May Hill Capital LLC Invests $439,000 in Belden Inc. (NYSE:BDC)

May Hill Capital LLC purchased a new stake in Belden Inc. (NYSE:BDC - Free Report) in the fourth quarter, according to its most recent filing with the SEC. The fund purchased 3,900 shares of the industrial products company's stock, valued at approximately $439,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. First Horizon Advisors Inc. boosted its stake in Belden by 49.9% during the 4th quarter. First Horizon Advisors Inc. now owns 634 shares of the industrial products company's stock valued at $71,000 after purchasing an additional 211 shares during the period. Parkside Financial Bank & Trust increased its holdings in shares of Belden by 31.3% during the fourth quarter. Parkside Financial Bank & Trust now owns 835 shares of the industrial products company's stock valued at $94,000 after purchasing an additional 199 shares during the period. Principal Securities Inc. raised its stake in shares of Belden by 9.6% during the fourth 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 in the last quarter. TD Private Client Wealth LLC lifted its holdings in Belden by 72.3% in the third quarter. TD Private Client Wealth LLC now owns 1,427 shares of the industrial products company's stock worth $167,000 after purchasing an additional 599 shares during the period. Finally, Matrix Trust Co lifted its stake in shares of Belden by 624.8% in the 4th quarter. Matrix Trust Co now owns 1,522 shares of the industrial products company's stock worth $171,000 after acquiring an additional 1,312 shares during the period. Institutional investors and hedge funds own 98.75% of the company's stock.

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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 shares were sold at an average price of $111.45, for a total transaction of $1,619,925.75. Following the completion of the sale, the chief executive officer now directly owns 107,129 shares of the company's stock, valued at approximately $11,939,527.05. This represents a 11.95 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Gregory James Mccray sold 4,200 shares of Belden stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $105.21, for a total value of $441,882.00. Following the completion of the transaction, the director now directly 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 in the last three months. 1.59% of the stock is owned by insiders.

Belden Stock Down 4.3 %

NYSE:BDC traded down $4.01 on Friday, hitting $88.99. 503,960 shares of the company's stock traded hands, compared to its average volume of 270,112. The company has a market cap of $3.58 billion, a PE ratio of 18.50 and a beta of 1.07. Belden Inc. has a 1 year low of $80.90 and a 1 year high of $131.82. The company has a current ratio of 1.92, a quick ratio of 1.37 and a debt-to-equity ratio of 0.87. The firm has a 50-day moving average price of $107.97 and a 200-day moving average price of $114.70.

Belden (NYSE:BDC - Get Free Report) last announced its quarterly earnings data 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 net margin of 8.06% and a return on equity of 21.42%. Equities analysts anticipate that Belden Inc. will post 7.07 EPS for the current fiscal year.

Belden Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Thursday, March 13th will be paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.22%. The ex-dividend date of this dividend is Thursday, March 13th. Belden's dividend payout ratio (DPR) is presently 4.16%.

Analyst Upgrades and Downgrades

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

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.