Xponance Inc. Has $469,000 Holdings in Belden Inc. (NYSE:BDC)

Xponance Inc. decreased its holdings in Belden Inc. (NYSE:BDC) by 12.8% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,074 shares of the industrial products company’s stock after selling 894 shares during the quarter. Xponance Inc.’s holdings in Belden were worth $469,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in BDC. Raymond James & Associates raised its stake in shares of Belden by 12.2% in the 3rd quarter. Raymond James & Associates now owns 23,476 shares of the industrial products company’s stock valued at $2,267,000 after buying an additional 2,553 shares in the last quarter. Foster & Motley Inc. increased its position in shares of Belden by 1.9% during the 3rd quarter. Foster & Motley Inc. now owns 29,115 shares of the industrial products company’s stock worth $2,811,000 after purchasing an additional 553 shares in the last quarter. GW Henssler & Associates Ltd. acquired a new stake in shares of Belden during the 3rd quarter worth about $225,000. Bank of New York Mellon Corp increased its position in shares of Belden by 15.7% during the 3rd quarter. Bank of New York Mellon Corp now owns 820,463 shares of the industrial products company’s stock worth $79,216,000 after purchasing an additional 111,232 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Belden by 24.0% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,959 shares of the industrial products company’s stock worth $672,000 after purchasing an additional 1,349 shares in the last quarter. Institutional investors and hedge funds own 98.75% of the company’s stock.

Insider Activity

In related news, EVP Brian Lieser sold 2,056 shares of Belden stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $82.30, for a total transaction of $169,208.80. Following the transaction, the executive vice president now owns 21,772 shares of the company’s stock, valued at approximately $1,791,835.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.42% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. StockNews.com cut shares of Belden from a “buy” rating to a “hold” rating in a research report on Monday, April 22nd. Truist Financial increased their price objective on shares of Belden from $89.00 to $98.00 and gave the stock a “buy” rating in a report on Friday, February 9th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $102.25.

Belden Stock Up 0.6 %

Shares of NYSE BDC opened at $83.36 on Friday. The firm has a market capitalization of $3.39 billion, a PE ratio of 14.73 and a beta of 1.04. The company has a current ratio of 2.30, a quick ratio of 1.72 and a debt-to-equity ratio of 1.03. Belden Inc. has a 1 year low of $60.54 and a 1 year high of $99.13. The firm’s 50-day moving average is $86.86 and its 200-day moving average is $78.29.

Belden (NYSE:BDC) last issued its earnings results on Thursday, February 8th. The industrial products company reported $1.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.34. The company had revenue of $551.24 million for the quarter, compared to analyst estimates of $522.06 million. Belden had a net margin of 9.66% and a return on equity of 25.11%. The company’s revenue for the quarter was down 16.4% on a year-over-year basis. During the same quarter last year, the firm earned $1.75 EPS. Equities analysts expect that Belden Inc. will post 5.33 EPS for the current year.

Belden Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 9th. Stockholders of record on Thursday, March 14th were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.24%. The ex-dividend date was Wednesday, March 13th. Belden’s dividend payout ratio (DPR) is presently 3.53%.

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.