Charles Schwab Investment Management Inc. Lowers Holdings in Belden Inc. (NYSE:BDC)

Charles Schwab Investment Management Inc. lessened its stake in shares of Belden Inc. (NYSE:BDC) by 0.4% in the 4th quarter, Holdings Channel reports. The firm owned 490,491 shares of the industrial products company’s stock after selling 1,854 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Belden were worth $55,234,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of BDC. Parkside Financial Bank & Trust grew its stake in shares of Belden by 31.3% in the 4th quarter. Parkside Financial Bank & Trust now owns 835 shares of the industrial products company’s stock valued at $94,000 after buying an additional 199 shares during the period. Proficio Capital Partners LLC acquired a new stake in Belden during the 4th quarter worth $2,841,000. Oppenheimer Asset Management Inc. boosted its holdings in shares of Belden by 1.2% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 17,706 shares of the industrial products company’s stock valued at $1,994,000 after acquiring an additional 212 shares in the last quarter. First Horizon Advisors Inc. boosted its holdings in Belden by 49.9% during the fourth quarter. First Horizon Advisors Inc. now owns 634 shares of the industrial products company’s stock worth $71,000 after buying an additional 211 shares in the last quarter. Finally, Navellier & Associates Inc. purchased a new stake in Belden during the fourth quarter worth about $227,000. Institutional investors and hedge funds own 98.75% of the company’s stock.

Belden Trading Down 2.1 %

Shares of BDC stock opened at $99.57 on Friday. Belden Inc. has a 12 month low of $80.90 and a 12 month high of $131.82. 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 business’s 50 day moving average is $113.19 and its two-hundred day moving average is $114.91. The company has a market cap of $4.01 billion, a PE ratio of 20.70 and a beta of 1.02.

Belden (NYSE:BDC) last announced its quarterly 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 net margin of 8.06% and a return on equity of 21.42%. 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 paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $0.20 annualized dividend and a dividend yield of 0.20%. Belden’s dividend payout ratio is currently 4.16%.

Wall Street Analysts Forecast Growth

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

Insider Transactions at Belden

In other Belden news, SVP Leah Tate sold 2,400 shares of the stock in a transaction on Friday, February 7th. The stock was sold at an average price of $114.77, for a total transaction 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. This trade represents a 9.36 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jonathan C. Klein sold 2,129 shares of the firm’s 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 completion of the transaction, the director now owns 9,968 shares in the company, valued at $1,096,480. The trade was a 17.60 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 23,428 shares of company stock valued at $2,589,774 in the last ninety days. 1.59% of the stock is currently owned by corporate insiders.

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.