Allspring Global Investments Holdings LLC Sells 99,866 Shares of Belden Inc $BDC

Allspring Global Investments Holdings LLC reduced its stake in Belden Inc (NYSE:BDC) by 11.3% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 784,931 shares of the industrial products company’s stock after selling 99,866 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Belden were worth $91,531,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in BDC. Price T Rowe Associates Inc. MD grew its position in Belden by 25.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 3,225,244 shares of the industrial products company’s stock worth $375,903,000 after purchasing an additional 663,241 shares in the last quarter. Wellington Management Group LLP boosted its stake in shares of Belden by 15.0% in the 4th quarter. Wellington Management Group LLP now owns 1,685,750 shares of the industrial products company’s stock worth $196,474,000 after buying an additional 219,695 shares during the last quarter. Invesco Ltd. boosted its stake in shares of Belden by 4.0% in the 3rd quarter. Invesco Ltd. now owns 1,015,651 shares of the industrial products company’s stock worth $122,152,000 after buying an additional 39,096 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Belden by 2.6% in the fourth quarter. Geode Capital Management LLC now owns 1,007,189 shares of the industrial products company’s stock valued at $117,405,000 after acquiring an additional 25,829 shares in the last quarter. Finally, Victory Capital Management Inc. increased its position in shares of Belden by 6.4% during the fourth quarter. Victory Capital Management Inc. now owns 514,968 shares of the industrial products company’s stock valued at $60,020,000 after acquiring an additional 31,167 shares during the last quarter. 98.75% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

BDC has been the topic of a number of recent analyst reports. DA Davidson initiated coverage on Belden in a report on Tuesday, June 16th. They set a “buy” rating and a $155.00 price target on the stock. Wall Street Zen lowered Belden from a “buy” rating to a “hold” rating in a research report on Sunday, July 12th. Citigroup began coverage on Belden in a research note on Friday, June 26th. They set a “buy” rating and a $150.00 target price on the stock. Weiss Ratings upgraded shares of Belden from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday. Finally, Truist Financial raised their price objective on shares of Belden from $150.00 to $155.00 and gave the stock a “buy” rating in a report on Thursday, July 2nd. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, Belden currently has a consensus rating of “Buy” and an average price target of $158.75.

Belden Trading Up 0.2%

Shares of Belden stock opened at $101.43 on Friday. The company has a debt-to-equity ratio of 0.98, a current ratio of 2.09 and a quick ratio of 1.40. Belden Inc has a 1 year low of $98.00 and a 1 year high of $159.99. The firm has a market cap of $3.95 billion, a PE ratio of 17.08 and a beta of 1.12. The company has a 50 day simple moving average of $110.60 and a two-hundred day simple moving average of $120.02.

Belden (NYSE:BDC) last posted its quarterly earnings data on Thursday, April 30th. The industrial products company reported $1.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.70 by $0.07. Belden had a net margin of 8.49% and a return on equity of 24.47%. The company had revenue of $696.38 million during the quarter, compared to the consensus estimate of $677.03 million. During the same period in the previous year, the firm posted $1.60 EPS. The firm’s revenue was up 11.4% compared to the same quarter last year. Belden has set its Q2 2026 guidance at 1.950-2.050 EPS. Analysts expect that Belden Inc will post 8.22 earnings per share for the current fiscal year.

Belden Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 9th. Stockholders of record on Tuesday, June 16th were given a dividend of $0.05 per share. The ex-dividend date was Tuesday, June 16th. This represents a $0.20 annualized dividend and a dividend yield of 0.2%. Belden’s dividend payout ratio is 3.37%.

About Belden

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.