13,794 Shares in Belden Inc. (NYSE:BDC) Purchased by Edgestream Partners L.P.

Edgestream Partners L.P. purchased a new stake in Belden Inc. (NYSE:BDC) in the 4th quarter, Holdings Channel reports. The firm purchased 13,794 shares of the industrial products company’s stock, valued at approximately $1,553,000.

A number of other institutional investors and hedge funds also recently modified their holdings of BDC. Ashton Thomas Private Wealth LLC boosted its position in shares of Belden by 5.4% in the fourth quarter. Ashton Thomas Private Wealth LLC now owns 2,277 shares of the industrial products company’s stock worth $257,000 after acquiring an additional 116 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of Belden in the 4th quarter valued at $6,301,000. Arizona State Retirement System boosted its holdings in shares of Belden by 1.1% in 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 purchasing an additional 129 shares during the last quarter. Proficio Capital Partners LLC purchased a new stake in shares of Belden during the 4th quarter valued at $2,841,000. Finally, Parkside Financial Bank & Trust increased its holdings in shares of Belden by 31.3% during the 4th quarter. Parkside Financial Bank & Trust now owns 835 shares of the industrial products company’s stock worth $94,000 after buying an additional 199 shares during the last quarter. Institutional investors and hedge funds own 98.75% of the company’s stock.

Insider Transactions at Belden

In related news, SVP Leah Tate sold 2,400 shares of the business’s stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $114.77, for a total value of $275,448.00. Following the transaction, the senior vice president now owns 23,243 shares in the company, valued at approximately $2,667,599.11. The trade was a 9.36 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Gregory James Mccray sold 4,200 shares of the firm’s stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $105.21, for a total value of $441,882.00. Following the sale, the director now owns 4,199 shares of the company’s stock, valued at approximately $441,776.79. This trade represents a 50.01 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 23,428 shares of company stock valued at $2,589,774. Corporate insiders own 1.59% of the company’s stock.

Belden Stock Down 3.2 %

Shares of NYSE BDC opened at $101.11 on Tuesday. The stock has a fifty day moving average price of $113.62 and a 200 day moving average price of $115.03. The company has a current ratio of 1.92, a quick ratio of 1.37 and a debt-to-equity ratio of 0.87. Belden Inc. has a 12-month low of $80.90 and a 12-month high of $131.82. The company has a market cap of $4.07 billion, a P/E ratio of 21.02 and a beta of 1.02.

Belden (NYSE:BDC) last posted its earnings results on Thursday, February 6th. The industrial products company reported $1.92 earnings per share (EPS) for the quarter, beating 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%. Research analysts anticipate that Belden Inc. will post 7.07 EPS for the current fiscal year.

Belden Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Loop Capital reduced their target price on Belden from $155.00 to $145.00 and set a “buy” rating on the stock in a report on Tuesday, February 11th. StockNews.com raised Belden from a “buy” rating to a “strong-buy” rating in a research note on Monday, February 10th. Finally, Benchmark reiterated a “buy” rating and set a $130.00 target price 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 given a strong buy rating to the company. According to MarketBeat, Belden presently has a consensus rating of “Buy” and a consensus target price 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.