted its position in shares of Belden by 74.0% during the first quarter. Citigroup Inc. now owns 68,015 shares of the industrial products company’s stock worth $6,819,000 after acquiring an additional 28,936 shares during the last quarter. Summit Financial LLC purchased a new position in Belden during the first quarter valued at $231,000. Allspring Global Investments Holdings LLC increased its holdings in Belden by 2.7% in the 2nd 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 during the last quarter. Finally, Entropy Technologies LP lifted its stake in Belden by 108.1% in the 1st quarter. Entropy Technologies LP now owns 4,995 shares of the industrial products company’s stock worth $501,000 after purchasing an additional 2,595 shares in the last quarter. 98.75% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Belden Trading Down 0.7%

BDC opened at $108.15 on Wednesday. The stock has a 50-day moving average of $119.68 and a 200 day moving average of $118.86. 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 $133.77. The firm has a market cap of $4.25 billion, a P/E ratio of 19.59 and a beta of 1.26.

Belden (NYSE:BDC) last posted its quarterly earnings data on Thursday, October 30th. The industrial products company reported $1.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.90 by $0.07. The business had revenue of $698.22 million during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period last year, the company earned $1.70 EPS. Belden has set its Q4 2025 guidance at 1.900-2.000 EPS. As a group, research analysts forecast that Belden Inc will post 7.07 EPS for the current year.

Belden Dividend Announcement

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

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.