California Public Employees Retirement System Lowers Holdings in Belden Inc $BDC

California Public Employees Retirement System lowered its holdings in Belden Inc (NYSE:BDC) by 8.1% in the first quarter, HoldingsChannel reports. The firm owned 69,970 shares of the industrial products company’s stock after selling 6,141 shares during the quarter. California Public Employees Retirement System’s holdings in Belden were worth $8,035,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in BDC. UBS Group AG boosted its position in Belden by 15.0% in the 4th quarter. UBS Group AG now owns 213,489 shares of the industrial products company’s stock valued at $24,882,000 after buying an additional 27,827 shares during the period. Wesbanco Bank Inc. purchased a new stake in shares of Belden during the fourth quarter worth $1,166,000. Pier Capital LLC purchased a new stake in shares of Belden during the fourth quarter worth $7,473,000. Leeward Investments LLC MA raised its stake in shares of Belden by 5.3% in the first quarter. Leeward Investments LLC MA now owns 137,376 shares of the industrial products company’s stock valued at $15,775,000 after acquiring an additional 6,923 shares in the last quarter. Finally, M&T Bank Corp acquired a new stake in shares of Belden in the fourth quarter valued at $1,466,000. 98.75% of the stock is owned by hedge funds and other institutional investors.

Belden Stock Down 0.2%

BDC opened at $102.84 on Friday. Belden Inc has a one year low of $98.00 and a one year high of $159.99. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.40 and a current ratio of 2.09. The stock has a market capitalization of $4.00 billion, a P/E ratio of 17.31 and a beta of 1.12. The business’s 50-day simple moving average is $109.94 and its 200-day simple moving average is $119.51.

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

Belden Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 9th. Shareholders of record on Tuesday, June 16th were given a dividend of $0.05 per share. 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 dividend payout ratio (DPR) is presently 3.37%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Weiss Ratings raised Belden from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, July 14th. DA Davidson started coverage on shares of Belden in a report on Tuesday, June 16th. They issued a “buy” rating and a $155.00 target price on the stock. Fox Advisors raised Belden from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 9th. Citigroup assumed coverage on Belden in a research report on Friday, June 26th. They set a “buy” rating and a $150.00 price objective for the company. Finally, Truist Financial increased their price objective on Belden from $150.00 to $155.00 and gave the company a “buy” rating in a report on Thursday, July 2nd. 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’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $158.75.

Belden Company 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.