8,674 Shares in Belden Inc. (NYSE:BDC) Bought by Susquehanna Fundamental Investments LLC

Susquehanna Fundamental Investments LLC bought a new position in shares of 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 fund bought 8,674 shares of the industrial products company's stock, valued at approximately $977,000.

Several other hedge funds have also made changes to their positions in BDC. FMR LLC raised its position in 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 purchasing an additional 223,887 shares during the last quarter. Lord Abbett & CO. LLC lifted its stake in shares of Belden by 0.5% during the 4th quarter. Lord Abbett & CO. LLC now owns 711,784 shares of the industrial products company's stock worth $80,154,000 after buying an additional 3,692 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings 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 buying an additional 18,825 shares in the last quarter. Norges Bank acquired a new stake in Belden during the fourth quarter worth approximately $54,167,000. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Belden by 61.2% during the 4th quarter. JPMorgan Chase & Co. now owns 294,925 shares of the industrial products company's stock worth $33,212,000 after acquiring an additional 111,952 shares during the period. Institutional investors own 98.75% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on BDC. Loop Capital lowered their price objective on Belden from $155.00 to $145.00 and set a "buy" rating for the company in a research note on Tuesday, February 11th. StockNews.com upgraded shares of Belden from a "buy" rating to a "strong-buy" rating in a report on Tuesday. The Goldman Sachs Group dropped their price target on shares of Belden from $139.00 to $120.00 and set a "buy" rating on the stock in a research report on Thursday, April 10th. Finally, Benchmark reaffirmed a "buy" rating and set a $120.00 target price on shares of Belden in a research report on Monday. Five investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of $126.20.

Belden Stock Up 0.6 %

Shares of BDC traded up $0.63 during trading hours on Wednesday, hitting $104.16. The company had a trading volume of 26,913 shares, compared to its average volume of 274,197. The stock has a market capitalization of $4.14 billion, a price-to-earnings ratio of 21.61 and a beta of 1.24. 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 Inc. has a 52-week low of $83.18 and a 52-week high of $131.82. The firm has a fifty day moving average price of $99.88 and a 200-day moving average price of $111.43.

Belden (NYSE:BDC - Get Free Report) last posted its earnings results on Thursday, May 1st. The industrial products company reported $1.60 EPS for the quarter, topping 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 for the quarter, compared to the consensus estimate of $615.81 million. During the same period in the previous year, the business earned $1.24 earnings per share. The firm's revenue for the quarter was up 16.6% on a year-over-year basis. On average, equities research analysts forecast that Belden Inc. will post 7.07 EPS for the current fiscal year.

Belden Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, April 10th. Investors of record on Thursday, March 13th were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.19%. The ex-dividend date was Thursday, March 13th. Belden's dividend payout ratio is presently 3.86%.

Insider Transactions at Belden

In other Belden news, Director Jonathan C. Klein sold 2,129 shares of the firm's stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $110.00, for a total value of $234,190.00. Following the completion of the transaction, the director now owns 9,968 shares of the company's stock, valued at approximately $1,096,480. This trade represents a 17.60 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Gregory James Mccray sold 4,200 shares of the business's stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $105.21, for a total transaction of $441,882.00. Following the sale, the director now directly owns 4,199 shares in the company, valued at $441,776.79. This trade represents 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 have sold 23,428 shares of company stock valued at $2,589,774. 1.48% of the stock is currently 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.