Segall Bryant & Hamill LLC Has $49.71 Million Stock Position in Belden Inc. (NYSE:BDC)

Segall Bryant & Hamill LLC lessened its stake in Belden Inc. (NYSE:BDC - Free Report) by 7.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 441,469 shares of the industrial products company's stock after selling 34,883 shares during the period. Belden comprises 0.7% of Segall Bryant & Hamill LLC's portfolio, making the stock its 22nd biggest holding. Segall Bryant & Hamill LLC owned approximately 1.09% of Belden worth $49,714,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in the company. Advisors Asset Management Inc. lifted its position in shares of Belden by 53.0% in the 3rd quarter. Advisors Asset Management Inc. now owns 3,307 shares of the industrial products company's stock worth $387,000 after acquiring an additional 1,145 shares during the period. First Horizon Advisors Inc. lifted 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 worth $50,000 after purchasing an additional 209 shares during the period. Intech Investment Management LLC boosted its stake in Belden by 30.8% during the third quarter. Intech Investment Management LLC now owns 15,595 shares of the industrial products company's stock worth $1,827,000 after buying an additional 3,669 shares in the last quarter. Citigroup Inc. boosted its stake in Belden by 157.5% during the third quarter. Citigroup Inc. now owns 32,453 shares of the industrial products company's stock worth $3,801,000 after buying an additional 19,849 shares in the last quarter. Finally, Cerity Partners LLC increased its holdings in Belden by 32.4% in the 3rd quarter. Cerity Partners LLC now owns 12,759 shares of the industrial products company's stock valued at $1,494,000 after buying an additional 3,120 shares during the period. 98.75% of the stock is owned by institutional investors and hedge funds.

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Insider Buying and Selling

In other Belden news, SVP Leah Tate sold 2,400 shares of the business's stock in a transaction on Friday, February 7th. The stock was sold at an average price of $114.77, for a total value of $275,448.00. Following the transaction, the senior vice president now 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Ashish Chand sold 14,535 shares of the firm's stock in a transaction on Monday, February 24th. The shares were sold at an average price of $111.45, for a total value of $1,619,925.75. Following the completion of the sale, the chief executive officer now owns 107,129 shares of the company's stock, valued at approximately $11,939,527.05. This trade represents a 11.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 23,428 shares of company stock worth $2,589,774 in the last three months. Insiders own 1.59% of the company's stock.

Analysts Set New Price Targets

BDC has been the subject of a number of analyst reports. StockNews.com raised shares of Belden from a "buy" rating to a "strong-buy" rating in a report on Monday, February 10th. Loop Capital dropped their price target on shares of Belden from $155.00 to $145.00 and set a "buy" rating for the company in a research report on Tuesday, February 11th. Finally, Benchmark reaffirmed a "buy" rating and set a $130.00 price objective on shares of Belden in a report on Monday, February 10th. Four analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of $130.25.

Belden Price Performance

Shares of NYSE BDC traded down $3.43 during midday trading on Friday, reaching $100.88. 327,705 shares of the company traded hands, compared to its average volume of 268,513. Belden Inc. has a 12 month low of $80.90 and a 12 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 stock's 50-day simple moving average is $110.24 and its 200-day simple moving average is $114.88. The firm has a market cap of $4.06 billion, a PE ratio of 20.97 and a beta of 1.02.

Belden (NYSE:BDC - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The industrial products company reported $1.92 earnings per share (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, equities analysts anticipate that Belden Inc. will post 7.07 earnings per share for the current fiscal year.

Belden Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Thursday, March 13th will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.20%. The ex-dividend date of this dividend is Thursday, March 13th. Belden's payout ratio is currently 4.16%.

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.