Segall Bryant & Hamill LLC Cuts Position in Belden Inc. (NYSE:BDC)

Segall Bryant & Hamill LLC cut its stake in shares of Belden Inc. (NYSE:BDC) by 7.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 441,469 shares of the industrial products company’s stock after selling 34,883 shares during the quarter. Belden comprises approximately 0.7% of Segall Bryant & Hamill LLC’s portfolio, making the stock its 22nd biggest position. Segall Bryant & Hamill LLC’s holdings in Belden were worth $49,714,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Principal Securities Inc. raised its stake in Belden by 9.6% during the 4th quarter. Principal Securities Inc. now owns 1,202 shares of the industrial products company’s stock valued at $135,000 after buying an additional 105 shares during the last quarter. Ashton Thomas Private Wealth LLC lifted its position in shares of Belden by 5.4% during the 4th quarter. Ashton Thomas Private Wealth LLC now owns 2,277 shares of the industrial products company’s stock valued at $257,000 after buying an additional 116 shares in the last quarter. Arizona State Retirement System grew its stake in shares of Belden by 1.1% during the 4th quarter. Arizona State Retirement System now owns 11,843 shares of the industrial products company’s stock valued at $1,334,000 after acquiring an additional 129 shares during the period. Parkside Financial Bank & Trust increased its holdings in Belden by 31.3% in the 4th quarter. Parkside Financial Bank & Trust now owns 835 shares of the industrial products company’s stock worth $94,000 after acquiring an additional 199 shares in the last quarter. Finally, First Horizon Advisors Inc. raised its stake in Belden by 97.7% during the 3rd quarter. First Horizon Advisors Inc. now owns 423 shares of the industrial products company’s stock worth $50,000 after acquiring an additional 209 shares during the period. 98.75% of the stock is currently owned by institutional investors.

Insider Transactions at Belden

In related news, CEO Ashish Chand sold 14,535 shares of the firm’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $111.45, for a total value of $1,619,925.75. Following the completion of the sale, the chief executive officer now directly owns 107,129 shares in the company, valued at $11,939,527.05. This trade represents a 11.95 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Gregory James Mccray sold 4,200 shares of the business’s stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $105.21, for a total transaction of $441,882.00. Following the transaction, the director now owns 4,199 shares in the company, valued at $441,776.79. This trade represents a 50.01 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 23,428 shares of company stock worth $2,589,774 in the last three months. Insiders own 1.59% of the company’s stock.

Belden Trading Up 3.6 %

Shares of BDC stock opened at $105.42 on Tuesday. The company has a current ratio of 1.92, a quick ratio of 1.37 and a debt-to-equity ratio of 0.87. The stock has a market capitalization of $4.25 billion, a price-to-earnings ratio of 21.92 and a beta of 1.02. Belden Inc. has a 12-month low of $80.90 and a 12-month high of $131.82. The stock’s 50-day moving average price is $111.30 and its 200-day moving average price is $114.85.

Belden (NYSE:BDC) last issued its quarterly earnings data on Thursday, February 6th. The industrial products company reported $1.92 earnings per share (EPS) 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%. Equities research analysts predict that Belden Inc. will post 7.07 EPS for the current fiscal year.

Belden Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Thursday, March 13th will be paid a $0.05 dividend. The ex-dividend date is Thursday, March 13th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.19%. Belden’s payout ratio is currently 4.16%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on BDC. Loop Capital lowered their target price on shares of Belden from $155.00 to $145.00 and set a “buy” rating on the stock in a research note on Tuesday, February 11th. StockNews.com upgraded Belden from a “buy” rating to a “strong-buy” rating in a research report on Monday, February 10th. Finally, Benchmark reissued a “buy” rating and issued a $130.00 price target on shares of Belden in a 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. Based on data from MarketBeat, Belden currently has a consensus rating of “Buy” and an average price target of $130.25.

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.