Schechter Investment Advisors LLC Decreases Stake in Belden Inc. (NYSE:BDC)

Schechter Investment Advisors LLC lessened its stake in shares of Belden Inc. (NYSE:BDC) by 2.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 19,459 shares of the industrial products company’s stock after selling 442 shares during the period. Schechter Investment Advisors LLC’s holdings in Belden were worth $2,191,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. US Bancorp DE raised its stake in Belden by 7.4% in the 3rd quarter. US Bancorp DE now owns 2,794 shares of the industrial products company’s stock worth $327,000 after acquiring an additional 193 shares during the last quarter. Harbor Capital Advisors Inc. raised its stake in shares of Belden by 126.0% in the third quarter. Harbor Capital Advisors Inc. now owns 33,505 shares of the industrial products company’s stock worth $3,924,000 after purchasing an additional 18,678 shares during the last quarter. Foster & Motley Inc. lifted its holdings in shares of Belden by 25.3% during the third quarter. Foster & Motley Inc. now owns 38,675 shares of the industrial products company’s stock worth $4,530,000 after purchasing an additional 7,819 shares during the period. Verdence Capital Advisors LLC boosted its position in Belden by 4.5% in the third quarter. Verdence Capital Advisors LLC now owns 3,465 shares of the industrial products company’s stock valued at $406,000 after buying an additional 148 shares during the last quarter. Finally, Atria Investments Inc increased its holdings in Belden by 9.5% in the 3rd quarter. Atria Investments Inc now owns 6,340 shares of the industrial products company’s stock worth $743,000 after buying an additional 552 shares during the period. Institutional investors and hedge funds own 98.75% of the company’s stock.

Belden Stock Performance

BDC opened at $110.11 on Monday. The firm has a fifty day moving average price of $114.79 and a 200 day moving average price of $114.99. Belden Inc. has a 1 year low of $80.90 and a 1 year high of $131.82. The stock has a market cap of $4.43 billion, a P/E ratio of 22.89 and a beta of 1.08. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.92 and a quick ratio of 1.37.

Belden (NYSE:BDC) last issued its quarterly earnings data on Thursday, February 6th. The industrial products company reported $1.92 earnings per share for the quarter, topping analysts’ consensus estimates of $1.68 by $0.24. Belden had a net margin of 8.06% and a return on equity of 21.42%. Equities research analysts anticipate that Belden Inc. will post 7.07 earnings per share for the current year.

Belden Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Thursday, March 13th will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.18%. The ex-dividend date is Thursday, March 13th. Belden’s payout ratio is 4.16%.

Analyst Upgrades and Downgrades

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

Insider Transactions at Belden

In other Belden news, Director Jonathan C. Klein sold 2,129 shares of the stock in a transaction that occurred 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 owns 9,968 shares of the company’s stock, valued at $1,096,480. This represents a 17.60 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Ashish Chand sold 14,535 shares of Belden stock in a transaction that occurred on Monday, February 24th. The stock was 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 directly owns 107,129 shares in the company, valued at $11,939,527.05. This represents a 11.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 19,228 shares of company stock valued at $2,147,892 over the last 90 days. Corporate insiders own 1.59% of the company’s stock.

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.