Belden Inc. (NYSE:BDC) Shares Purchased by CenterBook Partners LP

CenterBook Partners LP raised its holdings in Belden Inc. (NYSE:BDC - Free Report) by 60.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 14,028 shares of the industrial products company's stock after buying an additional 5,260 shares during the quarter. CenterBook Partners LP's holdings in Belden were worth $1,580,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Captrust Financial Advisors lifted its position in Belden by 38.2% during the third quarter. Captrust Financial Advisors now owns 5,411 shares of the industrial products company's stock valued at $634,000 after buying an additional 1,497 shares during the period. HighTower Advisors LLC increased its position in Belden by 13.1% in the third quarter. HighTower Advisors LLC now owns 3,428 shares of the industrial products company's stock worth $402,000 after purchasing an additional 397 shares during the last quarter. State Street Corp grew its stake in shares of Belden by 6.8% during the third quarter. State Street Corp now owns 1,574,784 shares of the industrial products company's stock valued at $184,532,000 after buying an additional 100,145 shares during the last quarter. Wolverine Trading LLC lifted its holdings in shares of Belden by 135.2% in the 3rd quarter. Wolverine Trading LLC now owns 1,794 shares of the industrial products company's stock worth $208,000 after buying an additional 6,894 shares during the period. Finally, Barclays PLC boosted its position in Belden by 189.4% during the 3rd quarter. Barclays PLC now owns 80,132 shares of the industrial products company's stock valued at $9,386,000 after acquiring an additional 52,439 shares in the last quarter. Institutional investors own 98.75% of the company's stock.

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Belden Stock Down 1.2 %

Shares of NYSE:BDC traded down $1.10 during midday trading on Wednesday, reaching $93.84. 37,436 shares of the company were exchanged, compared to its average volume of 297,791. Belden Inc. has a fifty-two week low of $80.90 and a fifty-two week high of $131.82. The stock has a fifty day simple moving average of $103.86 and a two-hundred day simple moving average of $113.40. The firm has a market cap of $3.73 billion, a PE ratio of 19.51 and a beta of 1.07. The company has a quick ratio of 1.37, a current ratio of 1.92 and a debt-to-equity ratio of 0.87.

Belden (NYSE:BDC - Get Free Report) last posted 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%. As a group, sell-side analysts forecast that Belden Inc. will post 7.07 earnings per share for the current year.

Belden Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 10th. Shareholders of record on Thursday, March 13th were given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.21%. The ex-dividend date was Thursday, March 13th. Belden's payout ratio is 4.16%.

Insider Buying and Selling

In other news, CEO Ashish Chand sold 14,535 shares of the 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 sale, the chief executive officer now directly owns 107,129 shares of the company's stock, valued at approximately $11,939,527.05. This represents a 11.95 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Leah Tate sold 2,400 shares of the business's stock in a transaction dated Friday, February 7th. The stock was 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 directly owns 23,243 shares of the company's stock, valued at approximately $2,667,599.11. This trade represents a 9.36 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 23,428 shares of company stock worth $2,589,774. 1.59% of the stock is owned by company insiders.

Analysts Set New Price Targets

BDC has been the subject of a number of research analyst reports. Benchmark restated a "buy" rating and set a $130.00 price objective on shares of Belden in a research report on Monday, February 10th. StockNews.com cut shares of Belden from a "strong-buy" rating to a "buy" rating in a research report on Tuesday. The Goldman Sachs Group decreased their target price on shares of Belden from $139.00 to $120.00 and set a "buy" rating on the stock in a research report on Thursday, April 10th. Finally, Loop Capital lowered their price target on shares of Belden from $155.00 to $145.00 and set a "buy" rating for the company in a report on Tuesday, February 11th. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of $128.20.

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.