The Manufacturers Life Insurance Company Buys Shares of 35,613 Belden Inc $BDC

The Manufacturers Life Insurance Company acquired a new position in Belden Inc (NYSE:BDC) in the second quarter, Holdings Channel.com reports. The institutional investor acquired 35,613 shares of the industrial products company’s stock, valued at approximately $4,270,000.

Other large investors have also recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd grew its stake in shares of Belden by 12,950.0% in the third quarter. Caitong International Asset Management Co. Ltd now owns 261 shares of the industrial products company’s stock worth $31,000 after purchasing an additional 259 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of Belden by 134.1% during the second quarter. EverSource Wealth Advisors LLC now owns 288 shares of the industrial products company’s stock valued at $33,000 after purchasing an additional 165 shares in the last quarter. Allworth Financial LP acquired a new stake in Belden in the second quarter worth about $35,000. Fairscale Capital LLC acquired a new stake in Belden in the fourth quarter worth about $51,000. Finally, Smartleaf Asset Management LLC grew its position in Belden by 32.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 437 shares of the industrial products company’s stock valued at $52,000 after buying an additional 106 shares in the last quarter. 98.75% of the stock is currently owned by institutional investors and hedge funds.

Belden Stock Performance

Belden stock opened at $114.01 on Tuesday. The firm’s 50 day simple moving average is $116.96 and its 200-day simple moving average is $119.97. The company has a market cap of $4.46 billion, a P/E ratio of 18.54 and a beta of 1.12. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.14 and a quick ratio of 1.49. Belden Inc has a fifty-two week low of $98.00 and a fifty-two week high of $159.99.

Belden (NYSE:BDC) last announced 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 firm had revenue of $750.16 million during the quarter, compared to the consensus estimate of $746.75 million. Belden had a return on equity of 25.00% and a net margin of 8.52%.The business’s revenue for the quarter was up 11.6% on a year-over-year basis. During the same period in the prior year, the business earned $1.89 EPS. Belden has set its Q3 2026 guidance at 2.150-2.300 EPS. As a group, equities research analysts predict that Belden Inc will post 8.69 EPS for the current year.

Belden Dividend Announcement

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

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on BDC shares. Weiss Ratings cut shares of Belden from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, July 29th. Citigroup initiated coverage on Belden in a report on Friday, June 26th. They set a “buy” rating and a $150.00 target price on the stock. Fox Advisors raised Belden from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 9th. DA Davidson lifted their price target on Belden from $155.00 to $170.00 and gave the company a “buy” rating in a research report on Wednesday, August 19th. Finally, Wall Street Zen downgraded Belden from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Two research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $160.00.

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.