Aristotle Capital Boston LLC Has $49.15 Million Stake in Belden Inc. (NYSE:BDC)

Aristotle Capital Boston LLC cut its stake in shares of Belden Inc. (NYSE:BDC - Free Report) by 10.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 436,498 shares of the industrial products company's stock after selling 48,781 shares during the quarter. Belden comprises about 1.8% of Aristotle Capital Boston LLC's investment portfolio, making the stock its 10th largest position. Aristotle Capital Boston LLC owned approximately 1.08% of Belden worth $49,154,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also made changes to their positions in the company. Aster Capital Management DIFC Ltd acquired a new stake in shares of Belden during the 4th quarter valued at approximately $26,000. Quarry LP increased 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 purchasing an additional 265 shares in the last quarter. First Horizon Advisors Inc. raised its holdings in Belden by 49.9% during the fourth quarter. First Horizon Advisors Inc. now owns 634 shares of the industrial products company's stock worth $71,000 after purchasing an additional 211 shares during the last quarter. Parkside Financial Bank & Trust boosted its position in Belden by 31.3% during the fourth quarter. Parkside Financial Bank & Trust now owns 835 shares of the industrial products company's stock worth $94,000 after purchasing an additional 199 shares in the last quarter. Finally, Principal Securities Inc. grew its holdings in Belden by 9.6% in the fourth quarter. Principal Securities Inc. now owns 1,202 shares of the industrial products company's stock valued at $135,000 after purchasing an additional 105 shares during the last quarter. Hedge funds and other institutional investors own 98.75% of the company's stock.

Analyst Ratings Changes

BDC has been the topic of several recent research reports. Benchmark reiterated a "buy" rating and issued a $120.00 price objective on shares of Belden in a research report on Monday. StockNews.com raised shares of Belden from a "buy" rating to a "strong-buy" rating in a research note on Tuesday. The Goldman Sachs Group reduced their target price on Belden from $139.00 to $120.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. Finally, Loop Capital dropped their price target on Belden from $155.00 to $145.00 and set a "buy" rating for the company in a research report on Tuesday, February 11th. Five investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Buy" and an average price target of $126.20.

Insider Activity at Belden

In other Belden news, Director Gregory James Mccray sold 4,200 shares of the business's stock in a transaction that occurred on Thursday, March 6th. The shares were 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 $441,776.79. The trade was a 50.01 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Leah Tate sold 2,400 shares of the firm's stock in a transaction on Friday, February 7th. The shares were sold at an average price of $114.77, for a total transaction of $275,448.00. Following the completion of the transaction, the senior vice president now directly owns 23,243 shares in the company, valued at approximately $2,667,599.11. This represents a 9.36 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 23,428 shares of company stock worth $2,589,774. 1.48% of the stock is owned by insiders.

Belden Trading Up 2.6 %

Shares of BDC stock traded up $2.78 during mid-day trading on Thursday, hitting $107.81. 88,170 shares of the company's stock were exchanged, compared to its average volume of 274,329. The stock has a market cap of $4.29 billion, a price-to-earnings ratio of 22.41 and a beta of 1.24. The stock has a 50-day simple moving average of $99.78 and a two-hundred day simple moving average of $111.39. Belden Inc. has a fifty-two week low of $83.18 and a fifty-two 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 posted its quarterly earnings data 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. Belden had a net margin of 8.06% and a return on equity of 21.42%. The company had revenue of $624.86 million during the quarter, compared to the consensus estimate of $615.81 million. During the same quarter in the prior year, the company posted $1.24 EPS. The company's quarterly revenue was up 16.6% compared to the same quarter last year. Equities analysts expect that Belden Inc. will post 7.07 EPS for the current fiscal year.

Belden Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, April 10th. Investors of record on Thursday, March 13th were given 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 currently 3.86%.

About Belden

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.