UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Increases Stake in Belden Inc. (NYSE:BDC)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Belden Inc. (NYSE:BDC - Free Report) by 20.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 121,730 shares of the industrial products company's stock after buying an additional 20,550 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.30% of Belden worth $13,708,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. FMR LLC grew its holdings 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 valued at $530,418,000 after buying an additional 223,887 shares during the period. Lord Abbett & CO. LLC lifted its position in Belden by 0.5% in the 4th quarter. Lord Abbett & CO. LLC now owns 711,784 shares of the industrial products company's stock valued at $80,154,000 after acquiring an additional 3,692 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in Belden by 2.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 695,396 shares of the industrial products company's stock valued at $78,309,000 after acquiring an additional 18,825 shares in the last quarter. Northern Trust Corp lifted its position in Belden by 10.2% in the 4th quarter. Northern Trust Corp now owns 633,204 shares of the industrial products company's stock valued at $71,305,000 after acquiring an additional 58,508 shares in the last quarter. Finally, Norges Bank bought a new stake in Belden in the 4th quarter valued at $54,167,000. Institutional investors and hedge funds own 98.75% of the company's stock.

Belden Stock Down 1.6%

Shares of Belden stock traded down $1.72 during trading hours on Monday, reaching $104.48. The company's stock had a trading volume of 80,120 shares, compared to its average volume of 274,397. Belden Inc. has a one year low of $83.18 and a one year high of $131.82. The company has a market capitalization of $4.13 billion, a P/E ratio of 21.69 and a beta of 1.24. The stock's fifty day simple moving average is $101.84 and its two-hundred day simple moving average is $110.01. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.37 and a current ratio of 1.92.

Belden (NYSE:BDC - Get Free Report) last released its quarterly 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 company had revenue of $624.86 million for the quarter, compared to analyst estimates of $615.81 million. Belden had a net margin of 8.06% and a return on equity of 21.42%. The firm's revenue was up 16.6% on a year-over-year basis. During the same period last year, the firm earned $1.24 earnings per share. On average, research analysts forecast that Belden Inc. will post 7.07 earnings per share for the current year.

Belden Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Thursday, June 12th will be issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.19%. The ex-dividend date is Thursday, June 12th. Belden's dividend payout ratio (DPR) is presently 3.86%.

Insider Buying and Selling

In other Belden news, SVP Leah Tate sold 231 shares of the business's stock in a transaction that occurred on Wednesday, May 14th. The shares were sold at an average price of $113.64, for a total value of $26,250.84. Following the completion of the transaction, the senior vice president now owns 30,170 shares of the company's stock, valued at $3,428,518.80. The trade was a 0.76% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Gregory James Mccray sold 4,200 shares of the business's stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $105.21, for a total transaction of $441,882.00. Following the completion of the transaction, the director now directly owns 4,199 shares of the company's stock, valued at approximately $441,776.79. This represents a 50.01% decrease in their position. The disclosure for this sale can be found here. 1.48% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Wall Street Zen cut shares of Belden from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, May 14th. Loop Capital cut their price target on shares of Belden from $155.00 to $145.00 and set a "buy" rating for the company in a report on Tuesday, February 11th. The Goldman Sachs Group dropped their price objective on shares of 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 reiterated a "buy" rating and set a $120.00 price objective on shares of Belden in a research report on Monday, May 5th. Six investment analysts have rated the stock with a buy rating, According to MarketBeat, Belden presently has an average rating of "Buy" and a consensus price target of $126.20.

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.