3,793 Shares in Belden Inc. (NYSE:BDC) Acquired by Cibc World Markets Corp

Cibc World Markets Corp purchased a new position in shares of Belden Inc. (NYSE:BDC) during the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 3,793 shares of the industrial products company’s stock, valued at approximately $427,000.

Several other large investors have also recently bought and sold shares of the company. Principal Securities Inc. lifted its holdings in Belden by 9.6% during the 4th quarter. Principal Securities Inc. now owns 1,202 shares of the industrial products company’s stock worth $135,000 after buying an additional 105 shares in the last quarter. Ashton Thomas Private Wealth LLC lifted its holdings in Belden by 5.4% during the 4th quarter. Ashton Thomas Private Wealth LLC now owns 2,277 shares of the industrial products company’s stock worth $257,000 after buying an additional 116 shares in the last quarter. Arizona State Retirement System lifted its holdings in Belden by 1.1% during the 4th quarter. Arizona State Retirement System now owns 11,843 shares of the industrial products company’s stock worth $1,334,000 after buying an additional 129 shares in the last quarter. Parkside Financial Bank & Trust lifted its holdings in Belden by 31.3% during the 4th quarter. Parkside Financial Bank & Trust now owns 835 shares of the industrial products company’s stock worth $94,000 after buying an additional 199 shares in the last quarter. Finally, First Horizon Advisors Inc. lifted its holdings in 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 buying an additional 209 shares in the last quarter. Institutional investors and hedge funds own 98.75% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on BDC. Benchmark reaffirmed a “buy” rating and set a $130.00 price objective on shares of Belden in a report on Monday, February 10th. StockNews.com raised Belden from a “buy” rating to a “strong-buy” rating in a research note on Monday, February 10th. Finally, Loop Capital cut their price target on Belden from $155.00 to $145.00 and set a “buy” rating on the stock in a research note on Tuesday, February 11th. Four equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Belden presently has an average rating of “Buy” and a consensus price target of $130.25.

Belden Stock Performance

BDC stock opened at $101.91 on Monday. The business’s fifty day moving average is $111.47 and its 200-day moving average is $114.83. 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 company has a market cap of $4.10 billion, a P/E ratio of 21.19 and a beta of 1.02. Belden Inc. has a twelve month low of $80.90 and a twelve month high of $131.82.

Belden (NYSE:BDC) last issued its quarterly earnings data on Thursday, February 6th. The industrial products company reported $1.92 EPS for the quarter, topping 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%. Equities research analysts forecast that Belden Inc. will post 7.07 EPS for the current year.

Belden Announces Dividend

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

Insider Buying and Selling

In other Belden news, Director Gregory James Mccray sold 4,200 shares of the stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $105.21, for a total transaction of $441,882.00. Following the completion of the transaction, the director now owns 4,199 shares in the company, valued at approximately $441,776.79. This represents a 50.01 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jonathan C. Klein sold 2,129 shares of the stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $110.00, for a total value of $234,190.00. Following the transaction, the director now owns 9,968 shares of the company’s stock, valued at approximately $1,096,480. This trade represents a 17.60 % 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 valued at $2,589,774. 1.59% of the stock is owned by company insiders.

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.