Police & Firemen s Retirement System of New Jersey Purchases 519 Shares of Belden Inc $BDC

Police & Firemen s Retirement System of New Jersey raised its position in Belden Inc (NYSE:BDC) by 6.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,152 shares of the industrial products company’s stock after acquiring an additional 519 shares during the period. Police & Firemen s Retirement System of New Jersey’s holdings in Belden were worth $1,060,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also made changes to their positions in the company. Invesco Ltd. boosted its position in shares of Belden by 37.2% in the 1st quarter. Invesco Ltd. now owns 1,024,497 shares of the industrial products company’s stock worth $102,706,000 after purchasing an additional 277,782 shares in the last quarter. Nuveen LLC purchased a new stake in Belden in the first quarter valued at about $13,517,000. Price T Rowe Associates Inc. MD boosted its holdings in Belden by 18.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 821,118 shares of the industrial products company’s stock worth $82,319,000 after acquiring an additional 125,722 shares in the last quarter. CSM Advisors LLC purchased a new stake in shares of Belden during the second quarter worth about $6,110,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Belden during the first quarter valued at about $5,181,000. 98.75% of the stock is owned by institutional investors and hedge funds.

Belden Stock Performance

Shares of NYSE BDC opened at $110.71 on Friday. The company has a 50 day simple moving average of $118.31 and a two-hundred day simple moving average of $118.74. The stock has a market cap of $4.35 billion, a price-to-earnings ratio of 20.06 and a beta of 1.26. The company has a current ratio of 1.99, a quick ratio of 1.35 and a debt-to-equity ratio of 1.03. Belden Inc has a 12 month low of $83.18 and a 12 month high of $133.77.

Belden (NYSE:BDC) last issued its earnings results on Thursday, October 30th. The industrial products company reported $1.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.90 by $0.07. Belden had a net margin of 8.60% and a return on equity of 23.29%. The firm had revenue of $698.22 million during the quarter, compared to analysts’ expectations of $679.61 million. During the same quarter last year, the company posted $1.70 earnings per share. The firm’s revenue was up 6.6% compared to the same quarter last year. Belden has set its Q4 2025 guidance at 1.900-2.000 EPS. As a group, analysts predict that Belden Inc will post 7.07 earnings per share for the current year.

Belden Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 8th. Investors of record on Thursday, December 11th will be issued 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 is Thursday, December 11th. Belden’s dividend payout ratio (DPR) is 3.55%.

Wall Street Analyst Weigh In

A number of analysts recently commented on BDC shares. Weiss Ratings reiterated a “hold (c+)” rating on shares of Belden in a research note on Wednesday, October 8th. Benchmark lifted their price objective on shares of Belden from $130.00 to $145.00 and gave the stock a “buy” rating in a research note on Friday, August 1st. Finally, Wall Street Zen downgraded Belden from a “strong-buy” rating to a “buy” rating in a research report on Sunday, August 3rd. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, Belden presently has a consensus rating of “Moderate Buy” and an average price target of $136.67.

About Belden

Belden Inc designs, manufactures, and markets a portfolio of signal transmission solutions for mission critical applications in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. It operates in two segments, Enterprise Solutions and Industrial Automation Solutions. The Enterprise Solutions segment offers copper cable and connectivity solutions, fiber cable and connectivity solutions, interconnect panels, racks and enclosures, and signal extension and matrix switching systems for use in applications, such as local area networks, data centers, access control, 5G, fiber to the home, and building automation.