Prospera Private Wealth LLC Purchases Shares of 284 Belden Inc. (NYSE:BDC)

Prospera Private Wealth LLC acquired a new position in Belden Inc. (NYSE:BDC) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 284 shares of the industrial products company’s stock, valued at approximately $33,000.

A number of other large investors have also recently made changes to their positions in BDC. Chesapeake Capital Corp IL raised its stake in Belden by 16.8% during the 3rd quarter. Chesapeake Capital Corp IL now owns 5,651 shares of the industrial products company’s stock worth $655,000 after acquiring an additional 813 shares during the period. Natixis Advisors LLC raised its position in shares of Belden by 1.9% during the 3rd quarter. Natixis Advisors LLC now owns 39,239 shares of the industrial products company’s stock valued at $4,596,000 after purchasing an additional 741 shares during the period. KBC Group NV lifted its stake in shares of Belden by 27.8% during the 3rd quarter. KBC Group NV now owns 1,261 shares of the industrial products company’s stock valued at $148,000 after buying an additional 274 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its holdings in Belden by 3.7% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 17,494 shares of the industrial products company’s stock worth $2,049,000 after buying an additional 617 shares during the period. Finally, GSA Capital Partners LLP purchased a new stake in Belden in the 3rd quarter worth $687,000. 98.75% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Belden

In related news, CAO Doug Zink sold 3,000 shares of Belden stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $128.82, for a total value of $386,460.00. Following the completion of the sale, the chief accounting officer now directly owns 6,643 shares in the company, valued at $855,751.26. The trade was a 31.11 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.59% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research analysts recently commented on BDC shares. Benchmark boosted their price target on Belden from $120.00 to $130.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Truist Financial lifted their price target on Belden from $124.00 to $136.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Five research analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $122.75.

Belden Price Performance

BDC opened at $123.41 on Friday. The business has a fifty day moving average of $117.84 and a 200 day moving average of $103.92. The stock has a market cap of $4.98 billion, a P/E ratio of 28.70 and a beta of 1.07. The company has a quick ratio of 1.43, a current ratio of 2.07 and a debt-to-equity ratio of 0.99. Belden Inc. has a 52-week low of $65.52 and a 52-week high of $131.82.

Belden (NYSE:BDC) last issued its earnings results on Thursday, October 31st. The industrial products company reported $1.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.61 by $0.09. The firm had revenue of $654.90 million during the quarter, compared to analyst estimates of $643.63 million. Belden had a net margin of 7.61% and a return on equity of 20.55%. The business’s revenue was up 4.5% on a year-over-year basis. During the same period in the previous year, the firm earned $1.78 earnings per share. As a group, sell-side analysts anticipate that Belden Inc. will post 6.12 EPS for the current year.

Belden Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Thursday, December 12th will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.16%. The ex-dividend date is Thursday, December 12th. Belden’s dividend payout ratio is presently 4.65%.

About Belden

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.