Belden Inc. (NYSE:BDC) Shares Acquired by Northern Trust Corp

Northern Trust Corp boosted its stake in Belden Inc. (NYSE:BDC - Free Report) by 10.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 633,204 shares of the industrial products company's stock after acquiring an additional 58,508 shares during the quarter. Northern Trust Corp owned 1.57% of Belden worth $71,305,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in BDC. Aster Capital Management DIFC Ltd acquired a new stake in shares of Belden in the fourth quarter valued at about $26,000. Quarry LP lifted its stake in Belden by 208.7% in the 4th quarter. Quarry LP now owns 392 shares of the industrial products company's stock valued at $44,000 after buying an additional 265 shares in the last quarter. First Horizon Advisors Inc. boosted its holdings in Belden by 49.9% in the 4th quarter. First Horizon Advisors Inc. now owns 634 shares of the industrial products company's stock worth $71,000 after buying an additional 211 shares during the last quarter. Parkside Financial Bank & Trust boosted its holdings in Belden by 31.3% in the 4th quarter. Parkside Financial Bank & Trust now owns 835 shares of the industrial products company's stock worth $94,000 after buying an additional 199 shares during the last quarter. Finally, Principal Securities Inc. increased its stake in Belden by 9.6% during the 4th quarter. Principal Securities Inc. now owns 1,202 shares of the industrial products company's stock worth $135,000 after buying an additional 105 shares in the last quarter. Hedge funds and other institutional investors own 98.75% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Benchmark reaffirmed a "buy" rating and issued a $120.00 price target on shares of Belden in a research note on Monday. Loop Capital dropped their target price on shares of Belden from $155.00 to $145.00 and set a "buy" rating for the company in a report on Tuesday, February 11th. The Goldman Sachs Group decreased their price target on shares of Belden from $139.00 to $120.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. Finally, StockNews.com cut shares of Belden from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, April 15th. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has an average rating of "Buy" and an average price target of $126.20.

Belden Trading Up 0.1 %

Shares of BDC stock opened at $104.83 on Tuesday. The company has a current ratio of 1.92, a quick ratio of 1.37 and a debt-to-equity ratio of 0.87. Belden Inc. has a twelve month low of $83.18 and a twelve month high of $131.82. The company's 50-day moving average price is $99.95 and its 200-day moving average price is $111.48. The stock has a market cap of $4.17 billion, a price-to-earnings ratio of 21.79 and a beta of 1.24.

Belden (NYSE:BDC - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The industrial products company reported $1.60 earnings per share for the quarter, beating the consensus estimate of $1.48 by $0.12. The business had revenue of $624.86 million during the quarter, compared to analysts' expectations of $615.81 million. Belden had a net margin of 8.06% and a return on equity of 21.42%. The business's revenue for the quarter was up 16.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.24 EPS. As a group, equities analysts predict that Belden Inc. will post 7.07 earnings per share for the current year.

Belden Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 10th. Stockholders of record on Thursday, March 13th were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.19%. The ex-dividend date of this dividend was Thursday, March 13th. Belden's dividend payout ratio (DPR) is presently 3.86%.

Insider Transactions at Belden

In other news, CEO Ashish Chand sold 14,535 shares of the firm's stock in a transaction on Monday, February 24th. The stock was sold at an average price of $111.45, for a total transaction of $1,619,925.75. Following the completion of the transaction, the chief executive officer now directly owns 107,129 shares in the company, valued at $11,939,527.05. This trade represents a 11.95 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Gregory James Mccray sold 4,200 shares of the business's stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $105.21, for a total value of $441,882.00. Following the completion of the sale, the director now owns 4,199 shares in the company, valued at $441,776.79. This represents a 50.01 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 23,428 shares of company stock worth $2,589,774. 1.48% of the stock is currently owned by company insiders.

Belden Company 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.

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