Vanguard Personalized Indexing Management LLC Increases Position in Belden Inc. (NYSE:BDC)

Vanguard Personalized Indexing Management LLC increased its stake in shares of Belden Inc. (NYSE:BDC) by 46.5% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,165 shares of the industrial products company’s stock after buying an additional 1,322 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Belden were worth $361,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in BDC. Atlas Capital Advisors LLC boosted its stake in shares of Belden by 2.3% during the 4th quarter. Atlas Capital Advisors LLC now owns 5,346 shares of the industrial products company’s stock worth $384,000 after acquiring an additional 121 shares in the last quarter. Altshuler Shaham Ltd grew its holdings in Belden by 2.8% in the first quarter. Altshuler Shaham Ltd now owns 4,909 shares of the industrial products company’s stock valued at $151,000 after purchasing an additional 133 shares during the last quarter. Parkside Financial Bank & Trust increased its position in shares of Belden by 11.9% in the first quarter. Parkside Financial Bank & Trust now owns 1,342 shares of the industrial products company’s stock valued at $116,000 after buying an additional 143 shares in the last quarter. Quadrant Capital Group LLC raised its stake in shares of Belden by 97.2% during the 4th quarter. Quadrant Capital Group LLC now owns 353 shares of the industrial products company’s stock worth $25,000 after buying an additional 174 shares during the last quarter. Finally, Point72 Hong Kong Ltd boosted its position in shares of Belden by 88.0% in the 1st quarter. Point72 Hong Kong Ltd now owns 515 shares of the industrial products company’s stock worth $29,000 after buying an additional 241 shares in the last quarter. 99.16% of the stock is currently owned by institutional investors and hedge funds.

Belden Stock Up 1.7 %

Shares of NYSE BDC opened at $91.96 on Wednesday. Belden Inc. has a 1 year low of $58.53 and a 1 year high of $99.13. The firm has a market cap of $3.89 billion, a P/E ratio of 13.73 and a beta of 1.32. The firm’s 50 day moving average price is $92.59 and its 200 day moving average price is $87.66. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.92 and a current ratio of 2.53.

Belden (NYSE:BDC) last released its earnings results on Thursday, August 3rd. The industrial products company reported $1.91 earnings per share for the quarter, topping the consensus estimate of $1.75 by $0.16. The firm had revenue of $692.25 million for the quarter, compared to the consensus estimate of $687.49 million. Belden had a return on equity of 27.11% and a net margin of 10.97%. The firm’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same period in the prior year, the business posted $1.60 earnings per share. As a group, sell-side analysts anticipate that Belden Inc. will post 7.27 earnings per share for the current year.

Belden Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 5th. Stockholders of record on Wednesday, September 13th will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Tuesday, September 12th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.22%. Belden’s payout ratio is 2.99%.

Insider Activity at Belden

In other Belden news, CEO Ashish Chand sold 7,123 shares of the stock in a transaction on Friday, June 23rd. The shares were sold at an average price of $91.88, for a total transaction of $654,461.24. Following the transaction, the chief executive officer now directly owns 45,682 shares in the company, valued at approximately $4,197,262.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO Ashish Chand sold 7,123 shares of the business’s stock in a transaction dated Friday, June 23rd. The stock was sold at an average price of $91.88, for a total value of $654,461.24. Following the completion of the sale, the chief executive officer now directly owns 45,682 shares of the company’s stock, valued at $4,197,262.16. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Brian Lieser sold 829 shares of the stock in a transaction that occurred on Thursday, June 15th. The stock was sold at an average price of $94.34, for a total value of $78,207.86. Following the transaction, the executive vice president now directly owns 17,363 shares in the company, valued at approximately $1,638,025.42. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 34,421 shares of company stock worth $3,241,593. 1.42% of the stock is owned by insiders.

Analyst Ratings Changes

BDC has been the subject of a number of research reports. StockNews.com initiated coverage on shares of Belden in a research report on Sunday, August 20th. They set a “buy” rating for the company. Truist Financial raised their price target on Belden from $107.00 to $118.00 and gave the stock a “buy” rating in a research report on Friday, July 14th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $101.80.

Belden Profile

Belden Inc provides portfolio of signal transmission solutions 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, and home and building automation.