Belden Inc. (NYSE:BDC) Shares Purchased by Schechter Investment Advisors LLC

Schechter Investment Advisors LLC boosted its holdings in Belden Inc. (NYSE:BDC) by 36.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 16,071 shares of the industrial products company’s stock after acquiring an additional 4,260 shares during the period. Schechter Investment Advisors LLC’s holdings in Belden were worth $1,241,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in BDC. FMR LLC lifted its holdings in Belden by 1,365.5% in the third quarter. FMR LLC now owns 1,026,156 shares of the industrial products company’s stock valued at $99,075,000 after acquiring an additional 956,136 shares during the last quarter. Envestnet Asset Management Inc. raised its position in Belden by 1,283.9% in the first quarter. Envestnet Asset Management Inc. now owns 488,729 shares of the industrial products company’s stock valued at $3,442,000 after purchasing an additional 453,414 shares during the period. Norges Bank purchased a new stake in Belden in the fourth quarter valued at approximately $30,822,000. BlackRock Inc. raised its position in Belden by 8.0% in the first quarter. BlackRock Inc. now owns 5,317,303 shares of the industrial products company’s stock valued at $461,382,000 after purchasing an additional 392,689 shares during the period. Finally, Macquarie Group Ltd. raised its position in Belden by 76.0% in the first quarter. Macquarie Group Ltd. now owns 428,491 shares of the industrial products company’s stock valued at $37,180,000 after purchasing an additional 184,997 shares during the period. 98.75% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have issued reports on the company. StockNews.com raised Belden from a “hold” rating to a “buy” rating in a research report on Wednesday, December 13th. Truist Financial boosted their target price on Belden from $89.00 to $98.00 and gave the company a “buy” rating in a research report on Friday, February 9th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $102.25.

Insider Buying and Selling at Belden

In other news, EVP Brian Lieser sold 2,056 shares of the stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $82.30, for a total transaction of $169,208.80. Following the completion of the sale, the executive vice president now owns 21,772 shares in the company, valued at $1,791,835.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.42% of the stock is currently owned by insiders.

Belden Stock Performance

NYSE:BDC opened at $93.20 on Thursday. The firm has a market capitalization of $3.83 billion, a PE ratio of 16.47 and a beta of 1.03. The business’s fifty day moving average price is $82.91 and its 200 day moving average price is $79.54. The company has a debt-to-equity ratio of 1.03, a current ratio of 2.30 and a quick ratio of 1.72. Belden Inc. has a 12 month low of $60.54 and a 12 month high of $99.13.

Belden (NYSE:BDC) last posted its earnings results on Thursday, February 8th. The industrial products company reported $1.46 EPS for the quarter, beating the consensus estimate of $1.12 by $0.34. Belden had a return on equity of 25.11% and a net margin of 9.66%. The firm had revenue of $551.24 million for the quarter, compared to analyst estimates of $522.06 million. During the same quarter in the prior year, the company posted $1.75 earnings per share. Belden’s revenue for the quarter was down 16.4% compared to the same quarter last year. On average, sell-side analysts anticipate that Belden Inc. will post 5.33 earnings per share for the current fiscal year.

Belden Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 9th. Shareholders of record on Thursday, March 14th will be paid a $0.05 dividend. The ex-dividend date is Wednesday, March 13th. This represents a $0.20 annualized dividend and a yield of 0.21%. Belden’s dividend payout ratio is presently 3.53%.

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.