Segall Bryant & Hamill LLC Sells 6,924 Shares of Belden Inc $BDC

Segall Bryant & Hamill LLC reduced its holdings in shares of Belden Inc (NYSE:BDC) by 1.6% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 421,344 shares of the industrial products company’s stock after selling 6,924 shares during the quarter. Belden accounts for about 0.7% of Segall Bryant & Hamill LLC’s investment portfolio, making the stock its 20th largest holding. Segall Bryant & Hamill LLC’s holdings in Belden were worth $48,792,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Polen Capital Management LLC lifted its position in Belden by 26.8% in the 1st quarter. Polen Capital Management LLC now owns 30,665 shares of the industrial products company’s stock worth $3,074,000 after buying an additional 6,483 shares during the last quarter. Citigroup Inc. boosted its holdings 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 purchasing an additional 28,936 shares during the period. Summit Financial LLC bought a new stake in shares of Belden in the first quarter worth about $231,000. Allspring Global Investments Holdings LLC grew its stake in shares of Belden by 2.7% in the second quarter. Allspring Global Investments Holdings LLC now owns 1,071,846 shares of the industrial products company’s stock worth $126,328,000 after purchasing an additional 28,336 shares during the last quarter. Finally, Entropy Technologies LP increased its holdings in Belden by 108.1% during the 1st quarter. Entropy Technologies LP now owns 4,995 shares of the industrial products company’s stock valued at $501,000 after purchasing an additional 2,595 shares during the period. 98.75% of the stock is currently owned by hedge funds and other institutional investors.

Belden Trading Up 4.1%

Shares of NYSE BDC opened at $110.71 on Friday. Belden Inc has a 1 year low of $83.18 and a 1 year high of $133.77. The stock has a market cap of $4.35 billion, a P/E ratio of 20.06 and a beta of 1.26. The firm has a 50-day moving average of $118.31 and a 200 day moving average of $118.74. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.99 and a quick ratio of 1.35.

Belden (NYSE:BDC) last announced its earnings results on Thursday, October 30th. The industrial products company reported $1.97 earnings per share for the quarter, beating analysts’ consensus estimates of $1.90 by $0.07. Belden had a net margin of 8.60% and a return on equity of 23.29%. The business had revenue of $698.22 million during the quarter, compared to the consensus estimate of $679.61 million. During the same quarter last year, the firm earned $1.70 earnings per share. The business’s revenue for the quarter was up 6.6% on a year-over-year basis. Belden has set its Q4 2025 guidance at 1.900-2.000 EPS. As a group, sell-side analysts expect that Belden Inc will post 7.07 EPS for the current fiscal year.

Belden Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 8th. Shareholders of record on Thursday, December 11th will be paid a dividend of $0.05 per share. The ex-dividend date is Thursday, December 11th. This represents a $0.20 dividend on an annualized basis and a yield of 0.2%. Belden’s payout ratio is presently 3.55%.

Analysts Set New Price Targets

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

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.