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 value of $234,190.00. Following the transaction, the director now owns 9,968 shares in the company, valued at approximately $1,096,480. This represents a 17.60 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Belden Stock Up 2.8 %

Shares of NYSE:BDC opened at $110.11 on Friday. The firm has a market capitalization of $4.43 billion, a P/E ratio of 22.89 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 $114.79 and a 200-day moving average price of $114.88. Belden Inc. has a 52-week low of $80.90 and a 52-week high of $131.82.

Belden (NYSE:BDC) last posted its quarterly earnings data on Thursday, February 6th. The industrial products company reported $1.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Thursday, March 13th will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.18%. The ex-dividend date of this dividend is Thursday, March 13th. Belden’s payout ratio is currently 4.16%.

Institutional Investors Weigh In On Belden

A number of institutional investors have recently modified their holdings of the stock. Aster Capital Management DIFC Ltd purchased a new position in shares of Belden in the 4th quarter worth about $26,000. Prospera Private Wealth LLC bought a new stake in Belden during the 3rd quarter valued at about $33,000. Quarry LP raised its holdings in Belden by 208.7% in the fourth quarter. Quarry LP now owns 392 shares of the industrial products company’s stock worth $44,000 after buying an additional 265 shares during the last quarter. First Horizon Advisors Inc. lifted its stake in shares of Belden by 97.7% in the third quarter. First Horizon Advisors Inc. now owns 423 shares of the industrial products company’s stock worth $50,000 after buying an additional 209 shares in the last quarter. Finally, Public Employees Retirement System of Ohio purchased a new stake in shares of Belden during the fourth quarter valued at approximately $61,000. 98.75% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

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.