Belden Inc. (NYSE:BDC) Director Jonathan C. Klein Sells 2,129 Shares

Belden Inc. (NYSE:BDC) Director Jonathan C. Klein sold 2,129 shares of the firm’s stock in a transaction that occurred on Tuesday, February 25th. The shares were 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 trade represents a 17.60 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Belden Stock Down 2.0 %

BDC opened at $107.06 on Friday. The business’s fifty day simple moving average is $114.86 and its 200 day simple moving average is $114.65. Belden Inc. has a 52 week low of $80.90 and a 52 week high of $131.82. 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 has a market cap of $4.31 billion, a PE ratio of 22.26 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 EPS for the quarter, beating 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%. As a group, research analysts expect that Belden Inc. will post 7.07 earnings per share for the current fiscal year.

Belden Announces Dividend

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 issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.19%. Belden’s payout ratio is 4.16%.

Institutional Investors Weigh In On Belden

A number of institutional investors have recently made changes to their positions in BDC. Aster Capital Management DIFC Ltd bought a new stake in Belden in the fourth quarter worth $26,000. Prospera Private Wealth LLC purchased a new position in shares of Belden in the third quarter worth about $33,000. Quarry LP lifted its stake in shares of Belden by 208.7% in the 4th quarter. Quarry LP now owns 392 shares of the industrial products company’s stock valued at $44,000 after acquiring an additional 265 shares during the last quarter. First Horizon Advisors Inc. lifted its stake in shares of Belden by 97.7% in the 3rd quarter. First Horizon Advisors Inc. now owns 423 shares of the industrial products company’s stock valued at $50,000 after acquiring an additional 209 shares during the last quarter. Finally, Public Employees Retirement System of Ohio purchased a new stake in Belden during the 4th quarter valued at about $61,000. Hedge funds and other institutional investors own 98.75% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on BDC. Loop Capital cut their price target on shares of Belden from $155.00 to $145.00 and set a “buy” rating for the company in a report on Tuesday, February 11th. Benchmark reissued a “buy” rating and set a $130.00 price objective on shares of Belden in a research note on Monday, February 10th. Truist Financial upped their target price on Belden from $124.00 to $136.00 and gave the stock 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 report on Monday, February 10th. Four investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $130.25.

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.