Belden Inc. (NYSE:BDC) Shares Acquired by Public Employees Retirement Association of Colorado

Public Employees Retirement Association of Colorado increased its stake in shares of Belden Inc. (NYSE:BDC - Free Report) by 60.7% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 167,430 shares of the industrial products company's stock after buying an additional 63,216 shares during the period. Public Employees Retirement Association of Colorado owned about 0.41% of Belden worth $15,705,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in BDC. Allspring Global Investments Holdings LLC grew its holdings in shares of Belden by 2.2% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,383,742 shares of the industrial products company's stock worth $128,148,000 after acquiring an additional 30,268 shares during the period. Wellington Management Group LLP grew its holdings in Belden by 17.9% in the fourth quarter. Wellington Management Group LLP now owns 985,282 shares of the industrial products company's stock valued at $76,113,000 after purchasing an additional 149,263 shares during the last quarter. Hotchkis & Wiley Capital Management LLC increased its position in shares of Belden by 13.5% in the fourth quarter. Hotchkis & Wiley Capital Management LLC now owns 611,585 shares of the industrial products company's stock valued at $47,245,000 after buying an additional 72,775 shares in the last quarter. Southernsun Asset Management LLC raised its stake in shares of Belden by 15.3% during the 4th quarter. Southernsun Asset Management LLC now owns 534,618 shares of the industrial products company's stock worth $41,299,000 after buying an additional 71,118 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of Belden during the 4th quarter worth $35,403,000. 98.75% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Belden news, EVP Brian Lieser sold 819 shares of Belden stock in a transaction on Wednesday, July 10th. The shares were sold at an average price of $91.26, for a total value of $74,741.94. Following the transaction, the executive vice president now owns 21,031 shares in the company, valued at approximately $1,919,289.06. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Belden news, EVP Brian Lieser sold 819 shares of the company's stock in a transaction dated Wednesday, July 10th. The stock was sold at an average price of $91.26, for a total transaction of $74,741.94. Following the completion of the sale, the executive vice president now directly owns 21,031 shares in the company, valued at $1,919,289.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Nancy E. Calderon sold 2,500 shares of Belden stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $95.98, for a total value of $239,950.00. Following the completion of the transaction, the director now directly owns 6,954 shares in the company, valued at $667,444.92. The disclosure for this sale can be found here. Over the last quarter, insiders sold 11,137 shares of company stock valued at $1,095,457. Insiders own 1.59% of the company's stock.

Belden Trading Up 2.1 %

NYSE BDC traded up $2.30 during mid-day trading on Friday, reaching $112.43. 779,796 shares of the stock were exchanged, compared to its average volume of 272,883. The stock has a market capitalization of $4.57 billion, a PE ratio of 22.00 and a beta of 1.07. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.25 and a current ratio of 1.70. Belden Inc. has a 1-year low of $60.54 and a 1-year high of $112.87. The business's fifty day simple moving average is $99.95 and its 200 day simple moving average is $94.05.

Belden (NYSE:BDC - Get Free Report) last posted its quarterly earnings data on Thursday, August 1st. The industrial products company reported $1.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.37 by $0.14. The business had revenue of $604.34 million for the quarter, compared to analysts' expectations of $574.32 million. Belden had a return on equity of 21.13% and a net margin of 8.51%. The business's revenue was down 12.7% on a year-over-year basis. During the same quarter last year, the firm earned $1.91 earnings per share. On average, research analysts anticipate that Belden Inc. will post 6.04 earnings per share for the current fiscal year.

Belden Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 8th. Investors of record on Thursday, September 12th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Thursday, September 12th. This represents a $0.20 dividend on an annualized basis and a yield of 0.18%. Belden's payout ratio is 3.91%.

Analyst Upgrades and Downgrades

BDC has been the subject of several recent research reports. Benchmark raised their target price on shares of Belden from $115.00 to $120.00 and gave the company a "buy" rating in a report on Wednesday. StockNews.com raised shares of Belden from a "hold" rating to a "buy" rating in a research note on Monday, June 17th. Truist Financial upped their target price on Belden from $123.00 to $124.00 and gave the company a "buy" rating in a research note on Friday, August 2nd. Finally, Vertical Research initiated coverage on Belden in a research report on Tuesday, July 23rd. They set a "buy" rating and a $110.00 price target for the company. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, Belden currently has a consensus rating of "Moderate Buy" and an average price target of $112.50.

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.