Keebeck Wealth Management Purchases New Position in Belden Inc $BDC

Keebeck Wealth Management purchased a new position in Belden Inc (NYSE:BDC) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,442 shares of the industrial products company’s stock, valued at approximately $533,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Caitong International Asset Management Co. Ltd raised its position in shares of Belden by 12,950.0% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 261 shares of the industrial products company’s stock worth $31,000 after acquiring an additional 259 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of Belden by 134.1% during the second quarter. EverSource Wealth Advisors LLC now owns 288 shares of the industrial products company’s stock valued at $33,000 after purchasing an additional 165 shares in the last quarter. Allworth Financial LP purchased a new stake in Belden in the second quarter worth $35,000. Smartleaf Asset Management LLC grew its stake in Belden by 32.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 437 shares of the industrial products company’s stock worth $52,000 after purchasing an additional 106 shares during the period. Finally, Fairscale Capital LLC bought a new position in Belden in the fourth quarter worth $51,000. 98.75% of the stock is currently owned by hedge funds and other institutional investors.

Belden Trading Down 1.3%

Shares of NYSE BDC opened at $122.33 on Friday. The firm’s 50 day moving average price is $117.36 and its 200-day moving average price is $120.74. 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 cap of $4.78 billion, a PE ratio of 19.89 and a beta of 1.13.

Belden (NYSE:BDC) last announced its quarterly earnings results on Thursday, July 30th. The industrial products company reported $2.34 earnings per share for the quarter, beating the consensus estimate of $2.02 by $0.32. Belden had a net margin of 8.52% and a return on equity of 25.00%. The company had revenue of $750.16 million during the quarter, compared to the consensus estimate of $746.75 million. During the same quarter last year, the firm earned $1.89 earnings per share. The firm’s quarterly 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. On average, equities research analysts expect that Belden Inc will post 8.69 EPS for the current fiscal year.

Belden Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 8th. Shareholders of record on Wednesday, September 16th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Wednesday, September 16th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.2%. Belden’s dividend payout ratio (DPR) is presently 3.25%.

Wall Street Analyst Weigh In

BDC has been the topic of a number of research reports. Weiss Ratings cut shares of Belden from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, July 29th. Citigroup initiated coverage on Belden in a research report on Friday, June 26th. They set a “buy” rating and a $150.00 price objective for the company. DA Davidson lifted their price objective on Belden from $155.00 to $170.00 and gave the company a “buy” rating in a research note on Wednesday. Zacks Research raised Belden from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 4th. Finally, Wall Street Zen raised Belden from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 1st. Two equities research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $160.00.

Belden 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.