Amalgamated Bank Has $2.02 Million Holdings in Belden Inc $BDC

Amalgamated Bank cut its position in shares of Belden Inc (NYSE:BDC) by 3.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,397 shares of the industrial products company’s stock after selling 614 shares during the period. Amalgamated Bank’s holdings in Belden were worth $2,015,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Polen Capital Management LLC raised its stake in shares of Belden by 26.8% during the 1st quarter. Polen Capital Management LLC now owns 30,665 shares of the industrial products company’s stock worth $3,074,000 after purchasing an additional 6,483 shares in the last quarter. Citigroup Inc. raised its stake in shares of Belden by 74.0% during the 1st quarter. Citigroup Inc. now owns 68,015 shares of the industrial products company’s stock worth $6,819,000 after purchasing an additional 28,936 shares in the last quarter. Principal Financial Group Inc. raised its stake in shares of Belden by 0.6% during the 1st quarter. Principal Financial Group Inc. now owns 108,615 shares of the industrial products company’s stock worth $10,889,000 after purchasing an additional 648 shares in the last quarter. Summit Financial LLC purchased a new stake in shares of Belden during the 1st quarter worth about $231,000. Finally, Allspring Global Investments Holdings LLC raised its stake in shares of Belden by 2.7% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,071,846 shares of the industrial products company’s stock worth $126,328,000 after purchasing an additional 28,336 shares in the last quarter. 98.75% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. The Goldman Sachs Group reissued a “buy” rating on shares of Belden in a research note on Friday, July 11th. Benchmark raised their price objective on Belden from $130.00 to $145.00 and gave the company a “buy” rating in a research note on Friday, August 1st. Weiss Ratings reissued a “hold (c+)” rating on shares of Belden in a research note on Wednesday, October 8th. Finally, Wall Street Zen downgraded Belden from a “strong-buy” rating to a “buy” rating in a research note on Sunday, August 3rd. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $136.67.

Belden Stock Performance

BDC opened at $120.37 on Thursday. The firm has a market capitalization of $4.77 billion, a P/E ratio of 21.81 and a beta of 1.26. The stock’s 50 day moving average price is $122.36 and its two-hundred day moving average price is $117.83. The company has a quick ratio of 1.35, a current ratio of 1.99 and a debt-to-equity ratio of 1.03. Belden Inc has a 12-month low of $83.18 and a 12-month high of $133.77.

Belden (NYSE:BDC) last released its earnings results on Thursday, October 30th. The industrial products company reported $1.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.90 by $0.07. The firm had revenue of $698.22 million for the quarter, compared to analyst estimates of $679.61 million. Belden had a return on equity of 23.29% and a net margin of 8.60%.The company’s revenue was up 6.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.70 EPS. Belden has set its Q4 2025 guidance at 1.900-2.000 EPS. On average, equities analysts forecast that Belden Inc will post 7.07 earnings per share for the current year.

Belden Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 7th. Shareholders of record on Thursday, September 11th were issued a $0.05 dividend. The ex-dividend date of this dividend was Thursday, September 11th. This represents a $0.20 dividend on an annualized basis and a yield of 0.2%. Belden’s dividend payout ratio (DPR) is 3.55%.

Belden Profile

Belden Inc designs, manufactures, and markets a portfolio of signal transmission solutions for mission critical applications in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. It operates in two segments, Enterprise Solutions and Industrial Automation Solutions. The Enterprise Solutions segment offers copper cable and connectivity solutions, fiber cable and connectivity solutions, interconnect panels, racks and enclosures, and signal extension and matrix switching systems for use in applications, such as local area networks, data centers, access control, 5G, fiber to the home, and building automation.