8,755 Shares in Belden Inc. (NYSE:BDC) Bought by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership acquired a new stake in shares of Belden Inc. (NYSE:BDC) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 8,755 shares of the industrial products company’s stock, valued at approximately $986,000.

Several other hedge funds and other institutional investors have also made changes to their positions in BDC. First Horizon Advisors Inc. grew its holdings in Belden by 49.9% during the 4th quarter. First Horizon Advisors Inc. now owns 634 shares of the industrial products company’s stock valued at $71,000 after buying an additional 211 shares in the last quarter. Parkside Financial Bank & Trust boosted its position in shares of Belden by 31.3% during the 4th quarter. Parkside Financial Bank & Trust now owns 835 shares of the industrial products company’s stock valued at $94,000 after acquiring 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 valued at $135,000 after purchasing an additional 105 shares in the last quarter. TD Private Client Wealth LLC increased its position in 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 purchasing an additional 599 shares during the last quarter. Finally, Matrix Trust Co raised its stake in Belden by 624.8% during the fourth quarter. Matrix Trust Co now owns 1,522 shares of the industrial products company’s stock valued at $171,000 after purchasing an additional 1,312 shares in the last quarter. Institutional investors own 98.75% of the company’s stock.

Belden Price Performance

Belden stock opened at $93.37 on Friday. The stock has a market cap of $3.76 billion, a price-to-earnings ratio of 19.41 and a beta of 1.07. The firm has a 50-day moving average of $104.69 and a two-hundred day moving average of $113.70. Belden Inc. has a 1 year low of $80.90 and a 1 year high of $131.82. 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 announced its quarterly earnings data on Thursday, February 6th. The industrial products company reported $1.92 earnings per share (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%. On average, research analysts forecast that Belden Inc. will post 7.07 earnings per share for the current year.

Belden Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 10th. Investors of record on Thursday, March 13th were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.21%. The ex-dividend date was Thursday, March 13th. Belden’s dividend payout ratio (DPR) is presently 4.16%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on BDC. Benchmark restated a “buy” rating and set a $130.00 target price on shares of Belden in a research report on Monday, February 10th. Loop Capital decreased their price objective on Belden from $155.00 to $145.00 and set a “buy” rating on the stock in a research report on Tuesday, February 11th. StockNews.com cut Belden from a “strong-buy” rating to a “buy” rating in a report on Friday, April 4th. Finally, The Goldman Sachs Group cut their price target on shares of Belden from $139.00 to $120.00 and set a “buy” rating on the stock in a report on Thursday. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $128.20.

Insiders Place Their Bets

In other Belden news, 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 transaction, the senior vice president now owns 23,243 shares in the company, valued at $2,667,599.11. The trade was a 9.36 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Gregory James Mccray sold 4,200 shares of the business’s 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 of the company’s stock, valued at $441,776.79. This represents a 50.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 23,428 shares of company stock worth $2,589,774 in the last three months. Corporate insiders own 1.59% of the company’s stock.

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.