Geode Capital Management LLC Has $107.14 Million Holdings in Belden Inc. (NYSE:BDC)

Geode Capital Management LLC lowered its holdings in Belden Inc. (NYSE:BDC - Free Report) by 1.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 951,214 shares of the industrial products company's stock after selling 9,760 shares during the period. Geode Capital Management LLC owned about 2.36% of Belden worth $107,141,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Captrust Financial Advisors increased its holdings in shares of Belden by 38.2% in the 3rd quarter. Captrust Financial Advisors now owns 5,411 shares of the industrial products company's stock worth $634,000 after acquiring an additional 1,497 shares during the period. HighTower Advisors LLC increased its stake in shares of Belden by 13.1% in the third quarter. HighTower Advisors LLC now owns 3,428 shares of the industrial products company's stock valued at $402,000 after purchasing an additional 397 shares during the period. Janus Henderson Group PLC raised its holdings in shares of Belden by 34.1% during the third quarter. Janus Henderson Group PLC now owns 34,635 shares of the industrial products company's stock valued at $4,055,000 after buying an additional 8,805 shares during the last quarter. State Street Corp boosted its position in shares of 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 during the period. Finally, Wolverine Trading LLC grew its holdings in Belden by 135.2% in the 3rd quarter. Wolverine Trading LLC now owns 1,794 shares of the industrial products company's stock worth $208,000 after buying an additional 6,894 shares in the last quarter. 98.75% of the stock is currently owned by institutional investors and hedge funds.

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Belden Price Performance

NYSE BDC traded down $0.13 on Tuesday, reaching $94.69. The company's stock had a trading volume of 29,684 shares, compared to its average volume of 273,016. Belden Inc. has a twelve month low of $80.90 and a twelve month high of $131.82. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.37 and a current ratio of 1.92. The firm's 50 day moving average is $104.26 and its two-hundred day moving average is $113.53. The stock has a market cap of $3.76 billion, a PE ratio of 19.69 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 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, sell-side analysts predict that Belden Inc. will post 7.07 EPS for the current year.

Belden Dividend Announcement

The business also recently announced 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 dividend on an annualized basis and a dividend yield of 0.21%. The ex-dividend date was Thursday, March 13th. Belden's dividend payout ratio (DPR) is presently 4.16%.

Wall Street Analyst Weigh In

BDC has been the subject of a number of analyst reports. The Goldman Sachs Group reduced their price target on Belden from $139.00 to $120.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. Benchmark reiterated a "buy" rating and issued a $130.00 target price on shares of Belden in a research report on Monday, February 10th. StockNews.com downgraded shares of Belden from a "strong-buy" rating to a "buy" rating in a research report on Tuesday. Finally, 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. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of $128.20.

Insider Activity

In related news, CEO Ashish Chand sold 14,535 shares of the company's stock in a transaction on Monday, February 24th. The stock was sold at an average price of $111.45, for a total transaction of $1,619,925.75. Following the transaction, the chief executive officer now directly owns 107,129 shares of the company's stock, valued at approximately $11,939,527.05. The trade was a 11.95 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Leah Tate sold 2,400 shares of Belden 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 sale, the senior vice president now directly owns 23,243 shares of the company's stock, 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. Insiders sold a total of 23,428 shares of company stock valued at $2,589,774 over the last three months. Insiders own 1.59% of the company's stock.

About Belden

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.