Madison Asset Management LLC Invests $1.84 Million in Belden Inc $BDC

Madison Asset Management LLC acquired a new stake in Belden Inc (NYSE:BDC) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 15,336 shares of the industrial products company’s stock, valued at approximately $1,839,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Caitong International Asset Management Co. Ltd lifted its stake 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 acquiring an additional 259 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in Belden by 134.1% during the second quarter. EverSource Wealth Advisors LLC now owns 288 shares of the industrial products company’s stock worth $33,000 after purchasing an additional 165 shares during the period. Fairscale Capital LLC purchased a new stake in Belden during the fourth quarter worth about $51,000. Smartleaf Asset Management LLC lifted its position 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 acquired a new stake in shares of Belden during the fourth quarter worth about $62,000. Hedge funds and other institutional investors own 98.75% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on BDC shares. DA Davidson lifted their price objective on shares of Belden from $155.00 to $170.00 and gave the company a “buy” rating in a report on Wednesday. Citigroup began coverage on shares of Belden in a report on Friday, June 26th. They set a “buy” rating and a $150.00 target price on the stock. Zacks Research raised shares of Belden from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 4th. Truist Financial restated a “buy” rating and issued a $145.00 price target (down from $155.00) on shares of Belden in a research note on Friday, July 31st. Finally, Weiss Ratings lowered Belden from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, July 29th. Two equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $160.00.

Belden Stock Performance

Shares of BDC opened at $124.25 on Friday. The stock has a 50-day simple moving average of $117.22 and a 200-day simple moving average of $120.73. 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 stock has a market capitalization of $4.86 billion, a PE 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 released its earnings results on Thursday, July 30th. The industrial products company reported $2.34 earnings per share for the quarter, topping analysts’ consensus estimates of $2.02 by $0.32. The firm had revenue of $750.16 million for 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 period in the prior year, the firm earned $1.89 earnings per share. Belden has set its Q3 2026 guidance at 2.150-2.300 EPS. On average, analysts predict that Belden Inc will post 8.69 earnings per share for the current fiscal year.

Belden Dividend Announcement

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

About Belden

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.