TFO Wealth Partners LLC Increases Stake in Belden Inc. (NYSE:BDC)

TFO Wealth Partners LLC boosted its stake in Belden Inc. (NYSE:BDCFree Report) by 33,500.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,008 shares of the industrial products company’s stock after purchasing an additional 1,005 shares during the quarter. TFO Wealth Partners LLC’s holdings in Belden were worth $78,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of BDC. South Dakota Investment Council grew its stake in shares of Belden by 20.5% during the 4th quarter. South Dakota Investment Council now owns 64,634 shares of the industrial products company’s stock valued at $4,993,000 after buying an additional 11,000 shares during the period. State of Alaska Department of Revenue increased its stake in Belden by 588.5% during the fourth quarter. State of Alaska Department of Revenue now owns 34,612 shares of the industrial products company’s stock worth $2,673,000 after acquiring an additional 29,585 shares during the last quarter. Duality Advisers LP purchased a new position in shares of Belden in the 4th quarter worth about $1,733,000. State of New Jersey Common Pension Fund D lifted its stake in shares of Belden by 41.1% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 37,671 shares of the industrial products company’s stock valued at $2,910,000 after purchasing an additional 10,975 shares in the last quarter. Finally, Natixis Advisors L.P. grew its holdings in shares of Belden by 75.4% during the 3rd quarter. Natixis Advisors L.P. now owns 27,098 shares of the industrial products company’s stock worth $2,616,000 after purchasing an additional 11,651 shares during the period. Institutional investors and hedge funds own 98.75% of the company’s stock.

Belden Stock Performance

Shares of BDC stock opened at $96.72 on Thursday. The company’s fifty day moving average price is $89.80 and its two-hundred day moving average price is $82.28. The company has a debt-to-equity ratio of 1.02, a current ratio of 2.55 and a quick ratio of 1.83. The firm has a market capitalization of $3.93 billion, a P/E ratio of 18.93 and a beta of 1.09. Belden Inc. has a 12 month low of $60.54 and a 12 month high of $99.13.

Belden (NYSE:BDCGet Free Report) last issued its quarterly earnings results on Thursday, May 2nd. The industrial products company reported $1.24 EPS for the quarter, beating analysts’ consensus estimates of $1.05 by $0.19. Belden had a return on equity of 23.11% and a net margin of 9.01%. The firm had revenue of $536.00 million during the quarter, compared to the consensus estimate of $514.27 million. During the same quarter in the prior year, the business posted $1.68 earnings per share. Belden’s revenue for the quarter was down 16.5% on a year-over-year basis. On average, research analysts anticipate that Belden Inc. will post 5.77 earnings per share for the current fiscal year.

Belden Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 9th. Investors of record on Thursday, June 13th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $0.20 annualized dividend and a yield of 0.21%. Belden’s dividend payout ratio is presently 3.91%.

Insider Activity at Belden

In other news, Director Jonathan C. Klein sold 1,093 shares of the business’s stock in a transaction dated Wednesday, May 29th. The shares were sold at an average price of $95.50, for a total value of $104,381.50. Following the completion of the sale, the director now owns 13,704 shares of the company’s stock, valued at approximately $1,308,732. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director David J. Aldrich sold 6,700 shares of the firm’s stock in a transaction on Friday, May 24th. The stock was sold at an average price of $97.19, for a total transaction of $651,173.00. Following the transaction, the director now directly owns 53,396 shares in the company, valued at $5,189,557.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jonathan C. Klein sold 1,093 shares of the business’s stock in a transaction on Wednesday, May 29th. The shares were sold at an average price of $95.50, for a total transaction of $104,381.50. Following the sale, the director now owns 13,704 shares of the company’s stock, valued at approximately $1,308,732. The disclosure for this sale can be found here. 1.59% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Truist Financial lifted their price target on shares of Belden from $98.00 to $101.00 and gave the company a “buy” rating in a research report on Friday, May 3rd. StockNews.com lowered shares of Belden from a “buy” rating to a “hold” rating in a report on Tuesday, May 28th. Loop Capital increased their price target on Belden from $100.00 to $115.00 and gave the company a “buy” rating in a report on Friday, May 17th. Finally, Benchmark restated a “buy” rating and set a $100.00 price objective on shares of Belden in a research note on Monday, May 6th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $104.40.

Check Out Our Latest Stock Report on Belden

Belden Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Belden (NYSE:BDC)

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