WINTON GROUP Ltd Reduces Stock Holdings in Belden Inc. (NYSE:BDC)

WINTON GROUP Ltd cut its stake in shares of Belden Inc. (NYSE:BDC - Free Report) by 35.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 32,957 shares of the industrial products company's stock after selling 17,733 shares during the period. WINTON GROUP Ltd owned 0.08% of Belden worth $3,711,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the stock. Prudential Financial Inc. raised its stake in shares of Belden by 34.7% in the fourth quarter. Prudential Financial Inc. now owns 128,763 shares of the industrial products company's stock valued at $14,500,000 after acquiring an additional 33,137 shares during the period. LPL Financial LLC raised its position in Belden by 27.3% in the 4th quarter. LPL Financial LLC now owns 4,806 shares of the industrial products company's stock worth $541,000 after purchasing an additional 1,032 shares during the period. Fox Run Management L.L.C. bought a new stake in Belden in the fourth quarter worth about $640,000. KLP Kapitalforvaltning AS purchased a new position in shares of Belden during the fourth quarter valued at approximately $969,000. Finally, AXQ Capital LP bought a new position in shares of Belden during the fourth quarter valued at approximately $209,000. 98.75% of the stock is owned by institutional investors.

Insider Activity

In related news, SVP Leah Tate sold 2,400 shares of the firm's stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $114.77, for a total transaction of $275,448.00. Following the sale, the senior vice president now owns 23,243 shares of the company's stock, valued at $2,667,599.11. This trade represents a 9.36 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Ashish Chand sold 14,535 shares of Belden stock in a transaction dated 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 transaction, the chief executive officer now owns 107,129 shares in the company, valued at $11,939,527.05. This trade represents a 11.95 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 23,428 shares of company stock worth $2,589,774. 1.59% of the stock is currently owned by corporate insiders.

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Belden Trading Up 1.0 %

NYSE:BDC traded up $1.00 during midday trading on Tuesday, hitting $101.25. The stock had a trading volume of 297,290 shares, compared to its average volume of 269,254. The stock has a 50-day moving average of $109.52 and a 200 day moving average of $114.97. The company has a market capitalization of $4.08 billion, a price-to-earnings ratio of 21.05 and a beta of 1.02. Belden Inc. has a one year low of $80.90 and a one year high of $131.82. The company has a quick ratio of 1.37, a current ratio of 1.92 and a debt-to-equity ratio of 0.87.

Belden (NYSE:BDC - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The industrial products company reported $1.92 earnings per share (EPS) for the quarter, topping 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, sell-side analysts forecast that Belden Inc. will post 7.07 EPS for the current year.

Belden Dividend Announcement

The firm also recently declared 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. The ex-dividend date is Thursday, March 13th. This represents a $0.20 annualized dividend and a dividend yield of 0.20%. Belden's dividend payout ratio is currently 4.16%.

Analyst Ratings Changes

BDC has been the subject of a number of research analyst reports. Benchmark reissued a "buy" rating and set a $130.00 price target on shares of Belden in a research note on Monday, February 10th. Loop Capital decreased their target price on Belden from $155.00 to $145.00 and set a "buy" rating for the company in a research report on Tuesday, February 11th. Finally, StockNews.com upgraded shares of Belden from a "buy" rating to a "strong-buy" rating 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 stock. According to data from MarketBeat, Belden presently has an average rating of "Buy" and an average price target of $130.25.

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.