Dana Investment Advisors Inc. Trims Stock Holdings in Belden Inc. (NYSE:BDC)

Dana Investment Advisors Inc. lessened its stake in shares of Belden Inc. (NYSE:BDC) by 11.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 71,682 shares of the industrial products company’s stock after selling 9,318 shares during the quarter. Dana Investment Advisors Inc. owned 0.18% of Belden worth $8,072,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in BDC. Prospera Private Wealth LLC purchased a new position in shares of Belden during the 3rd quarter worth approximately $33,000. First Horizon Advisors Inc. lifted its stake in Belden by 97.7% during the third quarter. First Horizon Advisors Inc. now owns 423 shares of the industrial products company’s stock worth $50,000 after purchasing an additional 209 shares in the last quarter. Parkside Financial Bank & Trust boosted its position in shares of Belden by 31.3% during the fourth quarter. Parkside Financial Bank & Trust now owns 835 shares of the industrial products company’s stock worth $94,000 after buying an additional 199 shares during the period. Principal Securities Inc. boosted its position in shares of Belden by 9.6% during the fourth quarter. Principal Securities Inc. now owns 1,202 shares of the industrial products company’s stock worth $135,000 after buying an additional 105 shares during the period. Finally, KBC Group NV grew its stake in shares of Belden by 27.8% in the third 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. 98.75% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently issued reports on BDC. Loop Capital decreased their target price on Belden from $155.00 to $145.00 and set a “buy” rating on the stock in a research note on Tuesday, February 11th. Benchmark reissued a “buy” rating and set a $130.00 price target on shares of Belden in a research report on Monday, February 10th. Finally, StockNews.com raised shares of Belden from a “buy” rating to a “strong-buy” rating in a research note on Monday, February 10th. Four research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Belden has an average rating of “Buy” and a consensus price target of $130.25.

Belden Trading Up 3.0 %

BDC opened at $106.05 on Thursday. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.92 and a quick ratio of 1.37. The stock has a market capitalization of $4.27 billion, a price-to-earnings ratio of 22.05 and a beta of 1.02. The business has a fifty day moving average price of $114.42 and a 200 day moving average price of $115.05. Belden Inc. has a 12 month low of $80.90 and a 12 month high of $131.82.

Belden (NYSE:BDC) last released its earnings results on Thursday, February 6th. The industrial products company reported $1.92 earnings per share for the quarter, topping analysts’ consensus estimates of $1.68 by $0.24. Belden had a net margin of 8.06% and a return on equity of 21.42%. Sell-side analysts expect that Belden Inc. will post 7.07 earnings per share for the current fiscal year.

Belden Announces Dividend

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

Insider Transactions at Belden

In other news, Director Jonathan C. Klein sold 2,129 shares of the firm’s stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $110.00, for a total transaction of $234,190.00. Following the sale, the director now owns 9,968 shares of the company’s stock, valued at approximately $1,096,480. This trade represents a 17.60 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Ashish Chand sold 14,535 shares of the company’s stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $111.45, for a total value of $1,619,925.75. Following the completion of the transaction, the chief executive officer now directly owns 107,129 shares of the company’s stock, valued at $11,939,527.05. This trade represents a 11.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 19,228 shares of company stock valued at $2,147,892. Insiders own 1.59% of the company’s stock.

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.