Belden Inc. (NYSE:BDC) Shares Purchased by Intech Investment Management LLC

Intech Investment Management LLC boosted its stake in Belden Inc. (NYSE:BDC) by 57.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 24,594 shares of the industrial products company’s stock after acquiring an additional 8,999 shares during the period. Intech Investment Management LLC owned 0.06% of Belden worth $2,770,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in BDC. KBC Group NV increased its position in Belden by 27.8% in the 3rd quarter. KBC Group NV now owns 1,261 shares of the industrial products company’s stock valued at $148,000 after acquiring an additional 274 shares during the period. Natixis Advisors LLC increased its position in Belden by 1.9% in the 3rd quarter. Natixis Advisors LLC now owns 39,239 shares of the industrial products company’s stock valued at $4,596,000 after acquiring an additional 741 shares during the period. Prospera Private Wealth LLC acquired a new position in Belden in the 3rd quarter valued at about $33,000. Advisors Asset Management Inc. increased its position in Belden by 53.0% in the 3rd quarter. Advisors Asset Management Inc. now owns 3,307 shares of the industrial products company’s stock valued at $387,000 after acquiring an additional 1,145 shares during the period. Finally, First Horizon Advisors Inc. increased its position in Belden by 97.7% in the 3rd quarter. First Horizon Advisors Inc. now owns 423 shares of the industrial products company’s stock valued at $50,000 after acquiring an additional 209 shares during the period. Institutional investors and hedge funds own 98.75% of the company’s stock.

Belden Price Performance

Shares of NYSE:BDC opened at $106.58 on Thursday. The business’s 50 day simple moving average is $111.98 and its 200-day simple moving average is $114.77. The firm has a market capitalization of $4.29 billion, a price-to-earnings ratio of 22.16 and a beta of 1.02. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.92 and a quick ratio of 1.37. Belden Inc. has a 12 month low of $80.90 and a 12 month high of $131.82.

Belden (NYSE:BDC) last announced its quarterly earnings results on Thursday, February 6th. The industrial products company reported $1.92 EPS for the quarter, topping the consensus estimate of $1.68 by $0.24. Belden had a return on equity of 21.42% and a net margin of 8.06%. As a group, equities analysts forecast that Belden Inc. will post 7.07 earnings per share for the current fiscal year.

Belden Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Thursday, March 13th will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.19%. The ex-dividend date of this dividend is Thursday, March 13th. Belden’s payout ratio is currently 4.16%.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Loop Capital dropped their target price on Belden from $155.00 to $145.00 and set a “buy” rating on the stock in a research report on Tuesday, February 11th. StockNews.com upgraded Belden from a “buy” rating to a “strong-buy” rating in a research report on Monday, February 10th. Finally, Benchmark reiterated a “buy” rating and set a $130.00 target price on shares of Belden in a research report on Monday, February 10th. Four equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $130.25.

Insider Activity at Belden

In other Belden news, Director Jonathan C. Klein sold 2,129 shares of the business’s stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $110.00, for a total value of $234,190.00. Following the completion of the transaction, the director now directly owns 9,968 shares in the company, valued at approximately $1,096,480. The trade was a 17.60 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Gregory James Mccray sold 4,200 shares of the business’s stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $105.21, for a total value of $441,882.00. Following the completion of the transaction, the director now owns 4,199 shares of the company’s stock, valued at $441,776.79. This trade represents a 50.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 23,428 shares of company stock valued at $2,589,774. 1.59% of the stock is owned by corporate insiders.

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.