Wellington Management Group LLP Reduces Stock Holdings in Belden Inc $BDC

Wellington Management Group LLP reduced its position in shares of Belden Inc (NYSE:BDC) by 9.9% in the 2nd quarter, Holdings Channel.com reports. The firm owned 1,431,187 shares of the industrial products company’s stock after selling 157,218 shares during the quarter. Wellington Management Group LLP’s holdings in Belden were worth $171,614,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of BDC. Ancora Advisors LLC acquired a new position in Belden in the 2nd quarter valued at about $27,000. Caitong International Asset Management Co. Ltd increased its holdings in shares of Belden by 12,950.0% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 261 shares of the industrial products company’s stock worth $31,000 after buying an additional 259 shares during the last quarter. Allworth Financial LP acquired a new stake in shares of Belden during the 2nd quarter worth approximately $35,000. EverSource Wealth Advisors LLC raised its position in shares of Belden by 134.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 288 shares of the industrial products company’s stock valued at $33,000 after buying an additional 165 shares during the period. Finally, Caitlin John LLC purchased a new stake in shares of Belden during the 2nd quarter valued at approximately $49,000. 98.75% of the stock is owned by hedge funds and other institutional investors.

Belden Stock Down 1.0%

Belden stock opened at $114.01 on Tuesday. The company has a market capitalization of $4.46 billion, a PE ratio of 18.54 and a beta of 1.12. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.49 and a current ratio of 2.14. Belden Inc has a fifty-two week low of $98.00 and a fifty-two week high of $159.99. The firm has a 50 day moving average price of $116.96 and a 200 day moving average price of $119.97.

Belden (NYSE:BDC) last released its quarterly 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 in the prior year, the firm earned $1.89 earnings per share. The firm’s revenue was up 11.6% compared to the same quarter last year. Belden has set its Q3 2026 guidance at 2.150-2.300 EPS. Research analysts expect that Belden Inc will post 8.69 earnings per share for the current year.

Belden Dividend Announcement

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

Analyst Ratings Changes

Several brokerages recently weighed in on BDC. Weiss Ratings lowered Belden from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, July 29th. Wall Street Zen downgraded Belden from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Truist Financial reaffirmed a “buy” rating and issued a $145.00 price target (down from $155.00) on shares of Belden in a research note on Friday, July 31st. Zacks Research raised Belden from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 4th. Finally, Citigroup assumed coverage on shares of Belden in a report on Friday, June 26th. They issued a “buy” rating and a $150.00 price objective on the stock. Two analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $160.00.

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.