Janus Henderson Group PLC Increases Stock Position in Belden Inc. (NYSE:BDC)

Janus Henderson Group PLC boosted its position in Belden Inc. (NYSE:BDC - Free Report) by 380.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (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 about 0.41% of Belden worth $18,726,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. FMR LLC boosted its position in shares of Belden by 5.0% in the fourth quarter. FMR LLC now owns 4,710,224 shares of the industrial products company's stock valued at $530,418,000 after acquiring an additional 223,887 shares during the period. Lord Abbett & CO. LLC raised its stake in Belden by 0.5% in the 4th quarter. Lord Abbett & CO. LLC now owns 711,784 shares of the industrial products company's stock worth $80,154,000 after purchasing an additional 3,692 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in Belden by 2.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 695,396 shares of the industrial products company's stock valued at $78,309,000 after purchasing an additional 18,825 shares during the period. Northern Trust Corp grew its position in shares of Belden by 10.2% during the 4th quarter. Northern Trust Corp now owns 633,204 shares of the industrial products company's stock worth $71,305,000 after purchasing an additional 58,508 shares in the last quarter. Finally, Norges Bank bought a new position in shares of Belden during the fourth quarter worth approximately $54,167,000. 98.75% of the stock is owned by institutional investors and hedge funds.

Belden Price Performance

Shares of BDC stock traded down $1.03 on Monday, hitting $111.36. 122,356 shares of the company's stock were exchanged, compared to its average volume of 276,013. The company has a 50 day moving average of $100.80 and a 200 day moving average of $111.01. The stock has a market cap of $4.40 billion, a P/E ratio of 23.15 and a beta of 1.24. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.92 and a quick ratio of 1.37. Belden Inc. has a 12 month low of $83.18 and a 12 month high of $131.82.

Belden (NYSE:BDC - Get Free Report) last posted its earnings results on Thursday, May 1st. The industrial products company reported $1.60 EPS for the quarter, topping analysts' consensus estimates of $1.48 by $0.12. The firm 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% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.24 earnings per share. On average, equities research analysts predict that Belden Inc. will post 7.07 EPS for the current year.

Belden Announces Dividend

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

Insider Transactions at Belden

In other Belden news, CEO Ashish Chand sold 14,535 shares of the company's stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $111.45, for a total value 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 approximately $11,939,527.05. This represents a 11.95% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Gregory James Mccray sold 4,200 shares of the business's stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $105.21, for a total transaction of $441,882.00. Following the completion of the sale, the director now directly owns 4,199 shares in the company, valued at approximately $441,776.79. This represents a 50.01% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 21,259 shares of company stock worth $2,340,577. Corporate insiders own 1.48% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on BDC. StockNews.com cut Belden from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, May 14th. Benchmark reissued a "buy" rating and set a $120.00 target price on shares of Belden in a report on Monday, May 5th. Loop Capital decreased their price target on Belden from $155.00 to $145.00 and set a "buy" rating on the stock in a research report on Tuesday, February 11th. Finally, The Goldman Sachs Group cut their price objective 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. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has a consensus 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.