Fmr LLC Boosts Stock Position in Belden Inc. (NYSE:BDC)

FMR LLC increased its stake in Belden Inc. (NYSE:BDC - Free Report) by 5.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,710,224 shares of the industrial products company's stock after acquiring an additional 223,887 shares during the quarter. FMR LLC owned about 11.68% of Belden worth $530,418,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. Norges Bank bought a new stake in shares of Belden in the 4th quarter valued at $54,167,000. JPMorgan Chase & Co. increased its holdings in Belden by 61.2% during the 4th quarter. JPMorgan Chase & Co. now owns 294,925 shares of the industrial products company's stock worth $33,212,000 after purchasing an additional 111,952 shares in the last quarter. State Street Corp grew its holdings in Belden by 6.8% during the third quarter. State Street Corp now owns 1,574,784 shares of the industrial products company's stock worth $184,532,000 after buying an additional 100,145 shares in the last quarter. Great Lakes Advisors LLC grew its stake in shares of Belden by 169.6% in the 4th quarter. Great Lakes Advisors LLC now owns 146,317 shares of the industrial products company's stock worth $16,477,000 after acquiring an additional 92,037 shares in the last quarter. Finally, Boston Partners increased its stake in Belden by 43.1% in the 4th quarter. Boston Partners now owns 230,170 shares of the industrial products company's stock valued at $26,387,000 after buying an additional 69,365 shares during the last quarter. 98.75% of the stock is currently owned by institutional investors.

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Insider Transactions at Belden

In other Belden news, CEO Ashish Chand sold 14,535 shares of the company'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 completion of the sale, the chief executive officer now owns 107,129 shares of the company's stock, valued at $11,939,527.05. This represents a 11.95 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Leah Tate sold 2,400 shares of the 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 transaction, the senior vice president now owns 23,243 shares in the company, valued at $2,667,599.11. The trade was a 9.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 23,428 shares of company stock valued at $2,589,774. Insiders own 1.59% of the company's stock.

Belden Price Performance

NYSE BDC traded up $1.69 on Monday, hitting $95.17. The stock had a trading volume of 65,444 shares, compared to its average volume of 273,034. The company has a market capitalization of $3.83 billion, a price-to-earnings ratio of 19.79 and a beta of 1.07. Belden Inc. has a 52-week low of $80.90 and a 52-week high of $131.82. The firm has a 50-day moving average of $104.69 and a 200-day moving average of $113.68. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.37 and a current ratio of 1.92.

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

Belden Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 10th. Stockholders of record on Thursday, March 13th were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.21%. The ex-dividend date of this dividend was Thursday, March 13th. Belden's dividend payout ratio (DPR) is currently 4.16%.

Analyst Ratings Changes

Several research firms have weighed in on BDC. Benchmark reissued a "buy" rating and issued a $130.00 price objective on shares of Belden in a research report on Monday, February 10th. The Goldman Sachs Group cut their price target on shares of Belden from $139.00 to $120.00 and set a "buy" rating on the stock in a report on Thursday. Loop Capital decreased their price objective on shares of Belden from $155.00 to $145.00 and set a "buy" rating for the company in a report on Tuesday, February 11th. Finally, StockNews.com lowered Belden from a "strong-buy" rating to a "buy" rating in a research note on Friday, April 4th. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat, Belden presently has a consensus rating of "Buy" and a consensus price target of $128.20.

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.