Belden (NYSE:BDC) SVP Sells $384,020.00 in Stock

Belden Inc (NYSE:BDC) SVP Leah Tate sold 2,954 shares of the firm’s stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of $130.00, for a total transaction of $384,020.00. Following the completion of the transaction, the senior vice president directly owned 24,881 shares of the company’s stock, valued at approximately $3,234,530. This trade represents a 10.61% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Leah Tate also recently made the following trade(s):

• On Wednesday, December 3rd, Leah Tate sold 2,554 shares of Belden stock. The stock was sold at an average price of $120.00, for a total value of $306,480.00.

Belden Stock Up 6.2%

BDC stock opened at $139.90 on Monday. The business’s 50 day simple moving average is $119.38 and its 200 day simple moving average is $120.62. Belden Inc has a 1-year low of $83.18 and a 1-year high of $140.43. The firm has a market capitalization of $5.50 billion, a PE ratio of 24.85 and a beta of 1.20. The company has a current ratio of 1.99, a quick ratio of 1.37 and a debt-to-equity ratio of 1.03.

Belden Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 8th. Stockholders of record on Thursday, December 11th were issued a dividend of $0.05 per share. The ex-dividend date of this dividend was Thursday, December 11th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.1%. Belden’s payout ratio is 3.55%.

Analyst Ratings Changes

BDC has been the topic of a number of research reports. Truist Financial boosted their price objective on Belden from $149.00 to $150.00 and gave the stock a “buy” rating in a research report on Friday, December 19th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Belden in a research report on Wednesday, January 21st. Finally, Wall Street Zen raised shares of Belden from a “hold” rating to a “buy” rating in a research report on Saturday, January 17th. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, Belden currently has a consensus rating of “Moderate Buy” and an average price target of $140.00.

Institutional Investors Weigh In On Belden

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of Belden during the 2nd quarter worth $55,804,000. Northwestern Mutual Wealth Management Co. boosted its holdings in Belden by 238,774.6% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 422,808 shares of the industrial products company’s stock worth $49,278,000 after buying an additional 422,631 shares during the period. SG Capital Management LLC bought a new position in shares of Belden in the second quarter worth $18,891,000. Arrowstreet Capital Limited Partnership boosted its stake in Belden by 712.6% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 145,029 shares of the industrial products company’s stock worth $17,443,000 after purchasing an additional 127,182 shares during the period. Finally, Vanguard Group Inc. grew its stake in Belden by 1.9% during the third quarter. Vanguard Group Inc. now owns 4,893,012 shares of the industrial products company’s stock valued at $588,483,000 after acquiring an additional 93,274 shares in the last quarter. Hedge funds and other institutional investors own 98.75% of the company’s stock.

About Belden

Belden, formerly Belden Inc (NYSE:BDC), was a global provider of signal transmission solutions for demanding applications. The company produced a wide range of copper and fiber optic cables, connectors, patch panels, cable assemblies, and surge protection devices. Its portfolio extended into networking and security hardware, including managed switches, industrial routers, and software tools for remote monitoring and network management.

Founded in 1902 and headquartered in St. Louis, Missouri, Belden built its reputation on delivering high‐performance, reliable products for harsh environments.