The Manufacturers Life Insurance Company Takes Position in Belden Inc $BDC

The Manufacturers Life Insurance Company bought a new position in shares of Belden Inc (NYSE:BDC – Free Report) during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund bought 35,613 shares of the industrial products company’s stock, valued at approximately $4,270,000. The Manufacturers Life Insurance Company owned 0.09% of Belden at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Caitong International Asset Management Co. Ltd increased its holdings 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 valued at $31,000 after purchasing an additional 259 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings 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 buying an additional 165 shares in the last quarter. Allworth Financial LP purchased a new stake in shares of Belden during the 2nd quarter worth approximately $35,000. Fairscale Capital LLC purchased a new stake in shares of Belden during the 4th quarter worth approximately $51,000. Finally, Smartleaf Asset Management LLC grew its holdings in shares of Belden by 32.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 437 shares of the industrial products company’s stock worth $52,000 after acquiring an additional 106 shares during the period. 98.75% of the stock is owned by hedge funds and other institutional investors.

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Belden Trading Down 1.0%

Shares of BDC opened at $114.01 on Tuesday. Belden Inc has a twelve month low of $98.00 and a twelve month high of $159.99. The firm has a market capitalization of $4.46 billion, a P/E ratio of 18.54 and a beta of 1.12. The company has a current ratio of 2.14, a quick ratio of 1.49 and a debt-to-equity ratio of 0.89. The stock’s fifty day simple moving average is $116.96 and its 200 day simple moving average is $119.97.

Belden (NYSE:BDC – Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The industrial products company reported $2.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.02 by $0.32. The company had revenue of $750.16 million during the quarter, compared to analyst estimates of $746.75 million. Belden had a net margin of 8.52% and a return on equity of 25.00%. The business’s quarterly revenue was up 11.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.89 earnings per share. Belden has set its Q3 2026 guidance at 2.150-2.300 EPS. On average, equities research analysts forecast that Belden Inc will post 8.69 earnings per share for the current year.

Belden Announces Dividend

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

Wall Street Analyst Weigh In

A number of brokerages have issued reports on BDC. Truist Financial restated a “buy” rating and set a $145.00 target price (down from $155.00) on shares of Belden in a research report on Friday, July 31st. Weiss Ratings lowered shares of Belden from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, July 29th. Citigroup assumed 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 upped their target price on Belden from $155.00 to $170.00 and gave the company a “buy” rating in a research note on Wednesday, August 19th. Finally, Zacks Research upgraded Belden from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 4th. Two equities research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $160.00.

Get Our Latest Analysis on BDC

About Belden

(Free Report)

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.

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