4,362 Shares in Belden Inc. (NYSE:BDC) Acquired by Sanctuary Advisors LLC

Sanctuary Advisors LLC acquired a new position in Belden Inc. (NYSE:BDC) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 4,362 shares of the industrial products company’s stock, valued at approximately $409,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Opal Wealth Advisors LLC purchased a new position in shares of Belden in the 2nd quarter valued at $28,000. Whittier Trust Co. increased its holdings in shares of Belden by 662.2% in the 1st quarter. Whittier Trust Co. now owns 343 shares of the industrial products company’s stock valued at $32,000 after acquiring an additional 298 shares during the period. Rise Advisors LLC purchased a new position in shares of Belden in the 1st quarter valued at $32,000. Innealta Capital LLC purchased a new position in shares of Belden in the 2nd quarter valued at $95,000. Finally, Covestor Ltd increased its holdings in shares of Belden by 33.9% in the 1st quarter. Covestor Ltd now owns 1,166 shares of the industrial products company’s stock valued at $108,000 after acquiring an additional 295 shares during the period. Institutional investors own 98.75% of the company’s stock.

Wall Street Analyst Weigh In

BDC has been the topic of a number of analyst reports. Vertical Research initiated coverage on Belden in a report on Tuesday, July 23rd. They issued a “buy” rating and a $110.00 price target on the stock. Benchmark lifted their price target on Belden from $115.00 to $120.00 and gave the company a “buy” rating in a report on Wednesday, September 18th. Finally, Truist Financial lifted their price target on Belden from $123.00 to $124.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $112.00.

Belden Stock Up 1.5 %

Shares of BDC stock opened at $120.47 on Thursday. Belden Inc. has a 1-year low of $60.54 and a 1-year high of $123.03. The stock’s fifty day moving average price is $108.11 and its 200 day moving average price is $97.57. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.70 and a quick ratio of 1.25. The company has a market cap of $4.90 billion, a price-to-earnings ratio of 23.58 and a beta of 1.07.

Belden (NYSE:BDC) last announced its earnings results on Thursday, August 1st. The industrial products company reported $1.51 earnings per share for the quarter, topping the consensus estimate of $1.37 by $0.14. Belden had a return on equity of 21.13% and a net margin of 8.51%. The firm had revenue of $604.34 million for the quarter, compared to the consensus estimate of $574.32 million. During the same period in the previous year, the business earned $1.91 EPS. The firm’s revenue for the quarter was down 12.7% on a year-over-year basis. On average, research analysts expect that Belden Inc. will post 6.04 earnings per share for the current fiscal year.

Belden Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 8th. Shareholders of record on Thursday, September 12th were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Thursday, September 12th. This represents a $0.20 dividend on an annualized basis and a yield of 0.17%. Belden’s dividend payout ratio is currently 3.91%.

Insiders Place Their Bets

In other Belden news, SVP Brian Edward Anderson sold 1,262 shares of Belden stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $96.79, for a total transaction of $122,148.98. Following the completion of the sale, the senior vice president now owns 39,385 shares of the company’s stock, valued at approximately $3,812,074.15. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Belden news, SVP Brian Edward Anderson sold 1,262 shares of Belden stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $96.79, for a total transaction of $122,148.98. Following the completion of the sale, the senior vice president now owns 39,385 shares of the company’s stock, valued at approximately $3,812,074.15. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Nancy E. Calderon sold 2,500 shares of Belden stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $95.98, for a total value of $239,950.00. Following the sale, the director now directly owns 6,954 shares of the company’s stock, valued at approximately $667,444.92. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 10,318 shares of company stock valued at $1,020,715. 1.59% of the stock is owned by company insiders.

Belden 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.