Jonathan C. Klein Sells 2,129 Shares of Belden Inc. (NYSE:BDC) Stock

Belden Inc. (NYSE:BDC) Director Jonathan C. Klein sold 2,129 shares of the business’s stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $110.00, for a total transaction of $234,190.00. Following the completion of the transaction, the director now owns 9,968 shares in the company, valued at $1,096,480. The trade was a 17.60 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Belden Stock Down 2.0 %

Shares of NYSE:BDC opened at $107.06 on Friday. The firm has a market capitalization of $4.31 billion, a P/E ratio of 22.26 and a beta of 1.08. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.37 and a current ratio of 1.92. The stock has a 50 day moving average price of $114.86 and a 200-day moving average price of $114.65. Belden Inc. has a 52-week low of $80.90 and a 52-week high of $131.82.

Belden (NYSE:BDC) last issued its quarterly earnings results on Thursday, February 6th. The industrial products company reported $1.92 earnings per share for the quarter, topping 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%. As a group, equities research analysts anticipate that Belden Inc. will post 7.07 EPS for the current fiscal year.

Belden Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Thursday, March 13th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.19%. Belden’s dividend payout ratio (DPR) is currently 4.16%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Truist Financial boosted their price target on Belden from $124.00 to $136.00 and gave the company a “buy” rating in a report on Friday, November 1st. Loop Capital reduced 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 reaffirmed a “buy” rating and issued a $130.00 price target on shares of Belden in a research note on Monday, February 10th. Finally, StockNews.com raised shares of Belden from a “buy” rating to a “strong-buy” rating in a research report on Monday, February 10th. Four research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $130.25.

Institutional Investors Weigh In On Belden

Several hedge funds have recently bought and sold shares of BDC. FMR LLC lifted its holdings in shares of Belden by 5.0% during the fourth quarter. FMR LLC now owns 4,710,224 shares of the industrial products company’s stock valued at $530,418,000 after purchasing an additional 223,887 shares during the last quarter. State Street Corp lifted its stake in shares of Belden by 6.8% in the third quarter. State Street Corp now owns 1,574,784 shares of the industrial products company’s stock worth $184,532,000 after buying an additional 100,145 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Belden by 0.6% during the third quarter. Geode Capital Management LLC now owns 960,974 shares of the industrial products company’s stock valued at $112,580,000 after buying an additional 5,727 shares during the last quarter. Lord Abbett & CO. LLC increased its position in shares of Belden by 0.5% during the fourth quarter. Lord Abbett & CO. LLC now owns 711,784 shares of the industrial products company’s stock valued at $80,154,000 after acquiring an additional 3,692 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD raised its holdings in Belden by 2.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 695,396 shares of the industrial products company’s stock worth $78,309,000 after acquiring an additional 18,825 shares during the last quarter. Institutional investors own 98.75% 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.