BELDEN INC.
In the published model solve dated 2026-Q2, anchored at $115.21, BELDEN INC. (BDC) is priced for +13.0% growth. boothcheck publishes no house fair value, target price, or buy/sell rating; individual model outputs and user-controlled scenarios are analytical inputs, not Boothcheck targets. The narrative was composed July 25, 2026 from SEC EDGAR filings.
• Belden sells the physical layer that industrial and enterprise networks run on, split between Automation Solutions at 55% of revenue and Smart Infrastructure Solutions at 45%, with the FY2025 10-K reporting that roughly 42% of sales went to customers outside the United States. • Concentration here sits in the channel rather than the end market, and the 10-K puts the largest distributor at approximately 14% of 2025 revenues, which means a distributor working down its own stock shows up in repor
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369 institutional managers reported holding BDC in 13F filings for the quarter ended 2026-03-31. 60 opened new positions that quarter. Held by BlackRock, Vanguard Group, FMR (Fidelity), among others. On the short side, 2.8M shares were sold short as of the 2026-06-15 count, about 7% of shares outstanding (4.8 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
BDC has cut its share count 13.3% over the past five years, spending $550.00M on repurchases. It pays a dividend, and has paid one every year in our records (17 and counting); the current rate is $0.20 a share annually. Cash returned over the past three years: $22.34M in dividends and $463.80M in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
Open-market insider buys at BDC over the trailing three years: 2023: 1 buy totaling $100k. 18 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
BDC's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-08-04 | -7.2% | +8.1% |
| 2023-11-03 | -9.4% | +13.7% |
| 2024-02-14 | +11.7% | -2.5% |
| 2024-05-03 | +8.5% | +3.0% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
BDC's latest 8-K filings: 2026-07-30 (items 2.02, 9.01); 2026-07-01 (items 1.01, 2.01, 2.03, 9.01); 2026-05-26 (items 5.07); 2026-04-30 (items 2.02, 9.01); 2026-04-30 (items 1.01, 8.01, 9.01).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: July 25, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.