Great Lakes Advisors LLC Makes New $4.23 Million Investment in Belden Inc $BDC

Great Lakes Advisors LLC acquired a new position in Belden Inc (NYSE:BDC) in the 2nd quarter, Holdings Channel reports. The firm acquired 35,276 shares of the industrial products company’s stock, valued at approximately $4,230,000.

A number of other hedge funds have also made changes to their positions in BDC. Caitong International Asset Management Co. Ltd boosted its position in 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 purchasing an additional 259 shares during the period. EverSource Wealth Advisors LLC raised its position in Belden by 134.1% in 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 during the period. Fairscale Capital LLC acquired a new position in shares of Belden during the fourth quarter worth about $51,000. Smartleaf Asset Management LLC lifted its stake in shares of Belden by 32.0% during 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 in the last quarter. Finally, Torren Management LLC purchased a new stake in shares of Belden in the fourth quarter worth about $62,000. Hedge funds and other institutional investors own 98.75% of the company’s stock.

Belden Stock Performance

NYSE:BDC opened at $124.25 on Friday. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.14 and a quick ratio of 1.49. The firm has a 50-day moving average of $117.22 and a two-hundred day moving average of $120.73. The stock has a market cap of $4.86 billion, a P/E ratio of 20.20 and a beta of 1.13. Belden Inc has a 1-year low of $98.00 and a 1-year high of $159.99.

Belden (NYSE:BDC) last announced its earnings results on Thursday, July 30th. The industrial products company reported $2.34 earnings per share (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 business had revenue of $750.16 million for the quarter, compared to analyst estimates of $746.75 million. During the same period in the previous year, the company earned $1.89 earnings per share. The company’s revenue for the quarter 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, research analysts expect that Belden Inc will post 8.69 earnings per share for the current fiscal year.

Belden Dividend Announcement

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 given a $0.05 dividend. 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 is presently 3.25%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. DA Davidson increased their target price on Belden from $155.00 to $170.00 and gave the company a “buy” rating in a research note on Wednesday. Truist Financial reissued a “buy” rating and set a $145.00 price target (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 report on Thursday, July 9th. Weiss Ratings downgraded shares of Belden from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, July 29th. Finally, Zacks Research upgraded shares of Belden from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 4th. Two investment analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Buy” and an average price target of $160.00.

Belden Company 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.