Belden Inc $BDC Stock Holdings Lessened by Bank of New York Mellon Corp

Bank of New York Mellon Corp cut its holdings in Belden Inc (NYSE:BDC) by 6.9% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 493,595 shares of the industrial products company’s stock after selling 36,375 shares during the period. Bank of New York Mellon Corp’s holdings in Belden were worth $56,679,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Crossmark Global Holdings Inc. raised its position in shares of Belden by 4.6% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 2,290 shares of the industrial products company’s stock worth $275,000 after purchasing an additional 100 shares during the period. Smartleaf Asset Management LLC boosted its position in Belden by 32.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 437 shares of the industrial products company’s stock valued at $52,000 after purchasing an additional 106 shares during the period. PNC Financial Services Group Inc. grew its stake in Belden by 12.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,025 shares of the industrial products company’s stock worth $119,000 after buying an additional 116 shares during the last quarter. Captrust Financial Advisors grew its stake in Belden by 3.8% during the 2nd quarter. Captrust Financial Advisors now owns 3,904 shares of the industrial products company’s stock worth $452,000 after buying an additional 142 shares during the last quarter. Finally, Vise Technologies Inc. increased its position in Belden by 2.1% in the third quarter. Vise Technologies Inc. now owns 7,058 shares of the industrial products company’s stock worth $849,000 after buying an additional 144 shares during the period. Institutional investors own 98.75% of the company’s stock.

Wall Street Analysts Forecast Growth

BDC has been the topic of a number of recent research reports. Truist Financial raised their target price on Belden from $150.00 to $155.00 and gave the company a “buy” rating in a research note on Thursday, July 2nd. Wall Street Zen upgraded shares of Belden from a “hold” rating to a “buy” rating in a research report on Monday. DA Davidson assumed coverage on Belden in a report on Tuesday, June 16th. They set a “buy” rating and a $155.00 price target on the stock. Weiss Ratings upgraded Belden from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, July 14th. Finally, Fox Advisors raised Belden from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 9th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $158.75.

Belden Stock Performance

NYSE:BDC opened at $102.99 on Friday. The company has a 50-day moving average of $110.00 and a 200-day moving average of $119.62. The firm has a market cap of $4.01 billion, a price-to-earnings ratio of 17.34 and a beta of 1.12. 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 twelve month low of $98.00 and a twelve month high of $159.99.

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

Belden Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 9th. Investors of record on Tuesday, June 16th were issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date was Tuesday, June 16th. Belden’s payout ratio is presently 3.37%.

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.