Swiss National Bank Has $6.44 Million Position in Belden Inc. (NYSE:BDC)

Swiss National Bank decreased its holdings in Belden Inc. (NYSE:BDC - Free Report) by 10.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 83,400 shares of the industrial products company's stock after selling 10,100 shares during the quarter. Swiss National Bank owned about 0.20% of Belden worth $6,443,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Blue Trust Inc. lifted its stake in shares of 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 buying an additional 261 shares during the period. Parkside Financial Bank & Trust grew its stake in Belden by 15.1% during the 3rd quarter. Parkside Financial Bank & Trust now owns 1,589 shares of the industrial products company's stock valued at $153,000 after purchasing an additional 209 shares during the last quarter. C M Bidwell & Associates Ltd. grew its stake in Belden by 181.2% during the 3rd quarter. C M Bidwell & Associates Ltd. now owns 2,188 shares of the industrial products company's stock valued at $211,000 after purchasing an additional 1,410 shares during the last quarter. Envestnet Portfolio Solutions Inc. acquired a new position in shares of Belden in the third quarter valued at about $213,000. Finally, AlphaQ Advisors LLC purchased a new position in shares of Belden in the fourth quarter worth about $230,000. 98.75% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Belden

In related news, EVP Brian Lieser sold 2,056 shares of the business's stock in a transaction 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 completion of the sale, the executive vice president now owns 21,772 shares of the company's stock, valued at approximately $1,791,835.60. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.59% of the stock is owned by corporate insiders.

Belden Stock Performance

Shares of NYSE:BDC traded down $1.77 during trading on Thursday, hitting $93.38. 182,662 shares of the stock traded hands, compared to its average volume of 267,768. The company has a quick ratio of 1.83, a current ratio of 2.55 and a debt-to-equity ratio of 1.02. The company has a fifty day moving average price of $88.13 and a two-hundred day moving average price of $79.48. Belden Inc. has a 52-week low of $60.54 and a 52-week high of $99.13. The company has a market cap of $3.80 billion, a price-to-earnings ratio of 18.27 and a beta of 1.07.

Belden (NYSE:BDC - Get Free Report) last released its quarterly earnings data on Thursday, May 2nd. The industrial products company reported $1.24 earnings per share for the quarter, beating analysts' consensus estimates of $1.05 by $0.19. Belden had a net margin of 9.01% and a return on equity of 23.11%. The company had revenue of $536.00 million during the quarter, compared to analysts' expectations of $514.27 million. During the same quarter in the previous year, the company earned $1.68 earnings per share. The firm's revenue for the quarter was down 16.5% on a year-over-year basis. As a group, equities analysts predict that Belden Inc. will post 5.77 EPS for the current year.

Belden Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 9th. Shareholders of record on Thursday, March 14th were given 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 yield of 0.21%. Belden's dividend payout ratio is currently 3.91%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on BDC. Truist Financial increased their price target on shares of Belden from $98.00 to $101.00 and gave the stock a "buy" rating in a report on Friday, May 3rd. Benchmark reiterated a "buy" rating and issued a $100.00 price objective on shares of Belden in a research note on Monday, May 6th. Finally, StockNews.com downgraded shares of Belden from a "buy" rating to a "hold" rating in a research report on Friday, May 10th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $102.40.

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.