Duality Advisers LP Makes New Investment in Belden Inc. (NYSE:BDC)

Duality Advisers LP bought a new stake in Belden Inc. (NYSE:BDC - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 22,440 shares of the industrial products company's stock, valued at approximately $1,733,000. Duality Advisers LP owned about 0.05% of Belden at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Ronald Blue Trust Inc. increased its stake in Belden by 326.0% during the third quarter. Ronald Blue Trust Inc. now owns 818 shares of the industrial products company's stock worth $78,000 after purchasing an additional 626 shares during the period. Blue Trust Inc. increased its stake in Belden by 31.9% during the fourth quarter. Blue Trust Inc. now owns 1,079 shares of the industrial products company's stock worth $83,000 after purchasing an additional 261 shares during the period. Parkside Financial Bank & Trust increased its stake in Belden by 15.1% during the third quarter. Parkside Financial Bank & Trust now owns 1,589 shares of the industrial products company's stock worth $153,000 after purchasing an additional 209 shares during the period. C M Bidwell & Associates Ltd. increased its stake in Belden by 181.2% during the third quarter. C M Bidwell & Associates Ltd. now owns 2,188 shares of the industrial products company's stock worth $211,000 after purchasing an additional 1,410 shares during the period. Finally, Envestnet Portfolio Solutions Inc. purchased a new stake in Belden during the third quarter worth about $213,000. Institutional investors and hedge funds own 98.75% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on BDC. StockNews.com lowered shares of Belden from a "buy" rating to a "hold" rating in a research note on Monday. Truist Financial boosted their price target on shares of Belden from $89.00 to $98.00 and gave the stock a "buy" rating in a research note on Friday, February 9th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Belden currently has a consensus rating of "Moderate Buy" and a consensus target price of $102.25.

Insider Buying and Selling at Belden

In other Belden news, EVP Brian Lieser sold 2,056 shares of the stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $82.30, for a total value of $169,208.80. Following the transaction, the executive vice president now directly owns 21,772 shares in the company, valued at $1,791,835.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.42% of the stock is currently owned by insiders.

Belden Stock Up 1.1 %

Shares of BDC stock traded up $0.93 during trading hours on Tuesday, reaching $84.30. 185,960 shares of the stock were exchanged, compared to its average volume of 275,333. The business's fifty day moving average is $86.92 and its two-hundred day moving average is $78.31. The company has a debt-to-equity ratio of 1.03, a current ratio of 2.30 and a quick ratio of 1.72. Belden Inc. has a 12-month low of $60.54 and a 12-month high of $99.13. The firm has a market capitalization of $3.43 billion, a P/E ratio of 14.89 and a beta of 1.04.

Belden (NYSE:BDC - Get Free Report) last released its earnings results on Thursday, February 8th. The industrial products company reported $1.46 earnings per share for the quarter, topping analysts' consensus estimates of $1.12 by $0.34. Belden had a net margin of 9.66% and a return on equity of 25.11%. The firm had revenue of $551.24 million for the quarter, compared to analyst estimates of $522.06 million. During the same period in the prior year, the firm earned $1.75 earnings per share. The business's quarterly revenue was down 16.4% compared to the same quarter last year. As a group, research analysts expect that Belden Inc. will post 5.33 EPS for the current fiscal year.

Belden Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 9th. Investors of record on Thursday, March 14th were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Wednesday, March 13th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.24%. Belden's payout ratio is 3.53%.

About Belden

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.