Belden Inc. (NYSE:BDC) Stock Holdings Boosted by Boston Partners

Boston Partners raised its stake in Belden Inc. (NYSE:BDC - Free Report) by 43.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 230,170 shares of the industrial products company's stock after purchasing an additional 69,365 shares during the quarter. Boston Partners owned about 0.57% of Belden worth $26,387,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in BDC. KBC Group NV increased its stake in Belden by 27.8% during the third quarter. KBC Group NV now owns 1,261 shares of the industrial products company's stock worth $148,000 after acquiring an additional 274 shares during the last quarter. Natixis Advisors LLC increased its position in Belden by 1.9% during the 3rd quarter. Natixis Advisors LLC now owns 39,239 shares of the industrial products company's stock worth $4,596,000 after purchasing an additional 741 shares in the last quarter. Prospera Private Wealth LLC acquired a new stake in Belden during the 3rd quarter worth approximately $33,000. Advisors Asset Management Inc. raised its holdings in Belden by 53.0% in the third quarter. Advisors Asset Management Inc. now owns 3,307 shares of the industrial products company's stock valued at $387,000 after buying an additional 1,145 shares during the period. Finally, First Horizon Advisors Inc. lifted its position in Belden by 97.7% during 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. 98.75% of the stock is owned by hedge funds and other institutional investors.

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Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on BDC shares. Loop Capital dropped their price objective on shares of Belden from $155.00 to $145.00 and set a "buy" rating for the company in a research report on Tuesday, February 11th. StockNews.com upgraded Belden from a "buy" rating to a "strong-buy" rating in a report on Monday, February 10th. Finally, Benchmark restated a "buy" rating and set a $130.00 price objective 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 stock. According to data from MarketBeat.com, Belden has an average rating of "Buy" and a consensus price target of $130.25.

Belden Stock Up 3.6 %

Shares of BDC traded up $3.62 during 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. Belden Inc. has a twelve month low of $80.90 and a twelve month high of $131.82. The company has a quick ratio of 1.37, a current ratio of 1.92 and a debt-to-equity ratio of 0.87. The company has a market cap of $4.25 billion, a price-to-earnings ratio of 21.92 and a beta of 1.02. The company has a fifty day moving average of $111.47 and a two-hundred day moving average of $114.83.

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, 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, sell-side analysts predict that Belden Inc. will post 7.07 EPS for the current fiscal 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 issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.19%. The ex-dividend date is Thursday, March 13th. Belden's dividend payout ratio is presently 4.16%.

Insiders Place Their Bets

In other news, SVP Leah Tate sold 2,400 shares of the firm's stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $114.77, for a total value of $275,448.00. Following the transaction, the senior vice president now directly 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 filing with the SEC, which can be accessed through the SEC website. Also, CEO Ashish Chand sold 14,535 shares of Belden 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 directly owns 107,129 shares of the company's stock, valued at $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 have sold a total of 23,428 shares of company stock valued at $2,589,774 in the last quarter. 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.