Cwm LLC lifted its position in shares of  Belden Inc (NYSE:BDC – Free Report) by 83.7% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 922 shares of the industrial products company’s stock after buying an additional 420 shares during the period. Cwm LLC’s holdings in Belden were worth $107,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 
Other hedge funds and other institutional investors have also made changes to their positions in the company. Maseco LLP acquired a new stake in shares of Belden during the 2nd quarter worth approximately $25,000. GAMMA Investing LLC increased its holdings in shares of Belden by 34.7% during the 1st quarter. GAMMA Investing LLC now owns 446 shares of the industrial products company’s stock worth $45,000 after buying an additional 115 shares during the last quarter. Banque Cantonale Vaudoise acquired a new stake in shares of Belden during the 1st quarter worth approximately $47,000. UMB Bank n.a. increased its holdings in shares of Belden by 195.2% during the 2nd quarter. UMB Bank n.a. now owns 552 shares of the industrial products company’s stock worth $64,000 after buying an additional 365 shares during the last quarter. Finally, Covestor Ltd increased its holdings in shares of Belden by 23.5% during the 1st quarter. Covestor Ltd now owns 636 shares of the industrial products company’s stock worth $64,000 after buying an additional 121 shares during the last quarter. Institutional investors and hedge funds own 98.75% of the company’s stock.
Belden Stock Down 0.3%
Belden stock opened at $121.95 on Friday. Belden Inc has a fifty-two week low of $83.18 and a fifty-two week high of $133.77. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.35 and a current ratio of 1.99. The firm has a 50 day moving average price of $123.15 and a 200 day moving average price of $117.31. The company has a market capitalization of $4.83 billion, a PE ratio of 22.09 and a beta of 1.26.
Belden Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 7th. Shareholders of record on Thursday, September 11th were given a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend was Thursday, September 11th. Belden’s dividend payout ratio (DPR) is currently 3.55%.
Analyst Ratings Changes
A number of analysts have recently issued reports on the stock. Wall Street Zen downgraded shares of Belden from a “strong-buy” rating to a “buy” rating in a report on Sunday, August 3rd. The Goldman Sachs Group reiterated a “buy” rating on shares of Belden in a report on Friday, July 11th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Belden in a report on Wednesday, October 8th. Finally, Benchmark lifted their target price on shares of Belden from $130.00 to $145.00 and gave the company a “buy” rating in a report on Friday, August 1st. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $136.67.
Read Our Latest Stock Report on Belden
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.
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