Southernsun Asset Management LLC Sells 124,059 Shares of Belden Inc $BDC

Southernsun Asset Management LLC decreased its position in Belden Inc (NYSE:BDC) by 27.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 320,416 shares of the industrial products company’s stock after selling 124,059 shares during the period. Belden accounts for 5.2% of Southernsun Asset Management LLC’s portfolio, making the stock its 6th largest position. Southernsun Asset Management LLC owned 0.81% of Belden worth $37,104,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. iSAM Funds UK Ltd lifted its position in Belden by 143.7% during the 2nd quarter. iSAM Funds UK Ltd now owns 6,777 shares of the industrial products company’s stock valued at $785,000 after purchasing an additional 3,996 shares during the period. California Public Employees Retirement System raised its stake in shares of Belden by 0.7% during the second quarter. California Public Employees Retirement System now owns 72,509 shares of the industrial products company’s stock worth $8,397,000 after buying an additional 472 shares during the last quarter. Cerity Partners LLC raised its stake in shares of Belden by 3.3% during the second quarter. Cerity Partners LLC now owns 10,694 shares of the industrial products company’s stock worth $1,238,000 after buying an additional 337 shares during the last quarter. Federated Hermes Inc. lifted its holdings in Belden by 26.0% in the second quarter. Federated Hermes Inc. now owns 5,087 shares of the industrial products company’s stock valued at $589,000 after buying an additional 1,050 shares during the period. Finally, Gabelli Funds LLC boosted its stake in Belden by 5.1% in the second quarter. Gabelli Funds LLC now owns 4,100 shares of the industrial products company’s stock valued at $475,000 after acquiring an additional 200 shares during the last quarter. 98.75% of the stock is owned by institutional investors.

Belden Stock Performance

Shares of NYSE:BDC opened at $123.16 on Tuesday. The firm’s 50 day simple moving average is $115.69 and its 200 day simple moving average is $119.37. Belden Inc has a fifty-two week low of $83.18 and a fifty-two week high of $133.77. The company has a market capitalization of $4.84 billion, a price-to-earnings ratio of 21.88 and a beta of 1.19. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.99 and a quick ratio of 1.37.

Belden (NYSE:BDC) last issued its earnings results on Thursday, October 30th. The industrial products company reported $1.97 EPS for the quarter, beating the consensus estimate of $1.90 by $0.07. The firm had revenue of $698.22 million during the quarter, compared to the consensus estimate of $679.61 million. Belden had a net margin of 8.57% and a return on equity of 23.95%. The business’s quarterly revenue was up 6.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.70 earnings per share. Belden has set its Q4 2025 guidance at 1.900-2.000 EPS. As a group, sell-side analysts forecast that Belden Inc will post 7.07 earnings per share for the current year.

Belden Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 8th. Investors of record on Thursday, December 11th will be given a $0.05 dividend. The ex-dividend date is Thursday, December 11th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.2%. Belden’s dividend payout ratio is currently 3.55%.

Insider Buying and Selling at Belden

In other Belden news, SVP Leah Tate sold 2,554 shares of the stock in a transaction dated Wednesday, December 3rd. The stock was sold at an average price of $120.00, for a total value of $306,480.00. Following the completion of the sale, the senior vice president directly owned 27,835 shares in the company, valued at $3,340,200. This represents a 8.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Hiran Bhadra sold 1,600 shares of the firm’s stock in a transaction dated Friday, December 5th. The stock was sold at an average price of $120.00, for a total value of $192,000.00. Following the sale, the senior vice president directly owned 26,119 shares in the company, valued at approximately $3,134,280. This represents a 5.77% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 1.48% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “hold (c+)” rating on shares of Belden in a research report on Wednesday, October 8th. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, Belden currently has an average rating of “Moderate Buy” and an average target price 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.