UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Trims Position in Belden Inc $BDC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its stake in shares of Belden Inc (NYSE:BDC) by 4.0% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 109,207 shares of the industrial products company’s stock after selling 4,561 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Belden were worth $13,095,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of BDC. Crossmark Global Holdings Inc. grew its stake in Belden by 4.6% during the third quarter. Crossmark Global Holdings Inc. now owns 2,290 shares of the industrial products company’s stock valued at $275,000 after acquiring an additional 100 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in Belden by 10.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,127 shares of the industrial products company’s stock worth $129,000 after purchasing an additional 102 shares in the last quarter. Smartleaf Asset Management LLC boosted its holdings in Belden by 32.0% in 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. Captrust Financial Advisors grew its position in shares of Belden by 3.8% during the 2nd quarter. Captrust Financial Advisors now owns 3,904 shares of the industrial products company’s stock valued at $452,000 after purchasing an additional 142 shares in the last quarter. Finally, Vise Technologies Inc. grew its position in shares of Belden by 2.1% during the 3rd quarter. Vise Technologies Inc. now owns 7,058 shares of the industrial products company’s stock valued at $849,000 after purchasing an additional 144 shares in the last quarter. 98.75% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Weiss Ratings upgraded Belden from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday. Truist Financial restated a “buy” rating and set a $145.00 target price (down from $155.00) on shares of Belden in a research report on Friday, July 31st. Fox Advisors upgraded Belden from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 9th. Wall Street Zen downgraded Belden from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 29th. Finally, Citigroup initiated coverage on Belden in a report on Friday, June 26th. They set a “buy” rating and a $150.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $160.00.

Belden Stock Performance

NYSE BDC opened at $122.22 on Friday. Belden Inc has a 52-week low of $98.00 and a 52-week high of $159.99. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.49 and a current ratio of 2.14. The company has a market capitalization of $4.78 billion, a P/E ratio of 19.87 and a beta of 1.09. The company has a fifty day moving average of $116.80 and a 200-day moving average of $119.33.

Belden (NYSE:BDC) last released its earnings results on Thursday, July 30th. The industrial products company reported $2.34 EPS for the quarter, beating 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 business had revenue of $750.16 million for the quarter, compared to analysts’ expectations of $746.75 million. During the same quarter in the prior year, the firm earned $1.89 earnings per share. The firm’s revenue was up 11.6% on a year-over-year basis. Belden has set its Q3 2026 guidance at 2.150-2.300 EPS. As a group, equities research analysts predict that Belden Inc will post 8.69 EPS for the current fiscal year.

Belden Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 8th. Investors of record on Wednesday, September 16th will be issued 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 dividend payout ratio (DPR) is currently 3.25%.

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.