2,400 Shares in Belden Inc. (NYSE:BDC) Purchased by Entropy Technologies LP

Entropy Technologies LP bought a new stake in Belden Inc. (NYSE:BDC - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 2,400 shares of the industrial products company's stock, valued at approximately $270,000.

Several other institutional investors and hedge funds also recently modified their holdings of BDC. Foster & Motley Inc. grew its holdings in shares of Belden by 3.3% during the 4th quarter. Foster & Motley Inc. now owns 39,948 shares of the industrial products company's stock valued at $4,499,000 after purchasing an additional 1,273 shares during the last quarter. Nilsine Partners LLC increased its position in shares of Belden by 3.9% during the fourth quarter. Nilsine Partners LLC now owns 34,879 shares of the industrial products company's stock worth $3,928,000 after acquiring an additional 1,315 shares in the last quarter. Pacer Advisors Inc. grew its position in Belden by 4.4% in the 4th quarter. Pacer Advisors Inc. now owns 6,973 shares of the industrial products company's stock worth $785,000 after purchasing an additional 295 shares in the last quarter. KBC Group NV increased its position in shares of Belden by 1,796.3% during the fourth quarter. KBC Group NV now owns 23,912 shares of the industrial products company's stock valued at $2,693,000 after acquiring an additional 22,651 shares during the last quarter. Finally, Blue Trust Inc. raised its stake in shares of Belden by 29.9% during the 4th quarter. Blue Trust Inc. now owns 2,197 shares of the industrial products company's stock worth $257,000 after purchasing an additional 506 shares during the period. 98.75% of the stock is owned by institutional investors and hedge funds.

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Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Benchmark reiterated a "buy" rating and set a $130.00 target price on shares of Belden in a research report on Monday, February 10th. StockNews.com upgraded shares of Belden from a "buy" rating to a "strong-buy" rating in a research report on Monday, February 10th. Truist Financial increased their price objective on Belden from $124.00 to $136.00 and gave the company a "buy" rating in a research report on Friday, November 1st. Finally, Loop Capital lowered their target price on Belden from $155.00 to $145.00 and set a "buy" rating for the company in a research note on Tuesday, February 11th. Four research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Belden presently has an average rating of "Buy" and an average price target of $130.25.

Belden Trading Up 0.3 %

Belden stock traded up $0.30 during midday trading on Monday, reaching $114.69. The stock had a trading volume of 350,075 shares, compared to its average volume of 229,557. The firm has a market cap of $4.63 billion, a price-to-earnings ratio of 23.84 and a beta of 1.08. The company has a fifty day moving average of $116.17 and a 200 day moving average of $114.02. Belden Inc. has a 52-week low of $78.64 and a 52-week high of $131.82. The company has a quick ratio of 1.43, a current ratio of 1.92 and a debt-to-equity ratio of 0.87.

Belden (NYSE:BDC - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The industrial products company reported $1.92 earnings per share (EPS) for the quarter, beating 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, analysts anticipate that Belden Inc. will post 7.76 earnings per share for the current fiscal year.

Belden Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, December 12th were issued a $0.05 dividend. The ex-dividend date of this dividend was Thursday, December 12th. This represents a $0.20 dividend on an annualized basis and a yield of 0.17%. Belden's payout ratio is 4.16%.

Insider Buying and Selling

In related news, SVP Leah Tate sold 2,400 shares of the business's stock in a transaction on Friday, February 7th. The stock was sold at an average price of $114.77, for a total value of $275,448.00. Following the sale, the senior vice president now 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.59% of the stock is currently owned by 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.