Janus Henderson Group PLC Grows Stake in Belden Inc. (NYSE:BDC)

Janus Henderson Group PLC lifted its holdings in shares of Belden Inc. (NYSE:BDC - Free Report) by 34.1% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 34,635 shares of the industrial products company's stock after buying an additional 8,805 shares during the period. Janus Henderson Group PLC owned about 0.09% of Belden worth $4,055,000 as of its most recent filing with the SEC.

Several other large investors have also bought and sold shares of BDC. Matrix Trust Co bought a new position in shares of Belden in the third quarter worth about $25,000. GAMMA Investing LLC lifted its stake in Belden by 72.2% in the 3rd quarter. GAMMA Investing LLC now owns 279 shares of the industrial products company's stock valued at $33,000 after purchasing an additional 117 shares during the last quarter. Prospera Private Wealth LLC acquired a new stake in Belden in the third quarter valued at approximately $33,000. First Horizon Advisors Inc. boosted its position in Belden by 97.7% in the third quarter. First Horizon Advisors Inc. now owns 423 shares of the industrial products company's stock valued at $50,000 after buying an additional 209 shares in the last quarter. Finally, Innealta Capital LLC bought a new stake in shares of Belden during the second quarter worth $95,000. 98.75% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CAO Doug Zink sold 3,000 shares of the business's stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $128.82, for a total transaction of $386,460.00. Following the completion of the transaction, the chief accounting officer now owns 6,643 shares of the company's stock, valued at approximately $855,751.26. The trade was a 31.11 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.59% of the stock is owned by insiders.

Belden Stock Up 2.7 %

NYSE:BDC traded up $3.20 during trading hours on Wednesday, hitting $123.07. 329,467 shares of the company traded hands, compared to its average volume of 267,103. Belden Inc. has a one year low of $71.19 and a one year high of $131.82. The company has a quick ratio of 1.43, a current ratio of 2.07 and a debt-to-equity ratio of 0.99. The company has a market cap of $4.96 billion, a PE ratio of 28.62 and a beta of 1.08. The firm's 50-day simple moving average is $120.42 and its 200-day simple moving average is $106.61.

Belden (NYSE:BDC - Get Free Report) last announced its quarterly earnings data on Thursday, October 31st. The industrial products company reported $1.70 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.61 by $0.09. Belden had a return on equity of 20.55% and a net margin of 7.61%. The firm had revenue of $654.90 million during the quarter, compared to the consensus estimate of $643.63 million. During the same quarter in the prior year, the company earned $1.78 EPS. The business's revenue for the quarter was up 4.5% on a year-over-year basis. Equities analysts predict that Belden Inc. will post 6.12 earnings per share for the current year.

Belden Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Thursday, December 12th will be given a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.16%. The ex-dividend date of this dividend is Thursday, December 12th. Belden's dividend payout ratio (DPR) is currently 4.65%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on BDC shares. Benchmark boosted their price target on Belden from $120.00 to $130.00 and gave the stock a "buy" rating in a report on Friday, November 1st. Truist Financial lifted their target price on shares of Belden from $124.00 to $136.00 and gave the stock a "buy" rating in a research report on Friday, November 1st. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of $122.75.

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.