Vanguard Group Inc. Sells 28,279 Shares of Belden Inc. (NYSE:BDC)

Vanguard Group Inc. reduced its stake in shares of Belden Inc. (NYSE:BDC - Free Report) by 0.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,872,237 shares of the industrial products company's stock after selling 28,279 shares during the period. Vanguard Group Inc. owned 12.08% of Belden worth $548,663,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in BDC. First Horizon Advisors Inc. grew its stake in Belden by 49.9% in the 4th quarter. First Horizon Advisors Inc. now owns 634 shares of the industrial products company's stock valued at $71,000 after buying an additional 211 shares during the last quarter. Parkside Financial Bank & Trust grew its position in shares of Belden by 31.3% in the fourth quarter. Parkside Financial Bank & Trust now owns 835 shares of the industrial products company's stock valued at $94,000 after purchasing an additional 199 shares during the last quarter. Principal Securities Inc. increased its stake in shares of Belden by 9.6% in 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 during the period. TD Private Client Wealth LLC lifted its position in shares of Belden by 72.3% during the 3rd quarter. TD Private Client Wealth LLC now owns 1,427 shares of the industrial products company's stock worth $167,000 after purchasing an additional 599 shares during the last quarter. Finally, Matrix Trust Co boosted its stake in Belden by 624.8% during the 4th quarter. Matrix Trust Co now owns 1,522 shares of the industrial products company's stock valued at $171,000 after purchasing an additional 1,312 shares during the period. Institutional investors and hedge funds own 98.75% of the company's stock.

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Belden Stock Performance

Shares of NYSE:BDC traded down $4.01 during trading on Friday, hitting $88.99. 503,960 shares of the stock were exchanged, compared to its average volume of 270,112. The company's fifty day simple moving average is $107.97 and its 200-day simple moving average is $114.70. 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 company has a market capitalization of $3.58 billion, a price-to-earnings ratio of 18.50 and a beta of 1.07. Belden Inc. has a 1-year low of $80.90 and a 1-year high of $131.82.

Belden (NYSE:BDC - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The industrial products company reported $1.92 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.68 by $0.24. Belden had a net margin of 8.06% and a return on equity of 21.42%. Sell-side analysts expect that Belden Inc. will post 7.07 EPS for the current fiscal year.

Belden Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Thursday, March 13th will be paid a dividend of $0.05 per share. The ex-dividend date is Thursday, March 13th. This represents a $0.20 annualized dividend and a yield of 0.22%. Belden's dividend payout ratio is currently 4.16%.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. StockNews.com downgraded Belden from a "strong-buy" rating to a "buy" rating in a research report on Friday. Loop Capital dropped their target price on shares of Belden from $155.00 to $145.00 and set a "buy" rating on the stock in a research report on Tuesday, February 11th. Finally, Benchmark reissued a "buy" rating and issued a $130.00 price target on shares of Belden in a report on Monday, February 10th. Five research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $130.25.

Insider Activity

In other Belden news, CEO Ashish Chand sold 14,535 shares of the business's stock in a transaction on Monday, February 24th. The stock was sold at an average price of $111.45, for a total value of $1,619,925.75. Following the transaction, the chief executive officer now owns 107,129 shares of the company's stock, valued at approximately $11,939,527.05. The trade was a 11.95 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Leah Tate sold 2,400 shares of the stock in a transaction on Friday, February 7th. The stock was sold at an average price of $114.77, for a total value of $275,448.00. Following the sale, the senior vice president now owns 23,243 shares in the company, valued at $2,667,599.11. The trade was a 9.36 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 23,428 shares of company stock worth $2,589,774. Corporate insiders own 1.59% of the company's stock.

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.