Gabelli Funds LLC Buys 16,408 Shares of Belden Inc $BDC

Gabelli Funds LLC raised its stake in Belden Inc (NYSE:BDC) by 83.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,000 shares of the industrial products company’s stock after buying an additional 16,408 shares during the period. Gabelli Funds LLC’s holdings in Belden were worth $4,134,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. UBS Group AG boosted its holdings in shares of Belden by 15.0% during the 4th quarter. UBS Group AG now owns 213,489 shares of the industrial products company’s stock valued at $24,882,000 after acquiring an additional 27,827 shares in the last quarter. Wesbanco Bank Inc. bought a new stake in Belden during the 4th quarter worth $1,166,000. Pier Capital LLC acquired a new position in Belden in the 4th quarter worth about $7,473,000. Leeward Investments LLC MA increased its holdings in Belden by 5.3% in the 1st quarter. Leeward Investments LLC MA now owns 137,376 shares of the industrial products company’s stock worth $15,775,000 after purchasing an additional 6,923 shares in the last quarter. Finally, M&T Bank Corp bought a new position in Belden in the fourth quarter valued at about $1,466,000. Institutional investors own 98.75% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on BDC shares. Fox Advisors raised Belden from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 9th. Truist Financial upped their price objective on Belden from $150.00 to $155.00 and gave the company a “buy” rating in a research note on Thursday, July 2nd. Weiss Ratings upgraded shares of Belden from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, July 14th. Citigroup assumed coverage on shares of Belden in a research report on Friday, June 26th. They set a “buy” rating and a $150.00 target price on the stock. Finally, Wall Street Zen raised shares of Belden from a “hold” rating to a “buy” rating in a report on Monday, July 20th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $158.75.

Belden Stock Down 0.8%

Shares of NYSE:BDC opened at $104.94 on Wednesday. The firm has a market cap of $4.09 billion, a P/E ratio of 17.67 and a beta of 1.12. The company has a quick ratio of 1.40, a current ratio of 2.09 and a debt-to-equity ratio of 0.98. Belden Inc has a 12-month low of $98.00 and a 12-month high of $159.99. The business has a fifty day simple moving average of $110.03 and a 200 day simple moving average of $119.39.

Belden (NYSE:BDC) last released its quarterly earnings results on Thursday, April 30th. The industrial products company reported $1.77 EPS for the quarter, beating analysts’ consensus estimates of $1.70 by $0.07. Belden had a return on equity of 24.47% and a net margin of 8.49%.The firm had revenue of $696.38 million for the quarter, compared to analyst estimates of $677.03 million. During the same quarter in the previous year, the company posted $1.60 EPS. The business’s revenue was up 11.4% on a year-over-year basis. Belden has set its Q2 2026 guidance at 1.950-2.050 EPS. Analysts predict that Belden Inc will post 8.22 earnings per share for the current year.

Belden Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 9th. Investors of record on Tuesday, June 16th were paid 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 was Tuesday, June 16th. Belden’s payout ratio is currently 3.37%.

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.