Insider Selling: Belden Inc. (NYSE:BDC) Director Sells $234,190.00 in Stock

Belden Inc. (NYSE:BDC) Director Jonathan C. Klein sold 2,129 shares of the company’s stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $110.00, for a total transaction of $234,190.00. Following the completion of the transaction, the director now directly owns 9,968 shares in the company, valued at approximately $1,096,480. The trade was a 17.60 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Belden Trading Up 2.8 %

NYSE BDC opened at $110.11 on Friday. The company has a quick ratio of 1.37, a current ratio of 1.92 and a debt-to-equity ratio of 0.87. The stock’s 50-day simple moving average is $114.79 and its two-hundred day simple moving average is $114.88. Belden Inc. has a twelve month low of $80.90 and a twelve month high of $131.82. The company has a market capitalization of $4.43 billion, a price-to-earnings ratio of 22.89 and a beta of 1.08.

Belden (NYSE:BDC) last announced its quarterly earnings data on Thursday, February 6th. The industrial products company reported $1.92 earnings per share for the quarter, beating 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%. Research analysts forecast that Belden Inc. will post 7.07 EPS for the current fiscal year.

Belden Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Thursday, March 13th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.18%. Belden’s dividend payout ratio (DPR) is 4.16%.

Analyst Ratings Changes

Several research firms recently commented on BDC. StockNews.com upgraded Belden from a “buy” rating to a “strong-buy” rating in a research report on Monday, February 10th. Loop Capital cut their price objective on Belden from $155.00 to $145.00 and set a “buy” rating for the company in a report on Tuesday, February 11th. Finally, Benchmark reaffirmed a “buy” rating and issued a $130.00 target price on shares of Belden in a research note on Monday, February 10th. Four equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $130.25.

Hedge Funds Weigh In On Belden

Large investors have recently added to or reduced their stakes in the business. Aster Capital Management DIFC Ltd bought a new position in shares of Belden during the fourth quarter valued at about $26,000. Prospera Private Wealth LLC purchased a new stake in Belden during the 3rd quarter valued at about $33,000. Quarry LP grew its position in Belden by 208.7% during the 4th quarter. Quarry LP now owns 392 shares of the industrial products company’s stock worth $44,000 after acquiring an additional 265 shares during the last quarter. First Horizon Advisors Inc. increased its stake in Belden by 97.7% in the 3rd 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. Finally, Public Employees Retirement System of Ohio bought a new stake in Belden in the fourth quarter valued at approximately $61,000. Hedge funds and other 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.