SG Americas Securities LLC Raises Stock Holdings in Belden Inc (NYSE:BDC)

SG Americas Securities LLC increased its holdings in shares of Belden Inc (NYSE:BDC - Free Report) by 22.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 41,787 shares of the industrial products company's stock after purchasing an additional 7,769 shares during the quarter. SG Americas Securities LLC owned approximately 0.11% of Belden worth $4,189,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. FMR LLC grew its position 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 worth $530,418,000 after purchasing an additional 223,887 shares in the last quarter. Lord Abbett & CO. LLC grew its position in shares of Belden by 0.5% during the fourth 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 grew its position in shares of Belden by 2.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 695,396 shares of the industrial products company's stock worth $78,309,000 after purchasing an additional 18,825 shares in the last quarter. Northern Trust Corp grew its position in shares of Belden by 10.2% during the fourth 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 purchased a new stake in shares of Belden during the fourth quarter worth about $54,167,000. Hedge funds and other institutional investors own 98.75% of the company's stock.

Insider Buying and Selling at Belden

In other news, SVP Leah Tate sold 231 shares of the company's stock in a transaction dated Wednesday, May 14th. The stock was sold at an average price of $113.64, for a total value of $26,250.84. Following the sale, the senior vice president now owns 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.48% of the company's stock.

Belden Trading Down 0.7%

Shares of BDC stock traded down $0.73 on Tuesday, reaching $108.83. 211,513 shares of the company's stock were exchanged, compared to its average volume of 274,016. Belden Inc has a 52 week low of $83.18 and a 52 week high of $131.82. The company has a current ratio of 1.93, a quick ratio of 1.29 and a debt-to-equity ratio of 0.96. The stock has a market capitalization of $4.30 billion, a PE ratio of 21.01 and a beta of 1.23. The company's fifty day simple moving average is $104.92 and its 200 day simple moving average is $109.11.

Belden (NYSE:BDC - Get Free Report) last issued its earnings results on Thursday, May 1st. The industrial products company reported $1.60 earnings per share for the quarter, beating analysts' consensus estimates of $1.48 by $0.12. The business had revenue of $624.86 million during the quarter, compared to analyst estimates of $615.81 million. Belden had a return on equity of 22.28% and a net margin of 8.35%. Belden's revenue was up 16.6% on a year-over-year basis. During the same period in the previous year, the company posted $1.24 EPS. As a group, analysts forecast that Belden Inc will post 7.07 EPS for the current year.

Belden Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Thursday, June 12th will be paid a dividend of $0.05 per share. The ex-dividend date is Thursday, June 12th. This represents a $0.20 annualized dividend and a yield of 0.18%. Belden's payout ratio is presently 3.86%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Wall Street Zen lowered Belden from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, May 14th. The Goldman Sachs Group lowered their price objective on Belden from $139.00 to $120.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. Finally, Benchmark raised their price objective on Belden from $120.00 to $130.00 and gave the company a "buy" rating in a research note on Tuesday. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, Belden has a consensus rating of "Buy" and a consensus target price 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.