13,794 Shares in Belden Inc. (NYSE:BDC) Bought by Edgestream Partners L.P.

Edgestream Partners L.P. acquired a new position in Belden Inc. (NYSE:BDC - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 13,794 shares of the industrial products company's stock, valued at approximately $1,553,000.

A number of other institutional investors have also modified their holdings of BDC. Prospera Private Wealth LLC purchased a new position in shares of Belden during the 3rd quarter valued at about $33,000. First Horizon Advisors Inc. boosted its holdings in Belden by 97.7% in the 3rd quarter. First Horizon Advisors Inc. now owns 423 shares of the industrial products company's stock worth $50,000 after buying an additional 209 shares during the last quarter. Parkside Financial Bank & Trust boosted its holdings in Belden by 31.3% in the 4th quarter. Parkside Financial Bank & Trust now owns 835 shares of the industrial products company's stock worth $94,000 after buying an additional 199 shares during the last quarter. Principal Securities Inc. boosted its holdings in Belden by 9.6% in the 4th quarter. Principal Securities Inc. now owns 1,202 shares of the industrial products company's stock worth $135,000 after buying an additional 105 shares during the last quarter. Finally, KBC Group NV boosted its holdings in Belden by 27.8% in the 3rd quarter. KBC Group NV now owns 1,261 shares of the industrial products company's stock worth $148,000 after buying an additional 274 shares during the last quarter. Hedge funds and other institutional investors own 98.75% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on BDC. Benchmark restated a "buy" rating and set a $130.00 target price on shares of Belden in a report on Monday, February 10th. Loop Capital lowered their target price on Belden from $155.00 to $145.00 and set a "buy" rating on the stock in a report on Tuesday, February 11th. Finally, StockNews.com upgraded Belden from a "buy" rating to a "strong-buy" rating in a report on Monday, February 10th. Four research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of $130.25.

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Belden Trading Up 1.7 %

Shares of BDC stock traded up $1.73 during trading on Friday, hitting $101.55. 329,327 shares of the stock traded hands, compared to its average volume of 256,299. The firm has a market capitalization of $4.09 billion, a P/E ratio of 21.11 and a beta of 1.02. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.92 and a quick ratio of 1.37. The firm's fifty day moving average price is $113.19 and its 200-day moving average price is $114.91. Belden Inc. has a 52-week low of $80.90 and a 52-week high of $131.82.

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

Belden Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Thursday, March 13th will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.20%. The ex-dividend date is Thursday, March 13th. Belden's payout ratio is presently 4.16%.

Insider Activity

In other Belden news, CEO Ashish Chand sold 14,535 shares of the business's stock in a transaction that occurred 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 owns 107,129 shares of the company's stock, valued at $11,939,527.05. The trade was a 11.95 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Leah Tate sold 2,400 shares of the business'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 value of $275,448.00. Following the completion of the sale, the senior vice president now directly owns 23,243 shares in the company, valued at approximately $2,667,599.11. The trade was a 9.36 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 23,428 shares of company stock valued at $2,589,774. 1.59% of the stock is currently owned by company insiders.

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.