Belden Inc (NYSE:BDC) Shares Bought by Cetera Investment Advisers

Cetera Investment Advisers grew its holdings in shares of Belden Inc (NYSE:BDC) by 55.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,654 shares of the industrial products company’s stock after purchasing an additional 2,018 shares during the quarter. Cetera Investment Advisers’ holdings in Belden were worth $567,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of BDC. LPL Financial LLC boosted its position in shares of Belden by 27.3% during the 4th quarter. LPL Financial LLC now owns 4,806 shares of the industrial products company’s stock valued at $541,000 after acquiring an additional 1,032 shares during the last quarter. Wells Fargo & Company MN boosted its position in shares of Belden by 13.7% during the 4th quarter. Wells Fargo & Company MN now owns 40,357 shares of the industrial products company’s stock valued at $4,545,000 after acquiring an additional 4,859 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in shares of Belden by 10.3% during the 4th quarter. Envestnet Asset Management Inc. now owns 40,530 shares of the industrial products company’s stock valued at $4,564,000 after acquiring an additional 3,795 shares during the last quarter. Russell Investments Group Ltd. lifted its position in Belden by 3.8% in the fourth quarter. Russell Investments Group Ltd. now owns 8,872 shares of the industrial products company’s stock valued at $999,000 after buying an additional 322 shares during the last quarter. Finally, Bank of Montreal Can lifted its position in Belden by 6.7% in the fourth quarter. Bank of Montreal Can now owns 8,071 shares of the industrial products company’s stock valued at $909,000 after buying an additional 507 shares during the last quarter. Institutional investors and hedge funds own 98.75% of the company’s stock.

Belden Stock Down 1.2%

BDC stock opened at $124.10 on Friday. The company’s 50 day moving average price is $119.73 and its 200 day moving average price is $110.28. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.35 and a current ratio of 1.99. Belden Inc has a fifty-two week low of $83.18 and a fifty-two week high of $132.99. The firm has a market capitalization of $4.92 billion, a price-to-earnings ratio of 22.48 and a beta of 1.28.

Belden (NYSE:BDC) last announced its quarterly earnings results on Thursday, July 31st. The industrial products company reported $1.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.72 by $0.17. The firm had revenue of $671.99 million during the quarter, compared to the consensus estimate of $654.82 million. Belden had a return on equity of 23.29% and a net margin of 8.60%. The firm’s quarterly revenue was up 11.2% compared to the same quarter last year. During the same period in the prior year, the company posted $1.51 earnings per share. On average, equities research analysts anticipate that Belden Inc will post 7.07 EPS for the current fiscal year.

Belden Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 9th. Stockholders of record on Thursday, June 12th were issued a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend was Thursday, June 12th. Belden’s dividend payout ratio is presently 3.62%.

Insider Buying and Selling at Belden

In other news, SVP Brian Edward Anderson sold 7,158 shares of the stock in a transaction that occurred on Thursday, July 17th. The stock was sold at an average price of $130.51, for a total value of $934,190.58. Following the completion of the sale, the senior vice president directly owned 39,574 shares of the company’s stock, valued at approximately $5,164,802.74. This represents a 15.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.48% of the company’s stock.

Wall Street Analysts Forecast Growth

BDC has been the topic of a number of recent analyst reports. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Belden in a research report on Friday, July 11th. Wall Street Zen lowered shares of Belden from a “strong-buy” rating to a “buy” rating in a research note on Sunday, August 3rd. Finally, Benchmark boosted their price target on shares of Belden from $130.00 to $145.00 and gave the stock a “buy” rating in a research note on Friday, August 1st. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $136.50.

Belden Company 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.