Segall Bryant & Hamill LLC Sells 34,883 Shares of Belden Inc. (NYSE:BDC)

Segall Bryant & Hamill LLC trimmed its stake in Belden Inc. (NYSE:BDC) by 7.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 441,469 shares of the industrial products company’s stock after selling 34,883 shares during the period. Belden makes up approximately 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 SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Advisors Asset Management Inc. increased its holdings 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 buying an additional 1,145 shares during the last quarter. First Horizon Advisors Inc. grew 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 acquiring an additional 209 shares in the last quarter. Intech Investment Management LLC increased its stake in Belden by 30.8% in the third quarter. Intech Investment Management LLC now owns 15,595 shares of the industrial products company’s stock valued at $1,827,000 after acquiring an additional 3,669 shares during the last quarter. Citigroup Inc. increased its stake in Belden by 157.5% in the third quarter. Citigroup Inc. now owns 32,453 shares of the industrial products company’s stock valued at $3,801,000 after acquiring an additional 19,849 shares during the last quarter. Finally, Cerity Partners LLC raised its position in Belden by 32.4% during the third quarter. Cerity Partners LLC now owns 12,759 shares of the industrial products company’s stock valued at $1,494,000 after purchasing an additional 3,120 shares in the last quarter. 98.75% of the stock is currently owned by institutional investors.

Belden Trading Up 3.6 %

Shares of BDC stock opened at $105.42 on Tuesday. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.92 and a quick ratio of 1.37. The business has a 50-day moving average of $111.30 and a 200 day moving average of $114.85. The stock has a market capitalization of $4.25 billion, a PE ratio of 21.92 and a beta of 1.02. Belden Inc. has a 1-year low of $80.90 and a 1-year high of $131.82.

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

Belden Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Thursday, March 13th will be paid a $0.05 dividend. The ex-dividend date is Thursday, March 13th. This represents a $0.20 annualized dividend and a dividend yield of 0.19%. Belden’s payout ratio is presently 4.16%.

Insider Activity at Belden

In related news, Director Gregory James Mccray sold 4,200 shares of the stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $105.21, for a total value of $441,882.00. Following the completion of the transaction, the director now directly owns 4,199 shares of the company’s stock, valued at $441,776.79. This represents a 50.01 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Leah Tate sold 2,400 shares of Belden stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $114.77, for a total value of $275,448.00. Following the sale, the senior vice president now directly owns 23,243 shares in the company, valued at approximately $2,667,599.11. The trade was a 9.36 % 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 90 days. Company insiders own 1.59% of the company’s stock.

Analyst Ratings Changes

BDC has been the topic of several recent research reports. StockNews.com upgraded Belden from a “buy” rating to a “strong-buy” rating in a research report on Monday, February 10th. Benchmark reaffirmed a “buy” rating and issued a $130.00 target price on shares of Belden in a research note on Monday, February 10th. Finally, Loop Capital decreased their price target on shares of Belden from $155.00 to $145.00 and set a “buy” rating on the stock in a research note on Tuesday, February 11th. Four research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Belden has a consensus rating of “Buy” and a consensus target price of $130.25.

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.