Janus Henderson Group PLC Buys 131,719 Shares of Belden Inc. (NYSE:BDC)

Janus Henderson Group PLC lifted its stake in shares of Belden Inc. (NYSE:BDC - Free Report) by 380.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 166,354 shares of the industrial products company's stock after purchasing an additional 131,719 shares during the quarter. Janus Henderson Group PLC owned 0.41% of Belden worth $18,726,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Bank of America Corp DE raised its stake in shares of Belden by 234.7% during the 4th quarter. Bank of America Corp DE now owns 224,363 shares of the industrial products company's stock valued at $25,266,000 after purchasing an additional 157,335 shares during the period. Norges Bank purchased a new position in Belden during the fourth quarter worth about $54,167,000. Polen Capital Management LLC purchased a new position in Belden during the fourth quarter worth about $2,723,000. Dynamic Technology Lab Private Ltd purchased a new position in Belden during the fourth quarter worth about $443,000. Finally, Dark Forest Capital Management LP purchased a new position in Belden during the fourth quarter worth about $387,000. 98.75% of the stock is currently owned by institutional investors.

Insider Activity

In other Belden news, SVP Leah Tate sold 231 shares of the company's stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of $113.64, for a total transaction of $26,250.84. Following the completion of the transaction, the senior vice president now owns 30,170 shares of the company's stock, valued at $3,428,518.80. This represents a 0.76% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, 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 value of $1,619,925.75. Following the completion of the sale, the chief executive officer now directly owns 107,129 shares of the company's stock, valued at $11,939,527.05. The trade was a 11.95% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 21,259 shares of company stock valued at $2,340,577. 1.48% of the stock is currently owned by insiders.

Belden Price Performance

Shares of NYSE BDC traded down $0.89 during trading hours on Wednesday, reaching $110.64. 31,631 shares of the stock traded hands, compared to its average volume of 274,974. The company's 50-day simple moving average is $101.23 and its two-hundred day simple moving average is $110.99. The company has a market capitalization of $4.37 billion, a P/E ratio of 22.97 and a beta of 1.24. Belden Inc. has a 52-week low of $83.18 and a 52-week high of $131.82. The company has a quick ratio of 1.37, a current ratio of 1.92 and a debt-to-equity ratio of 0.87.

Belden (NYSE:BDC - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The industrial products company reported $1.60 EPS for the quarter, beating analysts' consensus estimates of $1.48 by $0.12. The business had revenue of $624.86 million for 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 quarterly revenue was up 16.6% on a year-over-year basis. During the same period last year, the business earned $1.24 earnings per share. Equities research analysts forecast that Belden Inc. will post 7.07 EPS for the current year.

Belden Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 10th. Stockholders of record on Thursday, March 13th were paid a dividend of $0.05 per share. The ex-dividend date was Thursday, March 13th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.18%. Belden's dividend payout ratio (DPR) is currently 3.86%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Loop Capital reduced their target price on Belden from $155.00 to $145.00 and set a "buy" rating for the company in a research report on Tuesday, February 11th. The Goldman Sachs Group dropped their target price on shares of Belden from $139.00 to $120.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. Benchmark reissued a "buy" rating and issued a $120.00 price target on shares of Belden in a report on Monday, May 5th. Finally, StockNews.com cut shares of Belden from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, May 14th. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has an average rating of "Buy" and an average target price of $126.20.

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.