Belden Inc. (NYSE:BDC) Position Reduced by William Blair Investment Management LLC

William Blair Investment Management LLC reduced its position in Belden Inc. (NYSE:BDC - Free Report) by 30.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 285,634 shares of the industrial products company's stock after selling 123,037 shares during the period. William Blair Investment Management LLC owned about 0.71% of Belden worth $32,165,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Citigroup Inc. increased its stake in Belden by 157.5% in the 3rd quarter. Citigroup Inc. now owns 32,453 shares of the industrial products company's stock valued at $3,801,000 after purchasing an additional 19,849 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Belden by 0.6% in the third quarter. Geode Capital Management LLC now owns 960,974 shares of the industrial products company's stock valued at $112,580,000 after acquiring an additional 5,727 shares during the last quarter. Cerity Partners LLC raised its position in Belden by 32.4% in the third quarter. Cerity Partners LLC now owns 12,759 shares of the industrial products company's stock valued at $1,494,000 after purchasing an additional 3,120 shares during the period. Polen Capital Management LLC purchased a new position in Belden in the fourth quarter valued at about $2,723,000. Finally, Barclays PLC raised its position in Belden by 189.4% in the third quarter. Barclays PLC now owns 80,132 shares of the industrial products company's stock valued at $9,386,000 after purchasing an additional 52,439 shares during the period. 98.75% of the stock is owned by hedge funds and other institutional investors.

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Belden Stock Down 0.8 %

Belden stock traded down $0.87 during midday trading on Friday, hitting $101.91. The stock had a trading volume of 705,161 shares, compared to its average volume of 256,650. The company has a current ratio of 1.92, a quick ratio of 1.37 and a debt-to-equity ratio of 0.87. The stock has a market cap of $4.10 billion, a P/E ratio of 21.19 and a beta of 1.02. Belden Inc. has a 12 month low of $80.90 and a 12 month high of $131.82. The business has a fifty day moving average price of $111.47 and a 200 day moving average price of $114.65.

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 for the quarter, beating the consensus estimate of $1.68 by $0.24. Belden had a return on equity of 21.42% and a net margin of 8.06%. Research analysts predict that Belden Inc. will post 7.07 EPS for the current year.

Belden Announces Dividend

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

Analyst Ratings Changes

A number of brokerages have recently issued reports on BDC. Benchmark reaffirmed a "buy" rating and set a $130.00 target price on shares of Belden in a research report on Monday, February 10th. Loop Capital dropped their target price on Belden from $155.00 to $145.00 and set a "buy" rating on the stock in a research report on Tuesday, February 11th. Finally, StockNews.com raised Belden from a "buy" rating to a "strong-buy" rating in a research report on Monday, February 10th. Four analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Belden presently has a consensus rating of "Buy" and a consensus target price of $130.25.

Insider Buying and Selling at Belden

In other Belden news, Director Gregory James Mccray sold 4,200 shares of Belden stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $105.21, for a total value of $441,882.00. Following the completion of the transaction, 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 sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Leah Tate sold 2,400 shares of Belden stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $114.77, for a total value of $275,448.00. Following the completion of the transaction, the senior vice president now owns 23,243 shares of the company's stock, valued at approximately $2,667,599.11. The trade was a 9.36 % 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 ninety days. Company insiders own 1.59% of the company's stock.

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.