Belden Inc. (NYSE:BDC) Stock Holdings Lessened by Kesler Norman & Wride LLC

Kesler Norman & Wride LLC reduced its holdings in shares of Belden Inc. (NYSE:BDC - Free Report) by 33.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,857 shares of the industrial products company's stock after selling 3,453 shares during the period. Kesler Norman & Wride LLC's holdings in Belden were worth $773,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the business. Principal Securities Inc. boosted its position in shares of Belden by 9.6% in the 4th quarter. Principal Securities Inc. now owns 1,202 shares of the industrial products company's stock valued at $135,000 after purchasing an additional 105 shares during the period. Ashton Thomas Private Wealth LLC increased its position in Belden by 5.4% during the 4th quarter. Ashton Thomas Private Wealth LLC now owns 2,277 shares of the industrial products company's stock worth $257,000 after purchasing an additional 116 shares during the period. Arizona State Retirement System lifted its holdings in shares of Belden by 1.1% in the 4th quarter. Arizona State Retirement System now owns 11,843 shares of the industrial products company's stock valued at $1,334,000 after buying an additional 129 shares during the period. Parkside Financial Bank & Trust boosted its stake in shares of Belden by 31.3% in the fourth quarter. Parkside Financial Bank & Trust now owns 835 shares of the industrial products company's stock valued at $94,000 after buying an additional 199 shares in the last quarter. Finally, First Horizon Advisors Inc. grew its holdings in Belden by 49.9% during the fourth quarter. First Horizon Advisors Inc. now owns 634 shares of the industrial products company's stock worth $71,000 after acquiring an additional 211 shares during the period. 98.75% of the stock is currently owned by institutional investors and hedge funds.

Remove Ads

Belden Stock Down 1.6 %

Shares of BDC stock traded down $1.41 on Monday, hitting $87.62. The stock had a trading volume of 171,658 shares, compared to its average volume of 269,777. Belden Inc. has a 52-week low of $80.90 and a 52-week high of $131.82. The firm has a market capitalization of $3.53 billion, a price-to-earnings ratio of 18.05 and a beta of 1.07. 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 stock's 50 day moving average is $107.97 and its 200-day moving average is $114.76.

Belden (NYSE:BDC - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The industrial products company reported $1.92 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%. As a group, research analysts expect that Belden Inc. will post 7.07 earnings per share for the current year.

Belden Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Thursday, March 13th will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.23%. The ex-dividend date of this dividend is Thursday, March 13th. Belden's dividend payout ratio (DPR) is presently 4.16%.

Wall Street Analyst Weigh In

Several brokerages recently commented on BDC. StockNews.com cut shares of Belden from a "strong-buy" rating to a "buy" rating in a research note on Friday. Benchmark restated a "buy" rating and set a $130.00 target price on shares of Belden in a research report on Monday, February 10th. Finally, Loop Capital lowered their target price on shares of Belden from $155.00 to $145.00 and set a "buy" rating for the company in a research note on Tuesday, February 11th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Belden has a consensus rating of "Buy" and a consensus price target of $130.25.

Insider Buying and Selling at Belden

In other news, CEO Ashish Chand sold 14,535 shares of Belden stock in a transaction that occurred 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 sale, the chief executive officer now 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 SEC, which is accessible through the SEC website. Also, Director Gregory James Mccray sold 4,200 shares of Belden 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 approximately $441,776.79. This represents a 50.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 23,428 shares of company stock worth $2,589,774 over the last 90 days. Insiders own 1.59% of the company's stock.

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.