Price T Rowe Associates Inc. MD Has $78.31 Million Stake in Belden Inc. (NYSE:BDC)

Price T Rowe Associates Inc. MD increased its position in shares of Belden Inc. (NYSE:BDC - Free Report) by 2.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 695,396 shares of the industrial products company's stock after purchasing an additional 18,825 shares during the period. Price T Rowe Associates Inc. MD owned approximately 1.72% of Belden worth $78,309,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of BDC. Aster Capital Management DIFC Ltd purchased a new stake in Belden in the 4th quarter valued at about $26,000. First Horizon Advisors Inc. increased its holdings in Belden by 49.9% in the 4th quarter. First Horizon Advisors Inc. now owns 634 shares of the industrial products company's stock worth $71,000 after buying an additional 211 shares during the period. Parkside Financial Bank & Trust boosted its holdings in Belden by 31.3% during the fourth quarter. Parkside Financial Bank & Trust now owns 835 shares of the industrial products company's stock worth $94,000 after buying an additional 199 shares in the last quarter. Principal Securities Inc. boosted its position in Belden by 9.6% during the fourth quarter. Principal Securities Inc. now owns 1,202 shares of the industrial products company's stock worth $135,000 after purchasing an additional 105 shares in the last quarter. Finally, Matrix Trust Co grew its stake in Belden by 624.8% in the 4th quarter. Matrix Trust Co now owns 1,522 shares of the industrial products company's stock valued at $171,000 after acquiring an additional 1,312 shares during the period. 98.75% of the stock is currently owned by hedge funds and other institutional investors.

Belden Stock Performance

NYSE:BDC traded up $3.64 during mid-day trading on Friday, reaching $104.99. The stock had a trading volume of 337,622 shares, compared to its average volume of 276,010. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.37 and a current ratio of 1.92. The business has a 50 day simple moving average of $100.12 and a 200 day simple moving average of $111.82. Belden Inc. has a twelve month low of $83.18 and a twelve month high of $131.82. The firm has a market capitalization of $4.17 billion, a price-to-earnings ratio of 21.83 and a beta of 1.07.

Belden (NYSE:BDC - Get Free Report) last released its earnings results on Thursday, May 1st. The industrial products company reported $1.60 EPS for the quarter, beating analysts' consensus estimates of $1.48 by $0.12. Belden had a return on equity of 21.42% and a net margin of 8.06%. The company had revenue of $624.86 million during the quarter, compared to the consensus estimate of $615.81 million. During the same quarter last year, the company earned $1.24 earnings per share. Belden's quarterly revenue was up 16.6% compared to the same quarter last year. On average, analysts expect that Belden Inc. will post 7.07 earnings per share for the current fiscal year.

Belden Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, April 10th. Investors of record on Thursday, March 13th were given a $0.05 dividend. The ex-dividend date was Thursday, March 13th. This represents a $0.20 annualized dividend and a dividend yield of 0.19%. Belden's dividend payout ratio is presently 4.16%.

Analyst Ratings Changes

Several equities research analysts have issued reports on BDC shares. Loop Capital lowered their target price on shares of Belden from $155.00 to $145.00 and set a "buy" rating on the stock in a research note on Tuesday, February 11th. The Goldman Sachs Group decreased 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. Benchmark reduced their target price on shares of Belden from $130.00 to $120.00 and set a "buy" rating on the stock in a report on Monday, April 21st. Finally, StockNews.com lowered shares of Belden from a "strong-buy" rating to a "buy" rating in a report on Tuesday, April 15th. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has an average rating of "Buy" and an average target price of $126.20.

Insider Activity at Belden

In other news, Director Jonathan C. Klein sold 2,129 shares of Belden stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $110.00, for a total transaction of $234,190.00. Following the sale, the director now directly owns 9,968 shares in the company, valued at approximately $1,096,480. The trade was a 17.60 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Gregory James Mccray sold 4,200 shares of Belden stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $105.21, for a total value of $441,882.00. Following the sale, the director now directly owns 4,199 shares in the company, valued at $441,776.79. The trade was a 50.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 23,428 shares of company stock worth $2,589,774. 1.48% of the stock is owned by company insiders.

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.