Belden Inc. (NYSE:BDC) Shares Acquired by Barclays PLC

Barclays PLC raised its holdings in shares of Belden Inc. (NYSE:BDC) by 121.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 177,397 shares of the industrial products company’s stock after purchasing an additional 97,265 shares during the quarter. Barclays PLC owned 0.44% of Belden worth $19,977,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of BDC. CenterBook Partners LP grew its position in shares of Belden by 60.0% during the fourth quarter. CenterBook Partners LP now owns 14,028 shares of the industrial products company’s stock worth $1,580,000 after buying an additional 5,260 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Belden in the 4th quarter valued at about $6,301,000. Martingale Asset Management L P grew its stake in Belden by 36.6% in the fourth quarter. Martingale Asset Management L P now owns 7,915 shares of the industrial products company’s stock worth $891,000 after purchasing an additional 2,122 shares in the last quarter. Renaissance Group LLC increased its holdings in Belden by 11.7% in the fourth quarter. Renaissance Group LLC now owns 38,275 shares of the industrial products company’s stock valued at $4,310,000 after buying an additional 4,006 shares during the last quarter. Finally, Renaissance Technologies LLC raised its stake in Belden by 2.8% during the fourth quarter. Renaissance Technologies LLC now owns 277,555 shares of the industrial products company’s stock valued at $31,255,000 after buying an additional 7,600 shares in the last quarter. Institutional investors and hedge funds own 98.75% of the company’s stock.

Belden Price Performance

NYSE BDC opened at $94.00 on Friday. The company has a 50-day moving average price of $102.65 and a two-hundred day moving average price of $112.94. Belden Inc. has a 52 week low of $81.02 and a 52 week high of $131.82. The stock has a market cap of $3.74 billion, a price-to-earnings ratio of 19.54 and a beta of 1.07. The company has a current ratio of 1.92, a quick ratio of 1.37 and a debt-to-equity ratio of 0.87.

Belden (NYSE:BDC) last posted its earnings results on Thursday, February 6th. The industrial products company reported $1.92 EPS for the quarter, beating 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%. Analysts forecast that Belden Inc. will post 7.07 EPS for the current year.

Belden Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, April 10th. Shareholders of record on Thursday, March 13th were given a dividend of $0.05 per share. The ex-dividend date was Thursday, March 13th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.21%. Belden’s dividend payout ratio (DPR) is 4.16%.

Insider Transactions at Belden

In other Belden news, CEO Ashish Chand sold 14,535 shares of the company’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $111.45, for a total value of $1,619,925.75. Following the completion of the sale, the chief executive officer now directly owns 107,129 shares in the company, valued at $11,939,527.05. This represents a 11.95 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Gregory James Mccray sold 4,200 shares of Belden 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 transaction, the director now owns 4,199 shares in the company, valued at approximately $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 three months, insiders sold 23,428 shares of company stock valued at $2,589,774. Company insiders own 1.59% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on BDC. Benchmark reiterated a “buy” rating and issued a $130.00 price target on shares of Belden in a report on Monday, February 10th. Loop Capital reduced their price target on shares of 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 downgraded shares of Belden from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, April 15th. Finally, The Goldman Sachs Group cut their target price on shares of Belden from $139.00 to $120.00 and set a “buy” rating on the stock in a report on Thursday, April 10th. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Belden currently has an average rating of “Buy” and an average price target of $128.20.

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.