KBC Group NV Has $190,000 Stock Position in Belden Inc (NYSE:BDC)

KBC Group NV decreased its position in Belden Inc (NYSE:BDC - Free Report) by 92.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,894 shares of the industrial products company's stock after selling 22,018 shares during the quarter. KBC Group NV's holdings in Belden were worth $190,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the stock. Norges Bank bought a new stake in shares of Belden in the 4th quarter worth $54,167,000. FMR LLC raised its stake in shares of Belden by 5.0% in the 4th quarter. FMR LLC now owns 4,710,224 shares of the industrial products company's stock worth $530,418,000 after buying an additional 223,887 shares in the last quarter. Leigh Baldwin & CO. LLC bought a new stake in shares of Belden in the 4th quarter worth $2,511,000. Bank of America Corp DE raised its stake in shares of Belden by 234.7% in the 4th quarter. Bank of America Corp DE now owns 224,363 shares of the industrial products company's stock worth $25,266,000 after buying an additional 157,335 shares in the last quarter. Finally, Janus Henderson Group PLC raised its stake in shares of Belden by 380.3% in the 4th quarter. Janus Henderson Group PLC now owns 166,354 shares of the industrial products company's stock worth $18,726,000 after buying an additional 131,719 shares in the last quarter. Institutional investors own 98.75% of the company's stock.

Insider Buying and Selling

In other Belden news, SVP Leah Tate sold 231 shares of the stock in a transaction 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 directly owned 30,170 shares in the company, valued at $3,428,518.80. This represents a 0.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.48% of the stock is currently owned by company insiders.

Analyst Ratings Changes

BDC has been the topic of a number of recent analyst reports. The Goldman Sachs Group cut their target price on Belden from $139.00 to $120.00 and set a "buy" rating on the stock in a research report on Thursday, April 10th. Benchmark boosted their target price on Belden from $120.00 to $130.00 and gave the stock a "buy" rating in a research report on Tuesday, June 17th. Finally, Wall Street Zen downgraded Belden from a "strong-buy" rating to a "buy" rating in a report on Saturday, June 21st. Six analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of $128.20.

Belden Stock Performance

NYSE:BDC traded up $1.80 during mid-day trading on Thursday, hitting $123.81. 312,524 shares of the company's stock traded hands, compared to its average volume of 272,115. The firm has a 50 day moving average of $111.16 and a two-hundred day moving average of $108.73. Belden Inc has a 12 month low of $83.18 and a 12 month high of $131.82. The firm has a market capitalization of $4.89 billion, a price-to-earnings ratio of 23.90 and a beta of 1.24. The company has a current ratio of 1.93, a quick ratio of 1.29 and a debt-to-equity ratio of 0.96.

Belden (NYSE:BDC - Get Free Report) last announced its earnings results on Thursday, May 1st. The industrial products company reported $1.60 earnings per share for the quarter, beating the consensus estimate of $1.48 by $0.12. Belden had a return on equity of 22.28% and a net margin of 8.35%. The firm 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 earned $1.24 EPS. The firm's revenue for the quarter was up 16.6% compared to the same quarter last year. On average, equities analysts forecast that Belden Inc will post 7.07 earnings per share for the current fiscal year.

Belden Announces Dividend

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

Belden 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.