Brian Edward Anderson Sells 7,158 Shares of Belden Inc (NYSE:BDC) Stock

Belden Inc (NYSE:BDC - Get Free Report) SVP Brian Edward Anderson sold 7,158 shares of the stock in a transaction dated Thursday, July 17th. The shares were sold at an average price of $130.51, for a total transaction of $934,190.58. Following the completion of the transaction, the senior vice president owned 39,574 shares of the company's stock, valued at $5,164,802.74. This represents a 15.32% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Belden Price Performance

Shares of NYSE:BDC traded down $2.52 during trading hours on Friday, hitting $128.29. 297,872 shares of the company's stock traded hands, compared to its average volume of 273,693. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.29 and a current ratio of 1.93. Belden Inc has a 52 week low of $83.18 and a 52 week high of $133.26. The company has a market cap of $5.07 billion, a price-to-earnings ratio of 24.77 and a beta of 1.24. The company's fifty day simple moving average is $113.55 and its two-hundred day simple moving average is $109.17.

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 8.35% and a return on equity of 22.28%. The company had revenue of $624.86 million during the quarter, compared to analyst estimates of $615.81 million. During the same period in the prior year, the firm earned $1.24 earnings per share. The business's quarterly revenue was up 16.6% on a year-over-year basis. As a group, equities analysts anticipate that Belden Inc will post 7.07 EPS for the current fiscal year.

Belden Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 9th. Stockholders of record on Thursday, June 12th were given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.16%. The ex-dividend date of this dividend was Thursday, June 12th. Belden's dividend payout ratio (DPR) is 3.86%.

Institutional Trading of Belden

A number of hedge funds have recently made changes to their positions in the stock. FMR LLC lifted 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 worth $530,418,000 after purchasing an additional 223,887 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of Belden by 0.7% in the first quarter. Allspring Global Investments Holdings LLC now owns 1,043,510 shares of the industrial products company's stock worth $105,478,000 after purchasing an additional 7,683 shares in the last quarter. Invesco Ltd. lifted its position in shares of Belden by 37.2% in the first quarter. Invesco Ltd. now owns 1,024,497 shares of the industrial products company's stock worth $102,706,000 after purchasing an additional 277,782 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Belden by 18.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 821,118 shares of the industrial products company's stock worth $82,319,000 after buying an additional 125,722 shares during the last quarter. Finally, Lord Abbett & CO. LLC increased its holdings in Belden by 0.5% in the fourth quarter. Lord Abbett & CO. LLC now owns 711,784 shares of the industrial products company's stock worth $80,154,000 after buying an additional 3,692 shares during the last quarter. 98.75% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

BDC has been the subject of a number of recent analyst reports. The Goldman Sachs Group reiterated a "buy" rating on shares of Belden in a research report on Friday, July 11th. Benchmark increased their target price on shares of Belden from $120.00 to $130.00 and gave the company a "buy" rating in a research report on Tuesday, June 17th. Finally, Wall Street Zen lowered shares of Belden from a "strong-buy" rating to a "buy" rating in a research report on Saturday, June 21st. Six analysts have rated the stock with a buy rating, According to MarketBeat, the stock has a consensus rating of "Buy" and an average price target of $128.20.

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.

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