Hillsdale Investment Management Inc. Trims Position in Belden Inc $BDC

Hillsdale Investment Management Inc. decreased its position in Belden Inc (NYSE:BDC) by 12.8% during the third quarter, Holdings Channel reports. The fund owned 44,300 shares of the industrial products company’s stock after selling 6,500 shares during the period. Hillsdale Investment Management Inc.’s holdings in Belden were worth $5,328,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Belden by 1.9% during the 3rd quarter. Vanguard Group Inc. now owns 4,893,012 shares of the industrial products company’s stock valued at $588,483,000 after purchasing an additional 93,274 shares during the last quarter. Channing Capital Management LLC grew its position in Belden by 16.2% during the second quarter. Channing Capital Management LLC now owns 625,893 shares of the industrial products company’s stock valued at $72,478,000 after buying an additional 87,400 shares during the period. Bank of New York Mellon Corp increased its holdings in Belden by 5.4% during the second quarter. Bank of New York Mellon Corp now owns 621,671 shares of the industrial products company’s stock valued at $71,989,000 after buying an additional 31,834 shares during the last quarter. Norges Bank bought a new position in Belden in the second quarter worth approximately $55,804,000. Finally, Newport Trust Company LLC boosted its stake in shares of Belden by 1.0% during the 3rd quarter. Newport Trust Company LLC now owns 331,766 shares of the industrial products company’s stock worth $39,901,000 after acquiring an additional 3,321 shares during the last quarter. 98.75% of the stock is currently owned by institutional investors.

Belden Stock Up 0.7%

BDC opened at $145.68 on Friday. The stock has a market cap of $5.65 billion, a price-to-earnings ratio of 24.65 and a beta of 1.20. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.36 and a current ratio of 1.93. The firm’s fifty day moving average is $124.41 and its 200 day moving average is $122.13. Belden Inc has a fifty-two week low of $83.18 and a fifty-two week high of $159.99.

Belden (NYSE:BDC) last posted its quarterly earnings results on Thursday, February 12th. The industrial products company reported $2.08 EPS for the quarter, beating analysts’ consensus estimates of $1.93 by $0.15. Belden had a return on equity of 24.43% and a net margin of 8.75%.The business had revenue of $720.12 million for the quarter, compared to analysts’ expectations of $696.97 million. During the same period last year, the firm earned $1.92 earnings per share. The business’s quarterly revenue was up 8.1% on a year-over-year basis. Belden has set its Q1 2026 guidance at 1.650-1.750 EPS. On average, sell-side analysts forecast that Belden Inc will post 7.07 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Weiss Ratings raised shares of Belden from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday. Truist Financial boosted their price target on Belden from $149.00 to $150.00 and gave the company a “buy” rating in a report on Friday, December 19th. Benchmark upped their price target on Belden from $145.00 to $175.00 and gave the stock a “buy” rating in a research report on Friday, February 13th. Finally, Wall Street Zen raised Belden from a “hold” rating to a “buy” rating in a research note on Saturday, January 17th. Four research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Belden has an average rating of “Buy” and an average target price of $148.33.

Insiders Place Their Bets

In related news, Director Jonathan C. Klein sold 3,000 shares of Belden stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $124.19, for a total transaction of $372,570.00. Following the sale, the director owned 8,353 shares of the company’s stock, valued at approximately $1,037,359.07. This trade represents a 26.42% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Hiran Bhadra sold 1,600 shares of the company’s stock in a transaction that occurred on Friday, December 5th. The stock was sold at an average price of $120.00, for a total value of $192,000.00. Following the completion of the transaction, the senior vice president owned 26,119 shares of the company’s stock, valued at $3,134,280. The trade was a 5.77% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 16,045 shares of company stock worth $2,010,690 over the last quarter. Company insiders own 1.48% of the company’s stock.

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.