Ceredex Value Advisors LLC Has $12.93 Million Position in Belden Inc. (NYSE:BDC)

Ceredex Value Advisors LLC lifted its holdings in shares of Belden Inc. (NYSE:BDC - Free Report) by 21.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 114,821 shares of the industrial products company's stock after buying an additional 20,650 shares during the period. Ceredex Value Advisors LLC owned 0.28% of Belden worth $12,930,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. FMR LLC grew its holdings in shares of Belden by 5.0% during the fourth quarter. FMR LLC now owns 4,710,224 shares of the industrial products company's stock valued at $530,418,000 after purchasing an additional 223,887 shares during the last quarter. Geode Capital Management LLC grew its stake in Belden by 0.6% during the 3rd quarter. Geode Capital Management LLC now owns 960,974 shares of the industrial products company's stock worth $112,580,000 after buying an additional 5,727 shares during the last quarter. Lord Abbett & CO. LLC increased its position in Belden by 10.6% in the third quarter. Lord Abbett & CO. LLC now owns 708,092 shares of the industrial products company's stock worth $82,939,000 after buying an additional 68,151 shares during the period. Norges Bank bought a new stake in Belden in the fourth quarter valued at $54,167,000. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Belden by 61.2% during the fourth quarter. JPMorgan Chase & Co. now owns 294,925 shares of the industrial products company's stock valued at $33,212,000 after acquiring an additional 111,952 shares during the period. Institutional investors and hedge funds own 98.75% of the company's stock.

Analysts Set New Price Targets

Several analysts recently weighed in on BDC shares. Loop Capital cut their price objective on shares of Belden from $155.00 to $145.00 and set a "buy" rating on the stock in a research report on Tuesday, February 11th. StockNews.com downgraded Belden from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, April 15th. Benchmark lowered their target price on Belden from $130.00 to $120.00 and set a "buy" rating on the stock in a research report on Monday. Finally, The Goldman Sachs Group reduced their price target on Belden from $139.00 to $120.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, Belden currently has a consensus rating of "Buy" and an average price target of $126.20.

Insider Buying and Selling

In other news, Director Jonathan C. Klein sold 2,129 shares of Belden stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $110.00, for a total value of $234,190.00. Following the transaction, the director now directly owns 9,968 shares of the company's stock, valued at $1,096,480. This trade represents a 17.60 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Leah Tate sold 2,400 shares of the company's stock in a transaction that occurred 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 sale, the senior vice president now owns 23,243 shares of the company's stock, valued at approximately $2,667,599.11. This trade represents a 9.36 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 23,428 shares of company stock worth $2,589,774. Corporate insiders own 1.59% of the company's stock.

Belden Price Performance

Shares of NYSE BDC traded up $1.59 during mid-day trading on Tuesday, reaching $93.80. 29,684 shares of the company traded hands, compared to its average volume of 295,243. Belden Inc. has a fifty-two week low of $81.02 and a fifty-two week high of $131.82. The firm has a market cap of $3.73 billion, a PE ratio of 19.51 and a beta of 1.07. The stock has a fifty day simple moving average of $102.25 and a 200-day simple moving average of $112.74. 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 (NYSE:BDC - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The industrial products company reported $1.92 EPS for the quarter, topping analysts' consensus estimates of $1.68 by $0.24. Belden had a return on equity of 21.42% and a net margin of 8.06%. Equities research analysts anticipate that Belden Inc. will post 7.07 EPS for the current fiscal year.

Belden Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 10th. Investors of record on Thursday, March 13th were paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.21%. The ex-dividend date was Thursday, March 13th. Belden's dividend payout ratio is presently 4.16%.

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.