Insider Selling: Belden Inc. (NYSE:BDC) SVP Sells 2,400 Shares of Stock

Belden Inc. (NYSE:BDC) SVP Leah Tate sold 2,400 shares of the business’s stock in a transaction that occurred on 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 approximately $2,667,599.11. This represents a 9.36 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Belden Stock Performance

Shares of BDC stock opened at $112.65 on Thursday. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.92 and a quick ratio of 1.43. The company’s fifty day moving average price is $116.63 and its two-hundred day moving average price is $113.44. The firm has a market capitalization of $4.54 billion, a P/E ratio of 23.42 and a beta of 1.08. Belden Inc. has a 12 month low of $78.64 and a 12 month high of $131.82.

Belden (NYSE:BDC) last released its quarterly earnings results on Thursday, February 6th. The industrial products company reported $1.92 EPS for the quarter, topping the consensus estimate of $1.68 by $0.24. Belden had a return on equity of 21.42% and a net margin of 8.06%. On average, research analysts anticipate that Belden Inc. will post 7.76 earnings per share for the current fiscal year.

Belden Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, December 12th were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.18%. The ex-dividend date was Thursday, December 12th. Belden’s payout ratio is currently 4.16%.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Benchmark reaffirmed a “buy” rating and set a $130.00 price target on shares of Belden in a research report on Monday. 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. Truist Financial increased their target price on Belden from $124.00 to $136.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Finally, StockNews.com raised Belden from a “buy” rating to a “strong-buy” rating in a research report on Monday. Four investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $130.25.

Institutional Trading of Belden

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. GAMMA Investing LLC boosted its stake in Belden by 72.2% during the 3rd quarter. GAMMA Investing LLC now owns 279 shares of the industrial products company’s stock valued at $33,000 after acquiring an additional 117 shares during the last quarter. Prospera Private Wealth LLC acquired a new stake in shares of Belden in the 3rd quarter valued at about $33,000. First Horizon Advisors Inc. lifted its position in shares of Belden by 97.7% during 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 last quarter. Parkside Financial Bank & Trust lifted its position 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 worth $94,000 after purchasing an additional 199 shares during the last quarter. Finally, Principal Securities Inc. grew its stake in Belden by 9.6% in the fourth quarter. Principal Securities Inc. now owns 1,202 shares of the industrial products company’s stock worth $135,000 after purchasing an additional 105 shares in the last quarter. Institutional investors own 98.75% of the company’s stock.

About Belden

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.