Keebeck Wealth Management Takes $533,000 Position in Belden Inc $BDC

Keebeck Wealth Management purchased a new position in Belden Inc (NYSE:BDC) in the second quarter, Holdings Channel.com reports. The firm purchased 4,442 shares of the industrial products company’s stock, valued at approximately $533,000.

Other hedge funds have also recently made changes to their positions in the company. Millennium Management LLC lifted its position in Belden by 9.6% during the first quarter. Millennium Management LLC now owns 78,865 shares of the industrial products company’s stock valued at $7,906,000 after purchasing an additional 6,894 shares during the period. United Services Automobile Association bought a new stake in Belden in the 1st quarter worth approximately $264,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Belden by 8.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 131,807 shares of the industrial products company’s stock valued at $13,214,000 after buying an additional 10,077 shares during the last quarter. Jane Street Group LLC raised its stake in Belden by 18.3% during the 1st quarter. Jane Street Group LLC now owns 58,028 shares of the industrial products company’s stock valued at $5,817,000 after buying an additional 8,961 shares during the last quarter. Finally, Acadian Asset Management LLC lifted its holdings in shares of Belden by 273.7% during the 1st quarter. Acadian Asset Management LLC now owns 3,984 shares of the industrial products company’s stock valued at $399,000 after buying an additional 2,918 shares during the period. 98.75% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

BDC has been the topic of a number of research reports. Fox Advisors upgraded Belden from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 9th. Citigroup assumed coverage on Belden in a research report on Friday, June 26th. They issued a “buy” rating and a $150.00 target price on the stock. DA Davidson boosted their price target on Belden from $155.00 to $170.00 and gave the company a “buy” rating in a research note on Wednesday. Weiss Ratings lowered shares of Belden from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, July 29th. Finally, Truist Financial reiterated a “buy” rating and issued a $145.00 price objective (down from $155.00) on shares of Belden in a research note on Friday, July 31st. Two research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, Belden has an average rating of “Buy” and an average target price of $160.00.

Belden Trading Down 1.3%

Shares of BDC stock opened at $122.33 on Friday. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.14 and a quick ratio of 1.49. The company has a market cap of $4.78 billion, a price-to-earnings ratio of 19.89 and a beta of 1.13. Belden Inc has a 1 year low of $98.00 and a 1 year high of $159.99. The firm has a fifty day moving average price of $117.36 and a 200-day moving average price of $120.74.

Belden (NYSE:BDC) last announced its earnings results on Thursday, July 30th. The industrial products company reported $2.34 EPS for the quarter, topping analysts’ consensus estimates of $2.02 by $0.32. Belden had a return on equity of 25.00% and a net margin of 8.52%.The company had revenue of $750.16 million for the quarter, compared to analysts’ expectations of $746.75 million. During the same period last year, the firm earned $1.89 EPS. Belden’s revenue for the quarter was up 11.6% compared to the same quarter last year. Belden has set its Q3 2026 guidance at 2.150-2.300 EPS. As a group, equities analysts predict that Belden Inc will post 8.69 earnings per share for the current year.

Belden Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 8th. Stockholders of record on Wednesday, September 16th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend is Wednesday, September 16th. Belden’s payout ratio is presently 3.25%.

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.