Allianz Asset Management GmbH Has $3.13 Million Stake in Belden Inc $BDC

Allianz Asset Management GmbH cut its position in Belden Inc (NYSE:BDC) by 46.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 25,985 shares of the industrial products company’s stock after selling 22,543 shares during the quarter. Allianz Asset Management GmbH owned 0.07% of Belden worth $3,125,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Verdence Capital Advisors LLC raised its position in Belden by 1.9% during the second quarter. Verdence Capital Advisors LLC now owns 4,223 shares of the industrial products company’s stock valued at $489,000 after purchasing an additional 78 shares in the last quarter. Arizona State Retirement System raised its holdings in shares of Belden by 0.7% during the 3rd quarter. Arizona State Retirement System now owns 11,688 shares of the industrial products company’s stock worth $1,406,000 after buying an additional 86 shares in the last quarter. Blue Trust Inc. lifted its position in shares of Belden by 6.0% during the 3rd quarter. Blue Trust Inc. now owns 2,038 shares of the industrial products company’s stock worth $245,000 after buying an additional 116 shares during the last quarter. Captrust Financial Advisors boosted its stake in Belden by 3.8% in the second quarter. Captrust Financial Advisors now owns 3,904 shares of the industrial products company’s stock valued at $452,000 after buying an additional 142 shares in the last quarter. Finally, Johnson Investment Counsel Inc. boosted its stake in Belden by 7.5% in the second quarter. Johnson Investment Counsel Inc. now owns 2,193 shares of the industrial products company’s stock valued at $254,000 after buying an additional 153 shares in the last quarter. Institutional investors and hedge funds own 98.75% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on BDC. Weiss Ratings reissued a “hold (c+)” rating on shares of Belden in a report on Wednesday, January 21st. Wall Street Zen upgraded shares of Belden from a “hold” rating to a “buy” rating in a research report on Saturday, January 17th. Finally, Truist Financial increased their price objective on shares of Belden from $149.00 to $150.00 and gave the company a “buy” rating in a research note on Friday, December 19th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $138.33.

Insider Buying and Selling at Belden

In other news, Director Jonathan C. Klein sold 3,000 shares of the business’s stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $124.19, for a total transaction of $372,570.00. Following the completion of the sale, the director directly owned 8,353 shares of the company’s stock, valued at $1,037,359.07. The trade was a 26.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Hiran Bhadra sold 1,600 shares of the firm’s stock in a transaction dated Friday, December 5th. The shares were sold at an average price of $120.00, for a total transaction of $192,000.00. Following the completion of the transaction, the senior vice president directly owned 26,119 shares in the company, valued at approximately $3,134,280. The trade was a 5.77% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 16,045 shares of company stock worth $2,010,690. Company insiders own 1.48% of the company’s stock.

Belden Price Performance

BDC stock opened at $142.77 on Thursday. Belden Inc has a 1 year low of $83.18 and a 1 year high of $145.55. The stock has a market capitalization of $5.61 billion, a PE ratio of 25.36 and a beta of 1.20. The company’s 50-day moving average is $120.97 and its 200-day moving average is $120.97. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.99 and a quick ratio of 1.37.

Belden Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 8th. Investors of record on Thursday, December 11th were given a $0.05 dividend. The ex-dividend date of this dividend was Thursday, December 11th. This represents a $0.20 annualized dividend and a yield of 0.1%. Belden’s dividend payout ratio (DPR) is presently 3.55%.

Belden Company Profile

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.