22,440 Shares in Belden Inc. (NYSE:BDC) Acquired by Duality Advisers LP

Duality Advisers LP bought a new position in shares of Belden Inc. (NYSE:BDC) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 22,440 shares of the industrial products company’s stock, valued at approximately $1,733,000.

Other large investors have also recently modified their holdings of the company. Ronald Blue Trust Inc. raised its holdings in shares of Belden by 326.0% during the 3rd quarter. Ronald Blue Trust Inc. now owns 818 shares of the industrial products company’s stock worth $78,000 after buying an additional 626 shares in the last quarter. Blue Trust Inc. boosted its stake in shares of Belden by 31.9% in the 4th quarter. Blue Trust Inc. now owns 1,079 shares of the industrial products company’s stock valued at $83,000 after purchasing an additional 261 shares in the last quarter. Parkside Financial Bank & Trust grew its holdings in shares of Belden by 15.1% during the 3rd quarter. Parkside Financial Bank & Trust now owns 1,589 shares of the industrial products company’s stock valued at $153,000 after purchasing an additional 209 shares during the last quarter. C M Bidwell & Associates Ltd. increased its position in Belden by 181.2% during the 3rd quarter. C M Bidwell & Associates Ltd. now owns 2,188 shares of the industrial products company’s stock worth $211,000 after purchasing an additional 1,410 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. bought a new position in Belden in the 3rd quarter valued at approximately $213,000. Institutional investors and hedge funds own 98.75% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on BDC shares. Truist Financial boosted their target price on shares of Belden from $89.00 to $98.00 and gave the stock a “buy” rating in a research note on Friday, February 9th. StockNews.com lowered Belden from a “buy” rating to a “hold” rating in a research report on Monday. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $102.25.

Belden Price Performance

BDC stock opened at $83.33 on Tuesday. The company has a market capitalization of $3.39 billion, a P/E ratio of 14.72 and a beta of 1.04. The company has a fifty day moving average price of $86.89 and a 200-day moving average price of $78.38. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.72 and a current ratio of 2.30. Belden Inc. has a 52-week low of $60.54 and a 52-week high of $99.13.

Belden (NYSE:BDC) last announced its earnings results on Thursday, February 8th. The industrial products company reported $1.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.34. The business had revenue of $551.24 million during the quarter, compared to analyst estimates of $522.06 million. Belden had a return on equity of 25.11% and a net margin of 9.66%. Belden’s revenue for the quarter was down 16.4% compared to the same quarter last year. During the same period last year, the company earned $1.75 EPS. As a group, equities analysts expect that Belden Inc. will post 5.33 EPS for the current year.

Belden Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 9th. Shareholders of record on Thursday, March 14th were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Wednesday, March 13th. This represents a $0.20 dividend on an annualized basis and a yield of 0.24%. Belden’s dividend payout ratio (DPR) is currently 3.53%.

Insiders Place Their Bets

In other news, EVP Brian Lieser sold 2,056 shares of the business’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $82.30, for a total value of $169,208.80. Following the transaction, the executive vice president now directly owns 21,772 shares of the company’s stock, valued at approximately $1,791,835.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.42% 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.