Natixis Advisors LLC Sells 1,387 Shares of Belden Inc. (NYSE:BDC)

Natixis Advisors LLC cut its holdings in shares of Belden Inc. (NYSE:BDC) by 3.5% during the fourth quarter, Holdings Channel.com reports. The firm owned 37,852 shares of the industrial products company’s stock after selling 1,387 shares during the period. Natixis Advisors LLC’s holdings in Belden were worth $4,263,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Prospera Private Wealth LLC bought a new stake in Belden during the 3rd quarter valued at $33,000. First Horizon Advisors Inc. lifted its stake in shares of Belden by 97.7% during the 3rd quarter. First Horizon Advisors Inc. now owns 423 shares of the industrial products company’s stock worth $50,000 after purchasing an additional 209 shares during the last quarter. Parkside Financial Bank & Trust boosted its position in Belden by 31.3% during the fourth quarter. Parkside Financial Bank & Trust now owns 835 shares of the industrial products company’s stock valued at $94,000 after purchasing an additional 199 shares in the last quarter. Principal Securities Inc. raised its holdings in Belden by 9.6% in the fourth quarter. Principal Securities Inc. now owns 1,202 shares of the industrial products company’s stock worth $135,000 after purchasing an additional 105 shares in the last quarter. Finally, KBC Group NV lifted its position in shares of Belden by 27.8% during the third quarter. KBC Group NV now owns 1,261 shares of the industrial products company’s stock valued at $148,000 after buying an additional 274 shares during the last quarter. 98.75% of the stock is owned by hedge funds and other institutional investors.

Belden Stock Down 0.8 %

NYSE:BDC opened at $101.91 on Friday. The company has a current ratio of 1.92, a quick ratio of 1.37 and a debt-to-equity ratio of 0.87. Belden Inc. has a twelve month low of $80.90 and a twelve month high of $131.82. The company has a market cap of $4.10 billion, a PE ratio of 21.19 and a beta of 1.02. The company’s 50 day moving average is $111.47 and its two-hundred day moving average is $114.65.

Belden (NYSE:BDC) last released its earnings results on Thursday, February 6th. The industrial products company reported $1.92 earnings per share (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%. Analysts anticipate that Belden Inc. will post 7.07 EPS for the current year.

Belden Dividend Announcement

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

Insider Buying and Selling

In related news, CEO Ashish Chand sold 14,535 shares of the business’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $111.45, for a total value of $1,619,925.75. Following the completion of the transaction, the chief executive officer now directly owns 107,129 shares in the company, valued at $11,939,527.05. The trade was a 11.95 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Leah Tate sold 2,400 shares of the firm’s stock in a transaction on Friday, February 7th. The shares were sold at an average price of $114.77, for a total transaction of $275,448.00. Following the sale, the senior vice president now owns 23,243 shares in the company, valued at approximately $2,667,599.11. This represents a 9.36 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 23,428 shares of company stock worth $2,589,774. 1.59% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

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

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.