Dimensional Fund Advisors LP Sells 1,122 Shares of Belden Inc. (NYSE:BDC)

Dimensional Fund Advisors LP decreased its position in Belden Inc. (NYSE:BDC) by 0.1% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,468,963 shares of the industrial products company’s stock after selling 1,122 shares during the quarter. Dimensional Fund Advisors LP owned about 3.61% of Belden worth $137,786,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in BDC. Opal Wealth Advisors LLC bought a new stake in shares of Belden in the 2nd quarter valued at approximately $28,000. Rise Advisors LLC bought a new stake in shares of Belden in the 1st quarter valued at approximately $32,000. Whittier Trust Co. grew its stake 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 buying an additional 298 shares in the last quarter. Quadrant Capital Group LLC lifted its holdings in Belden by 41.7% in the 4th quarter. Quadrant Capital Group LLC now owns 829 shares of the industrial products company’s stock worth $64,000 after purchasing an additional 244 shares during the last quarter. Finally, TFO Wealth Partners LLC lifted its holdings in Belden by 33,500.0% in the 4th quarter. TFO Wealth Partners LLC now owns 1,008 shares of the industrial products company’s stock worth $78,000 after purchasing an additional 1,005 shares during the last quarter. Institutional investors own 98.75% of the company’s stock.

Insider Activity at Belden

In related news, EVP Brian Lieser sold 819 shares of the company’s stock in a transaction on Wednesday, July 10th. The stock was sold at an average price of $91.26, for a total value of $74,741.94. Following the completion of the transaction, the executive vice president now directly owns 21,031 shares in the company, valued at $1,919,289.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Belden news, EVP Brian Lieser sold 819 shares of the company’s stock in a transaction on Wednesday, July 10th. The stock was sold at an average price of $91.26, for a total value of $74,741.94. Following the sale, the executive vice president now directly owns 21,031 shares in the company, valued at $1,919,289.06. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Brian Edward Anderson sold 6,556 shares of the company’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $100.46, for a total value of $658,615.76. Following the completion of the sale, the senior vice president now owns 32,829 shares in the company, valued at $3,298,001.34. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 11,137 shares of company stock worth $1,095,457. 1.59% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Benchmark boosted their target price on Belden from $115.00 to $120.00 and gave the stock a “buy” rating in a report on Wednesday. Truist Financial boosted their target price on Belden from $123.00 to $124.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. StockNews.com upgraded Belden from a “hold” rating to a “buy” rating in a report on Monday, June 17th. Finally, Vertical Research began coverage on Belden in a report on Tuesday, July 23rd. They issued a “buy” rating and a $110.00 target price for the company. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $112.50.

Belden Stock Up 2.1 %

Shares of BDC stock opened at $112.43 on Friday. Belden Inc. has a 12 month low of $60.54 and a 12 month high of $112.87. The firm has a market cap of $4.57 billion, a PE ratio of 22.00 and a beta of 1.07. The stock has a 50 day moving average of $99.95 and a 200-day moving average of $94.10. The company has a quick ratio of 1.25, a current ratio of 1.70 and a debt-to-equity ratio of 0.95.

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

Belden Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 8th. Investors of record on Thursday, September 12th will be paid a $0.05 dividend. The ex-dividend date is Thursday, September 12th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.18%. Belden’s payout ratio is 3.91%.

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.