Schroder Investment Management Group Sells 2,173 Shares of Belden Inc. (NYSE:BDC)

Schroder Investment Management Group cut its holdings in Belden Inc. (NYSE:BDC) by 6.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 32,360 shares of the industrial products company’s stock after selling 2,173 shares during the period. Schroder Investment Management Group’s holdings in Belden were worth $3,629,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. First Horizon Advisors Inc. lifted its stake in shares of Belden by 49.9% in the 4th quarter. First Horizon Advisors Inc. now owns 634 shares of the industrial products company’s stock valued at $71,000 after acquiring an additional 211 shares during the last quarter. Parkside Financial Bank & Trust lifted its position in Belden by 31.3% in 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 during the last quarter. Principal Securities Inc. grew 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. TD Private Client Wealth LLC increased its stake in shares of Belden by 72.3% in the third quarter. TD Private Client Wealth LLC now owns 1,427 shares of the industrial products company’s stock worth $167,000 after buying an additional 599 shares during the period. Finally, Matrix Trust Co increased its stake in shares of Belden by 624.8% in the fourth quarter. Matrix Trust Co now owns 1,522 shares of the industrial products company’s stock worth $171,000 after buying an additional 1,312 shares during the period. 98.75% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Jonathan C. Klein sold 2,129 shares of the stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $110.00, for a total value of $234,190.00. Following the sale, the director now directly owns 9,968 shares of the company’s stock, valued at approximately $1,096,480. This represents a 17.60 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Leah Tate sold 2,400 shares of Belden stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $114.77, for a total value of $275,448.00. Following the completion of the transaction, the senior vice president now directly owns 23,243 shares of the company’s stock, 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. Over the last quarter, insiders have sold 23,428 shares of company stock worth $2,589,774. 1.59% of the stock is currently owned by company insiders.

Analyst Ratings Changes

BDC has been the topic of a number of recent analyst reports. Benchmark restated a “buy” rating and issued a $130.00 price objective on shares of Belden in a research report on Monday, February 10th. Loop Capital lowered 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. Finally, StockNews.com lowered Belden from a “strong-buy” rating to a “buy” rating in a research report on Friday. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat, Belden presently has an average rating of “Buy” and an average target price of $130.25.

Belden Stock Down 4.3 %

BDC stock opened at $88.99 on Friday. Belden Inc. has a fifty-two week low of $80.90 and a fifty-two week high of $131.82. The company has a market capitalization of $3.58 billion, a price-to-earnings ratio of 18.50 and a beta of 1.07. The business’s 50 day moving average price is $107.97 and its two-hundred day moving average price is $114.70. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.37 and a current ratio of 1.92.

Belden (NYSE:BDC) last posted its quarterly earnings data on Thursday, February 6th. The industrial products company reported $1.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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, analysts forecast that Belden Inc. will post 7.07 earnings per share for the current fiscal year.

Belden Dividend Announcement

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 0.22%. The ex-dividend date is Thursday, March 13th. Belden’s payout ratio is currently 4.16%.

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.