Boston Partners decreased its stake in shares of Belden Inc. (NYSE:BDC) by 3.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,534,807 shares of the industrial products company’s stock after selling 58,820 shares during the quarter. Boston Partners’ holdings in Belden were worth $91,073,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of BDC. LSV Asset Management increased its stake in Belden by 194.2% during the 1st quarter. LSV Asset Management now owns 512,400 shares of the industrial products company’s stock valued at $27,515,000 after purchasing an additional 338,236 shares in the last quarter. Janus Henderson Group PLC increased its stake in Belden by 6.5% during the 2nd quarter. Janus Henderson Group PLC now owns 5,537,725 shares of the industrial products company’s stock valued at $329,882,000 after purchasing an additional 338,127 shares in the last quarter. Renaissance Technologies LLC increased its stake in Belden by 1,386.3% during the 2nd quarter. Renaissance Technologies LLC now owns 261,593 shares of the industrial products company’s stock valued at $15,583,000 after purchasing an additional 243,993 shares in the last quarter. AQR Capital Management LLC increased its stake in Belden by 3,548.0% during the 2nd quarter. AQR Capital Management LLC now owns 207,900 shares of the industrial products company’s stock valued at $12,156,000 after purchasing an additional 202,201 shares in the last quarter. Finally, Nuveen Asset Management LLC increased its stake in Belden by 899.2% during the 2nd quarter. Nuveen Asset Management LLC now owns 168,795 shares of the industrial products company’s stock valued at $10,055,000 after purchasing an additional 151,902 shares in the last quarter. Institutional investors and hedge funds own 95.84% of the company’s stock.
In other news, SVP Leo Kulmaczewski purchased 800 shares of the stock in a transaction that occurred on Thursday, August 1st. The shares were purchased at an average cost of $45.46 per share, with a total value of $36,368.00. Following the completion of the acquisition, the senior vice president now owns 10,692 shares of the company’s stock, valued at approximately $486,058.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.52% of the stock is owned by corporate insiders.
Shares of NYSE:BDC traded down $0.59 during midday trading on Wednesday, reaching $53.05. The company’s stock had a trading volume of 4,159 shares, compared to its average volume of 291,702. The firm has a market capitalization of $2.43 billion, a PE ratio of 8.75 and a beta of 2.39. Belden Inc. has a twelve month low of $37.79 and a twelve month high of $73.31. The stock has a fifty day moving average of $46.70 and a 200 day moving average of $54.35. The company has a quick ratio of 1.37, a current ratio of 1.89 and a debt-to-equity ratio of 1.07.
Belden (NYSE:BDC) last released its quarterly earnings data on Wednesday, July 31st. The industrial products company reported $1.39 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.40 by ($0.01). The business had revenue of $637.50 million during the quarter, compared to analyst estimates of $641.65 million. Belden had a return on equity of 19.29% and a net margin of 7.76%. The firm’s revenue was down 4.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.52 EPS. Sell-side analysts anticipate that Belden Inc. will post 5.54 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 7th. Stockholders of record on Thursday, September 19th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Wednesday, September 18th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.38%. Belden’s payout ratio is currently 3.30%.
Belden Inc operates as a signal transmission solutions company in the United States and internationally. The company operates in two segments, Enterprise Solutions and Industrial Solutions segments. The Enterprise Solutions segment offers copper cable and connectivity solutions, fiber cable and connectivity solutions, and racks and enclosures for use in applications, such as local area networks, data centers, access control, and building automation, as well as live production and performance, video display and digital signage, and corporate communications.
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