Barclays PLC raised its stake in shares of Belden Inc. (NYSE:BDC - Free Report) by 189.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 80,132 shares of the industrial products company's stock after purchasing an additional 52,439 shares during the period. Barclays PLC owned 0.20% of Belden worth $9,386,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also modified their holdings of the company. Retirement Systems of Alabama lifted its stake in Belden by 2.1% in the second quarter. Retirement Systems of Alabama now owns 249,573 shares of the industrial products company's stock worth $23,410,000 after purchasing an additional 5,209 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Belden by 3.0% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,286 shares of the industrial products company's stock valued at $871,000 after acquiring an additional 269 shares during the period. F M Investments LLC bought a new position in Belden in the 2nd quarter valued at $12,659,000. Innealta Capital LLC purchased a new stake in Belden in the second quarter worth $95,000. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new stake in shares of Belden during the second quarter worth $788,000. 98.75% of the stock is owned by institutional investors.
Insider Transactions at Belden
In related news, CAO Doug Zink sold 3,000 shares of Belden stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $128.82, for a total transaction of $386,460.00. Following the completion of the sale, the chief accounting officer now owns 6,643 shares of the company's stock, valued at $855,751.26. The trade was a 31.11 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 1.59% of the company's stock.
Belden Stock Down 4.3 %
NYSE BDC traded down $5.06 on Wednesday, hitting $113.79. The stock had a trading volume of 307,134 shares, compared to its average volume of 267,014. Belden Inc. has a 52-week low of $71.20 and a 52-week high of $131.82. The business's fifty day moving average price is $120.77 and its 200 day moving average price is $107.41. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.07 and a quick ratio of 1.43. The stock has a market cap of $4.59 billion, a price-to-earnings ratio of 26.46 and a beta of 1.08.
Belden (NYSE:BDC - Get Free Report) last announced its earnings results on Thursday, October 31st. The industrial products company reported $1.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.61 by $0.09. The company had revenue of $654.90 million for the quarter, compared to analyst estimates of $643.63 million. Belden had a return on equity of 20.55% and a net margin of 7.61%. The firm's quarterly revenue was up 4.5% compared to the same quarter last year. During the same period in the prior year, the company posted $1.78 EPS. Equities research analysts anticipate that Belden Inc. will post 6.12 earnings per share for the current year.
Belden Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Thursday, December 12th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Thursday, December 12th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.18%. Belden's dividend payout ratio is currently 4.65%.
Analyst Ratings Changes
A number of equities research analysts recently weighed in on the stock. Benchmark lifted their price objective on shares of Belden from $120.00 to $130.00 and gave the company a "buy" rating in a report on Friday, November 1st. Truist Financial upped their target price on Belden from $124.00 to $136.00 and gave the stock a "buy" rating in a report on Friday, November 1st. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target of $122.75.
Check Out Our Latest Report on Belden
Belden Company Profile
(
Free Report)
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.
Further Reading
Before you consider Belden, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Belden wasn't on the list.
While Belden currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know?
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
