Belden Inc. (NYSE:BDC) Shares Sold by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System trimmed its stake in shares of Belden Inc. (NYSE:BDC) by 0.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 11,200 shares of the industrial products company’s stock after selling 100 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Belden were worth $1,261,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Entropy Technologies LP acquired a new stake in shares of Belden during the 4th quarter worth approximately $270,000. Foster & Motley Inc. raised its position in shares of Belden by 3.3% during the 4th quarter. Foster & Motley Inc. now owns 39,948 shares of the industrial products company’s stock worth $4,499,000 after purchasing an additional 1,273 shares during the period. Nilsine Partners LLC raised its position in shares of Belden by 3.9% during the 4th quarter. Nilsine Partners LLC now owns 34,879 shares of the industrial products company’s stock worth $3,928,000 after purchasing an additional 1,315 shares during the period. Pacer Advisors Inc. raised its position in shares of Belden by 4.4% during the 4th quarter. Pacer Advisors Inc. now owns 6,973 shares of the industrial products company’s stock worth $785,000 after purchasing an additional 295 shares during the period. Finally, KBC Group NV raised its position in shares of Belden by 1,796.3% during the 4th quarter. KBC Group NV now owns 23,912 shares of the industrial products company’s stock worth $2,693,000 after purchasing an additional 22,651 shares during the period. 98.75% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Belden

In other Belden news, SVP Leah Tate sold 2,400 shares of the company’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 directly owns 23,243 shares in the company, valued at $2,667,599.11. This represents a 9.36 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.59% of the stock is currently owned by insiders.

Belden Stock Performance

Shares of NYSE:BDC opened at $114.69 on Monday. The company’s 50 day moving average price is $116.32 and its two-hundred day moving average price is $113.92. Belden Inc. has a 12-month low of $78.64 and a 12-month high of $131.82. The firm has a market cap of $4.63 billion, a PE ratio of 23.84 and a beta of 1.08. The company has a quick ratio of 1.43, a current ratio of 1.92 and a debt-to-equity ratio of 0.87.

Belden (NYSE:BDC) last posted its quarterly earnings results 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 net margin of 8.06% and a return on equity of 21.42%. Equities research analysts predict that Belden Inc. will post 7.76 earnings per share for the current year.

Belden Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, December 12th were issued a dividend of $0.05 per share. The ex-dividend date of this dividend was Thursday, December 12th. This represents a $0.20 annualized dividend and a dividend yield of 0.17%. Belden’s dividend payout ratio is currently 4.16%.

Analysts Set New Price Targets

BDC has been the subject of a number of research reports. Loop Capital decreased their price target on Belden from $155.00 to $145.00 and set a “buy” rating for the company in a research note on Tuesday, February 11th. Truist Financial lifted their price objective on Belden from $124.00 to $136.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Benchmark reaffirmed a “buy” rating and set a $130.00 price objective on shares of Belden in a report on Monday, February 10th. Finally, StockNews.com upgraded shares of Belden from a “buy” rating to a “strong-buy” rating in a research note on Monday, February 10th. Four analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock 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.