Wellington Management Group LLP Lowers Stock Holdings in Belden Inc. (NYSE:BDC)

Wellington Management Group LLP cut its stake in shares of Belden Inc. (NYSE:BDC) by 16.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,777,902 shares of the industrial products company’s stock after selling 354,984 shares during the quarter. Wellington Management Group LLP owned approximately 4.42% of Belden worth $200,210,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Norges Bank purchased a new position in Belden during the 4th quarter valued at about $54,167,000. JPMorgan Chase & Co. increased its holdings in Belden by 61.2% during the fourth quarter. JPMorgan Chase & Co. now owns 294,925 shares of the industrial products company’s stock valued at $33,212,000 after buying an additional 111,952 shares during the period. State Street Corp raised its stake in Belden by 6.8% in the third quarter. State Street Corp now owns 1,574,784 shares of the industrial products company’s stock worth $184,532,000 after buying an additional 100,145 shares in the last quarter. Great Lakes Advisors LLC lifted its holdings in Belden by 169.6% during the fourth quarter. Great Lakes Advisors LLC now owns 146,317 shares of the industrial products company’s stock worth $16,477,000 after buying an additional 92,037 shares during the period. Finally, Boston Partners boosted its position in Belden by 43.1% during the 4th quarter. Boston Partners now owns 230,170 shares of the industrial products company’s stock valued at $26,387,000 after acquiring an additional 69,365 shares in the last quarter. Institutional investors own 98.75% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on BDC. Benchmark reissued a “buy” rating and issued a $130.00 price target on shares of Belden in a research report on Monday, February 10th. Loop Capital decreased their price target on shares of 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 equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Buy” and an average price target of $130.25.

Insider Activity at Belden

In related news, SVP Leah Tate sold 2,400 shares of the company’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 value of $275,448.00. Following the sale, the senior vice president now owns 23,243 shares in the company, valued at $2,667,599.11. This represents a 9.36 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Ashish Chand sold 14,535 shares of the firm’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $111.45, for a total transaction of $1,619,925.75. Following the transaction, the chief executive officer now directly owns 107,129 shares of the company’s stock, 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 have sold a total of 23,428 shares of company stock valued at $2,589,774 in the last ninety days. Company insiders own 1.59% of the company’s stock.

Belden Trading Up 3.4 %

Shares of NYSE:BDC opened at $104.55 on Thursday. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.92 and a quick ratio of 1.37. The firm has a market capitalization of $4.21 billion, a P/E ratio of 21.74 and a beta of 1.02. The business’s 50-day moving average is $109.17 and its 200 day moving average is $114.90. Belden Inc. has a 1 year low of $80.90 and a 1 year high of $131.82.

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

Belden Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Thursday, March 13th will be issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.19%. The ex-dividend date of this dividend is Thursday, March 13th. Belden’s dividend payout ratio (DPR) is presently 4.16%.

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.