Counterpoint Mutual Funds LLC Takes Position in Belden Inc. (NYSE:BDC)

Counterpoint Mutual Funds LLC purchased a new position in Belden Inc. (NYSE:BDC - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 2,801 shares of the industrial products company's stock, valued at approximately $315,000.

A number of other institutional investors have also added to or reduced their stakes in the stock. Cibc World Markets Corp bought a new position in shares of Belden during the fourth quarter worth $427,000. Polen Capital Management LLC bought a new stake in Belden in the 4th quarter valued at $2,723,000. Swiss National Bank lifted its stake in Belden by 1.0% in the 4th quarter. Swiss National Bank now owns 80,200 shares of the industrial products company's stock worth $9,031,000 after purchasing an additional 800 shares in the last quarter. Great Lakes Advisors LLC boosted its holdings in shares of Belden by 169.6% during the 4th quarter. Great Lakes Advisors LLC now owns 146,317 shares of the industrial products company's stock valued at $16,477,000 after purchasing an additional 92,037 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Belden by 21.3% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,261 shares of the industrial products company's stock valued at $1,268,000 after purchasing an additional 1,975 shares in the last quarter. 98.75% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Belden

In other news, SVP Leah Tate sold 2,400 shares of the company'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 represents a 9.36 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Gregory James Mccray sold 4,200 shares of Belden stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $105.21, for a total transaction of $441,882.00. Following the sale, the director now owns 4,199 shares of the company's stock, valued at $441,776.79. The trade was a 50.01 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 23,428 shares of company stock worth $2,589,774. Insiders own 1.59% of the company's stock.

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Belden Trading Down 0.8 %

BDC traded down $0.87 on Friday, hitting $101.91. The company had a trading volume of 705,161 shares, compared to its average volume of 257,177. The business's fifty day simple moving average is $111.71 and its 200 day simple moving average is $114.68. 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 Inc. has a 12-month low of $80.90 and a 12-month high of $131.82. The company has a market cap of $4.10 billion, a PE ratio of 21.19 and a beta of 1.02.

Belden (NYSE:BDC - Get Free Report) last announced its 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%. Equities research analysts expect that Belden Inc. will post 7.07 EPS for the current year.

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 paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.20%. Belden's dividend payout ratio is presently 4.16%.

Analysts Set New Price Targets

BDC has been the topic of a number of research analyst reports. Benchmark reiterated a "buy" rating and issued a $130.00 target price on shares of Belden in a research report on Monday, February 10th. Loop Capital reduced their price objective on Belden from $155.00 to $145.00 and set a "buy" rating on the stock in a research note on Tuesday, February 11th. Finally, StockNews.com upgraded 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 assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $130.25.

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.