Belden Inc. (NYSE:BDC) Shares Purchased by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. increased its holdings in shares of Belden Inc. (NYSE:BDC) by 1.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 33,877 shares of the industrial products company’s stock after acquiring an additional 372 shares during the period. Harbor Capital Advisors Inc.’s holdings in Belden were worth $3,815,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of BDC. FMR LLC boosted its holdings in Belden by 14.8% during the third quarter. FMR LLC now owns 4,486,337 shares of the industrial products company’s stock worth $525,485,000 after buying an additional 576,768 shares in the last quarter. Foundry Partners LLC purchased a new stake in shares of Belden during the 3rd quarter worth approximately $11,814,000. State Street Corp grew its holdings in shares of Belden by 6.8% in the 3rd quarter. State Street Corp now owns 1,574,784 shares of the industrial products company’s stock worth $184,532,000 after acquiring an additional 100,145 shares during the period. International Assets Investment Management LLC purchased a new position in Belden in the 3rd quarter valued at approximately $82,320,000. Finally, Lord Abbett & CO. LLC raised its holdings in Belden by 10.6% during the third quarter. Lord Abbett & CO. LLC now owns 708,092 shares of the industrial products company’s stock worth $82,939,000 after purchasing an additional 68,151 shares during the last quarter. Hedge funds and other institutional investors own 98.75% of the company’s stock.

Insider Transactions at Belden

In other Belden news, CAO Doug Zink sold 3,000 shares of the business’s stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $128.82, for a total transaction of $386,460.00. Following the completion of the sale, the chief accounting officer now directly owns 6,643 shares in the company, valued at $855,751.26. The trade was a 31.11 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.59% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Benchmark lifted their price target on Belden from $120.00 to $130.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Truist Financial lifted their target price on shares of Belden from $124.00 to $136.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $122.75.

Belden Price Performance

Belden stock opened at $113.85 on Friday. The stock has a market capitalization of $4.59 billion, a P/E ratio of 26.48 and a beta of 1.09. Belden Inc. has a 12-month low of $71.20 and a 12-month high of $131.82. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.07 and a quick ratio of 1.43. The firm’s 50-day moving average is $119.36 and its two-hundred day moving average is $109.47.

Belden (NYSE:BDC) last issued its quarterly earnings results on Thursday, October 31st. The industrial products company reported $1.70 earnings per share for the quarter, beating the consensus estimate of $1.61 by $0.09. Belden had a return on equity of 20.55% and a net margin of 7.61%. The company had revenue of $654.90 million during the quarter, compared to the consensus estimate of $643.63 million. During the same period in the previous year, the firm posted $1.78 EPS. Belden’s revenue was up 4.5% on a year-over-year basis. Equities analysts predict that Belden Inc. will post 6.12 earnings per share for the current year.

Belden Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, December 12th were paid a dividend of $0.05 per share. The ex-dividend date was Thursday, December 12th. This represents a $0.20 annualized dividend and a dividend yield of 0.18%. Belden’s dividend payout ratio is presently 4.65%.

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.