Leah Tate Sells 164 Shares of Belden Inc. (NYSE:BDC) Stock

Belden Inc. (NYSE:BDC - Get Free Report) SVP Leah Tate sold 164 shares of the company's stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $111.76, for a total transaction of $18,328.64. Following the completion of the transaction, the senior vice president now directly owns 22,567 shares of the company's stock, valued at approximately $2,522,087.92. The trade was a 0.72 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Leah Tate also recently made the following trade(s):

• On Friday, February 7th, Leah Tate sold 2,400 shares of Belden stock. The stock was sold at an average price of $114.77, for a total transaction of $275,448.00.

Belden Stock Performance

Shares of NYSE:BDC traded up $3.04 on Friday, reaching $110.11. 347,739 shares of the company's stock were exchanged, compared to its average volume of 262,211. The company has a fifty day moving average of $114.79 and a 200-day moving average of $114.76. Belden Inc. has a twelve month low of $80.90 and a twelve month high of $131.82. The company has a market capitalization of $4.43 billion, a price-to-earnings ratio of 22.89 and a beta of 1.08. The company has a current ratio of 1.92, a quick ratio of 1.37 and a debt-to-equity ratio of 0.87.

Belden (NYSE:BDC - Get Free Report) last announced its earnings results on Thursday, February 6th. The industrial products company reported $1.92 earnings per share (EPS) for the quarter, topping 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%. On average, research analysts predict that Belden Inc. will post 7.07 EPS for the current fiscal year.

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Belden Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Investors 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 annualized dividend and a dividend yield of 0.18%. Belden's dividend payout ratio is 4.16%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on BDC shares. Truist Financial upped their target price on shares of Belden from $124.00 to $136.00 and gave the company a "buy" rating in a report on Friday, November 1st. StockNews.com raised shares of Belden from a "buy" rating to a "strong-buy" rating in a report on Monday, February 10th. Loop Capital lowered their price target on shares of Belden from $155.00 to $145.00 and set a "buy" rating on the stock in a 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. Four equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Belden presently has a consensus rating of "Buy" and a consensus target price of $130.25.

Institutional Trading of Belden

Large investors have recently made changes to their positions in the company. Aster Capital Management DIFC Ltd acquired a new stake in shares of Belden during the 4th quarter worth approximately $26,000. Prospera Private Wealth LLC acquired a new stake in Belden in the third quarter valued at approximately $33,000. Quarry LP boosted its position in Belden by 208.7% in the fourth quarter. Quarry LP now owns 392 shares of the industrial products company's stock valued at $44,000 after buying an additional 265 shares in the last quarter. First Horizon Advisors Inc. boosted its position in Belden by 97.7% in the third quarter. First Horizon Advisors Inc. now owns 423 shares of the industrial products company's stock valued at $50,000 after buying an additional 209 shares in the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new stake in Belden in the fourth quarter valued at approximately $61,000. Institutional investors and hedge funds own 98.75% of the company's stock.

About Belden

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.