Janus Henderson Group PLC Raises Stake in Belden Inc $BDC

Janus Henderson Group PLC grew its position in Belden Inc (NYSE:BDC) by 351.7% in the first quarter, HoldingsChannel.com reports. The firm owned 155,674 shares of the industrial products company’s stock after acquiring an additional 121,210 shares during the period. Janus Henderson Group PLC’s holdings in Belden were worth $17,878,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Altshuler Shaham Ltd raised its position in shares of Belden by 13.7% during the 1st quarter. Altshuler Shaham Ltd now owns 16,916 shares of the industrial products company’s stock valued at $1,942,000 after purchasing an additional 2,044 shares during the period. Amundi lifted its stake in shares of Belden by 85.7% during the 1st quarter. Amundi now owns 8,357 shares of the industrial products company’s stock valued at $960,000 after buying an additional 3,856 shares in the last quarter. California State Teachers Retirement System boosted its holdings in Belden by 22.1% in the 1st quarter. California State Teachers Retirement System now owns 45,876 shares of the industrial products company’s stock worth $5,268,000 after buying an additional 8,294 shares during the period. Rithm Capital Corp. bought a new position in Belden in the 1st quarter worth $1,166,000. Finally, Quantinno Capital Management LP increased its stake in Belden by 44.4% in the 1st quarter. Quantinno Capital Management LP now owns 7,037 shares of the industrial products company’s stock worth $808,000 after buying an additional 2,163 shares in the last quarter. 98.75% of the stock is owned by hedge funds and other institutional investors.

Belden Stock Performance

Shares of Belden stock opened at $123.27 on Tuesday. The company has a quick ratio of 1.49, a current ratio of 2.14 and a debt-to-equity ratio of 0.89. The stock’s fifty day moving average is $110.93 and its two-hundred day moving average is $119.40. Belden Inc has a 52 week low of $98.00 and a 52 week high of $159.99. The company has a market capitalization of $4.80 billion, a PE ratio of 20.04 and a beta of 1.12.

Belden (NYSE:BDC) last released its earnings results on Thursday, July 30th. The industrial products company reported $2.34 earnings per share for the quarter, topping the consensus estimate of $2.02 by $0.32. The business had revenue of $750.16 million during the quarter, compared to the consensus estimate of $746.75 million. Belden had a return on equity of 25.00% and a net margin of 8.52%.The business’s revenue for the quarter was up 11.6% compared to the same quarter last year. During the same period last year, the company earned $1.89 earnings per share. Belden has set its Q3 2026 guidance at 2.150-2.300 EPS. As a group, analysts expect that Belden Inc will post 8.22 earnings per share for the current year.

Belden Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 9th. Shareholders of record on Tuesday, June 16th were given 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 Tuesday, June 16th. Belden’s payout ratio is 3.25%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Fox Advisors raised Belden from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 9th. Wall Street Zen raised Belden from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Truist Financial reiterated a “buy” rating and set a $145.00 target price (down from $155.00) on shares of Belden in a research report on Friday. Weiss Ratings downgraded Belden from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, July 29th. Finally, DA Davidson assumed coverage on Belden in a report on Tuesday, June 16th. They issued a “buy” rating and a $155.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $156.25.

Belden 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.