F M Investments LLC Sells 88,391 Shares of Belden Inc. (NYSE:BDC)

F M Investments LLC trimmed its holdings in Belden Inc. (NYSE:BDC - Free Report) by 64.0% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 49,642 shares of the industrial products company's stock after selling 88,391 shares during the quarter. F M Investments LLC owned about 0.12% of Belden worth $5,590,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of BDC. Aster Capital Management DIFC Ltd bought a new stake in shares of Belden in the fourth quarter worth approximately $26,000. First Horizon Advisors Inc. boosted its holdings in Belden by 49.9% in the fourth quarter. First Horizon Advisors Inc. now owns 634 shares of the industrial products company's stock worth $71,000 after purchasing an additional 211 shares during the last quarter. Parkside Financial Bank & Trust grew its position 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 purchasing an additional 199 shares during the period. Principal Securities Inc. raised its stake in Belden by 9.6% during the 4th quarter. Principal Securities Inc. now owns 1,202 shares of the industrial products company's stock valued at $135,000 after buying an additional 105 shares during the last quarter. Finally, TD Private Client Wealth LLC lifted its holdings in shares of Belden by 72.3% during the 3rd quarter. TD Private Client Wealth LLC now owns 1,427 shares of the industrial products company's stock valued at $167,000 after buying an additional 599 shares during the period. Hedge funds and other institutional investors own 98.75% of the company's stock.

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Analysts Set New Price Targets

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

Insider Buying and Selling

In related news, SVP Leah Tate sold 2,400 shares of the firm's stock in a transaction 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 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Gregory James Mccray sold 4,200 shares of the company's 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 in the company, valued at $441,776.79. This represents a 50.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 23,428 shares of company stock valued at $2,589,774. Corporate insiders own 1.59% of the company's stock.

Belden Stock Performance

BDC traded down $0.32 during midday trading on Tuesday, reaching $94.50. The company had a trading volume of 83,107 shares, compared to its average volume of 273,228. The business has a 50-day moving average of $104.26 and a two-hundred day moving average of $113.53. 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 1 year low of $80.90 and a 1 year high of $131.82. The company has a market cap of $3.76 billion, a P/E ratio of 19.65 and a beta of 1.07.

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

Belden Announces Dividend

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

Belden 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.