Atria Investments Inc Sells 1,452 Shares of Belden Inc. (NYSE:BDC)

Atria Investments Inc cut its holdings in shares of Belden Inc. (NYSE:BDC) by 22.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,888 shares of the industrial products company’s stock after selling 1,452 shares during the quarter. Atria Investments Inc’s holdings in Belden were worth $550,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of BDC. Prospera Private Wealth LLC bought a new stake in shares of Belden in the third quarter worth about $33,000. First Horizon Advisors Inc. increased its holdings in shares of 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 purchasing an additional 209 shares during the last quarter. Parkside Financial Bank & Trust increased its holdings in shares of Belden by 31.3% in the fourth quarter. Parkside Financial Bank & Trust now owns 835 shares of the industrial products company’s stock worth $94,000 after purchasing an additional 199 shares during the last quarter. Principal Securities Inc. increased its holdings in shares of 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 during the last quarter. Finally, KBC Group NV increased its holdings in shares of Belden by 27.8% in the third quarter. KBC Group NV now owns 1,261 shares of the industrial products company’s stock worth $148,000 after purchasing an additional 274 shares during the last quarter. 98.75% of the stock is owned by institutional investors.

Insider Transactions at Belden

In other news, SVP Leah Tate sold 2,400 shares of the business’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 directly owns 23,243 shares of the company’s stock, valued at $2,667,599.11. The trade was 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 through this hyperlink. Also, Director Jonathan C. Klein sold 2,129 shares of the company’s stock in a transaction 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 sale, the director now directly owns 9,968 shares in the company, valued at approximately $1,096,480. The trade was a 17.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 23,428 shares of company stock valued at $2,589,774. Corporate insiders own 1.59% of the company’s stock.

Belden Stock Up 1.7 %

Shares of NYSE:BDC opened at $101.55 on Friday. Belden Inc. has a 1 year low of $80.90 and a 1 year high of $131.82. The business has a 50 day simple moving average of $112.64 and a two-hundred day simple moving average of $114.82. The firm has a market capitalization of $4.09 billion, a PE ratio of 21.11 and a beta of 1.02. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.92 and a quick ratio of 1.37.

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

Belden Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research analysts recently commented on BDC shares. Loop Capital dropped their price target on Belden from $155.00 to $145.00 and set a “buy” rating for the company in a research report on Tuesday, February 11th. Benchmark reiterated a “buy” rating and issued a $130.00 price target on shares of Belden in a research report on Monday, February 10th. Finally, StockNews.com upgraded Belden from a “buy” rating to a “strong-buy” rating 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. According to MarketBeat.com, the company currently has an average 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.