Belden Inc. (NYSE:BDC) Shares Purchased by Intech Investment Management LLC

Intech Investment Management LLC boosted its holdings in Belden Inc. (NYSE:BDC - Free Report) by 57.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,594 shares of the industrial products company's stock after purchasing an additional 8,999 shares during the quarter. Intech Investment Management LLC owned about 0.06% of Belden worth $2,770,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of BDC. KBC Group NV raised its holdings in shares of Belden by 27.8% in the third quarter. KBC Group NV now owns 1,261 shares of the industrial products company's stock valued at $148,000 after buying an additional 274 shares during the last quarter. Natixis Advisors LLC increased its position in Belden by 1.9% in the 3rd quarter. Natixis Advisors LLC now owns 39,239 shares of the industrial products company's stock valued at $4,596,000 after acquiring an additional 741 shares during the period. Prospera Private Wealth LLC purchased a new stake in Belden during the 3rd quarter valued at approximately $33,000. Advisors Asset Management Inc. lifted its position in Belden by 53.0% during the 3rd quarter. Advisors Asset Management Inc. now owns 3,307 shares of the industrial products company's stock worth $387,000 after acquiring an additional 1,145 shares during the period. Finally, First Horizon Advisors Inc. grew its stake in shares of Belden by 97.7% in the 3rd quarter. First Horizon Advisors Inc. now owns 423 shares of the industrial products company's stock valued at $50,000 after purchasing an additional 209 shares during the last quarter. Institutional investors and hedge funds own 98.75% of the company's stock.

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Insider Activity

In related news, SVP Leah Tate sold 2,400 shares of Belden stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $114.77, for a total transaction of $275,448.00. Following the completion of the sale, the senior vice president now owns 23,243 shares in the company, valued at approximately $2,667,599.11. This trade represents a 9.36 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Ashish Chand sold 14,535 shares of the company's stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $111.45, for a total transaction of $1,619,925.75. Following the completion of the transaction, the chief executive officer now owns 107,129 shares in the company, valued at approximately $11,939,527.05. This trade represents a 11.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 23,428 shares of company stock worth $2,589,774 over the last 90 days. 1.59% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on BDC shares. Loop Capital decreased their price target on Belden from $155.00 to $145.00 and set a "buy" rating for the company in a report on Tuesday, February 11th. StockNews.com upgraded shares of Belden from a "buy" rating to a "strong-buy" rating in a research note on Monday, February 10th. Finally, Benchmark reiterated a "buy" rating and set a $130.00 price target on shares of Belden in a research note on Monday, February 10th. Four research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Belden presently has a consensus rating of "Buy" and a consensus target price of $130.25.

Belden Price Performance

Belden stock traded up $3.62 during midday trading on Monday, reaching $105.42. The company's stock had a trading volume of 318,721 shares, compared to its average volume of 257,029. 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 fifty-two week low of $80.90 and a fifty-two week high of $131.82. The firm has a market capitalization of $4.25 billion, a PE ratio of 21.92 and a beta of 1.02. The stock's 50 day simple moving average is $111.47 and its 200 day simple moving average is $114.83.

Belden (NYSE:BDC - Get Free Report) last issued its earnings results on Thursday, February 6th. The industrial products company reported $1.92 earnings per share for the quarter, topping the consensus estimate of $1.68 by $0.24. Belden had a net margin of 8.06% and a return on equity of 21.42%. On average, equities research analysts forecast that Belden Inc. will post 7.07 earnings per share for the current year.

Belden Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Thursday, March 13th will be given a dividend of $0.05 per share. The ex-dividend date is Thursday, March 13th. This represents a $0.20 dividend on an annualized basis and a yield of 0.19%. Belden's payout ratio is 4.16%.

Belden Company 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.