Charles Schwab Investment Management Inc. Has $55.23 Million Stake in Belden Inc. (NYSE:BDC)

Charles Schwab Investment Management Inc. cut its holdings in Belden Inc. (NYSE:BDC) by 0.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 490,491 shares of the industrial products company’s stock after selling 1,854 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 1.22% of Belden worth $55,234,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BDC. Parkside Financial Bank & Trust boosted its holdings in Belden by 31.3% during the fourth 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. Proficio Capital Partners LLC bought a new stake in Belden in the 4th quarter valued at $2,841,000. Oppenheimer Asset Management Inc. lifted its position in shares of Belden by 1.2% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 17,706 shares of the industrial products company’s stock valued at $1,994,000 after acquiring an additional 212 shares during the period. First Horizon Advisors Inc. raised its holdings in shares of Belden by 49.9% during the 4th quarter. First Horizon Advisors Inc. now owns 634 shares of the industrial products company’s stock worth $71,000 after buying an additional 211 shares in the last quarter. Finally, Navellier & Associates Inc. acquired a new position in shares of Belden during the 4th quarter worth $227,000. 98.75% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

BDC has been the subject of a number of recent research reports. StockNews.com raised Belden from a “buy” rating to a “strong-buy” rating in a report on Monday, February 10th. Benchmark reaffirmed a “buy” rating and set a $130.00 price target on shares of Belden in a research report on Monday, February 10th. Finally, Loop Capital cut their price target on Belden from $155.00 to $145.00 and set a “buy” rating for the company in a report on Tuesday, February 11th. Four equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Belden has an average rating of “Buy” and an average target price of $130.25.

Insider Transactions at Belden

In other Belden news, SVP Leah Tate sold 2,400 shares of the business’s stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $114.77, for a total transaction of $275,448.00. Following the completion of the transaction, the senior vice president now owns 23,243 shares in the company, valued at $2,667,599.11. The trade was a 9.36 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Ashish Chand sold 14,535 shares of the business’s stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $111.45, for a total value of $1,619,925.75. Following the transaction, the chief executive officer now owns 107,129 shares of the company’s stock, valued at $11,939,527.05. This trade represents a 11.95 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 23,428 shares of company stock worth $2,589,774 in the last three months. Corporate insiders own 1.59% of the company’s stock.

Belden Stock Down 2.1 %

BDC opened at $99.57 on Friday. 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 $4.01 billion, a P/E ratio of 20.70 and a beta of 1.02. 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 business’s 50-day moving average price is $113.19 and its 200-day moving average price is $114.91.

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

Belden Dividend Announcement

The business 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 $0.05 dividend. The ex-dividend date is Thursday, March 13th. This represents a $0.20 annualized dividend and a dividend yield of 0.20%. Belden’s dividend payout ratio (DPR) is 4.16%.

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.