Ceredex Value Advisors LLC Purchases 20,650 Shares of Belden Inc. (NYSE:BDC)

Ceredex Value Advisors LLC increased its stake in shares of Belden Inc. (NYSE:BDC - Free Report) by 21.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 114,821 shares of the industrial products company's stock after buying an additional 20,650 shares during the period. Ceredex Value Advisors LLC owned about 0.28% of Belden worth $12,930,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. HighTower Advisors LLC lifted its holdings in Belden by 13.1% during the 3rd quarter. HighTower Advisors LLC now owns 3,428 shares of the industrial products company's stock worth $402,000 after buying an additional 397 shares during the last quarter. Barclays PLC boosted its stake 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 acquiring an additional 52,439 shares during the period. Geode Capital Management LLC raised its position in shares of Belden by 0.6% during the 3rd quarter. Geode Capital Management LLC now owns 960,974 shares of the industrial products company's stock worth $112,580,000 after purchasing an additional 5,727 shares during the period. Tidal Investments LLC grew its stake in Belden by 5.1% during the 3rd quarter. Tidal Investments LLC now owns 8,742 shares of the industrial products company's stock worth $1,024,000 after buying an additional 426 shares during the last quarter. Finally, Peapack Gladstone Financial Corp acquired a new stake in shares of Belden in the 3rd quarter worth about $243,000. 98.75% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, SVP Leah Tate sold 2,400 shares of the firm's stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $114.77, for a total transaction of $275,448.00. Following the completion of the sale, the senior vice president now 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Jonathan C. Klein sold 2,129 shares of the business's stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $110.00, for a total value of $234,190.00. Following the completion of the transaction, the director now directly owns 9,968 shares in the company, valued at $1,096,480. The trade was a 17.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 23,428 shares of company stock worth $2,589,774 over the last 90 days. Corporate insiders own 1.59% of the company's stock.

Belden Stock Down 2.6 %

Shares of NYSE:BDC traded down $2.41 on Monday, reaching $91.61. The company had a trading volume of 70,137 shares, compared to its average volume of 274,181. 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 stock has a market capitalization of $3.64 billion, a P/E ratio of 19.05 and a beta of 1.07. The stock has a 50-day moving average price of $102.65 and a 200 day moving average price of $112.92. Belden Inc. has a twelve month low of $81.02 and a twelve month high of $131.82.

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

Belden Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, April 10th. Investors of record on Thursday, March 13th were paid a $0.05 dividend. The ex-dividend date was Thursday, March 13th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.22%. Belden's payout ratio is 4.16%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on BDC. The Goldman Sachs Group reduced their price objective on Belden from $139.00 to $120.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. Loop Capital reduced their price target on shares of Belden from $155.00 to $145.00 and set a "buy" rating for the company in a research note on Tuesday, February 11th. StockNews.com cut Belden from a "strong-buy" rating to a "buy" rating in a report on Tuesday, April 15th. Finally, Benchmark decreased their price target on Belden from $130.00 to $120.00 and set a "buy" rating for the company in a research note on Monday. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Belden has a consensus rating of "Buy" and an average target price of $126.20.

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.