Fifth Third Bancorp Boosts Holdings in Belden Inc $BDC

Fifth Third Bancorp boosted its position in shares of Belden Inc (NYSE:BDC) by 7,022.5% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 19,017 shares of the industrial products company’s stock after purchasing an additional 18,750 shares during the quarter. Fifth Third Bancorp’s holdings in Belden were worth $2,184,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of BDC. Price T Rowe Associates Inc. MD lifted its stake in shares of Belden by 25.9% in the fourth 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 buying an additional 663,241 shares in the last quarter. Wellington Management Group LLP increased its position in shares of Belden by 15.0% during the fourth quarter. Wellington Management Group LLP now owns 1,685,750 shares of the industrial products company’s stock valued at $196,474,000 after acquiring an additional 219,695 shares in the last quarter. Invesco Ltd. increased its position in shares of Belden by 4.0% during the third quarter. Invesco Ltd. now owns 1,015,651 shares of the industrial products company’s stock valued at $122,152,000 after acquiring an additional 39,096 shares in the last quarter. Geode Capital Management LLC raised its holdings in Belden by 2.6% in the 4th quarter. Geode Capital Management LLC now owns 1,007,189 shares of the industrial products company’s stock worth $117,405,000 after acquiring an additional 25,829 shares during the last quarter. Finally, Victory Capital Management Inc. raised its holdings in Belden by 6.4% in the 4th quarter. Victory Capital Management Inc. now owns 514,968 shares of the industrial products company’s stock worth $60,020,000 after acquiring an additional 31,167 shares during the last quarter. 98.75% of the stock is currently owned by institutional investors.

Belden Stock Performance

Shares of NYSE BDC opened at $101.97 on Wednesday. The company has a current ratio of 2.09, a quick ratio of 1.40 and a debt-to-equity ratio of 0.98. Belden Inc has a 12-month low of $98.00 and a 12-month high of $159.99. The firm has a market capitalization of $3.97 billion, a price-to-earnings ratio of 17.17 and a beta of 1.12. The firm has a 50 day moving average of $110.22 and a 200 day moving average of $119.81.

Belden (NYSE:BDC) last issued its quarterly earnings results on Thursday, April 30th. The industrial products company reported $1.77 earnings per share for the quarter, topping the consensus estimate of $1.70 by $0.07. Belden had a net margin of 8.49% and a return on equity of 24.47%. The business had revenue of $696.38 million for the quarter, compared to analysts’ expectations of $677.03 million. During the same quarter last year, the company posted $1.60 EPS. The company’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. On average, research analysts anticipate that Belden Inc will post 8.22 earnings per share for the current year.

Belden Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, July 9th. Investors 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 yield of 0.2%. Belden’s payout ratio is 3.37%.

Analyst Upgrades and Downgrades

A number of research firms have commented on BDC. Fox Advisors raised Belden from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 9th. Truist Financial increased their price objective on Belden from $150.00 to $155.00 and gave the company a “buy” rating in a research report on Thursday, July 2nd. Citigroup assumed coverage on Belden in a report on Friday, June 26th. They issued a “buy” rating and a $150.00 price objective for the company. Weiss Ratings raised Belden from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, July 14th. Finally, DA Davidson began coverage on shares of Belden in a report on Tuesday, June 16th. They set a “buy” rating and a $155.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $158.75.

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.