Kesler Norman & Wride LLC Purchases 4,489 Shares of Belden Inc. (NYSE:BDC)

Kesler Norman & Wride LLC lifted its position in shares of Belden Inc. (NYSE:BDC) by 77.1% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,310 shares of the industrial products company’s stock after purchasing an additional 4,489 shares during the quarter. Kesler Norman & Wride LLC’s holdings in Belden were worth $1,208,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in BDC. Wellington Management Group LLP grew its holdings in Belden by 17.9% in the fourth quarter. Wellington Management Group LLP now owns 985,282 shares of the industrial products company’s stock worth $76,113,000 after purchasing an additional 149,263 shares during the period. F M Investments LLC purchased a new stake in shares of Belden in the 2nd quarter worth approximately $12,659,000. Public Employees Retirement Association of Colorado increased its position in Belden by 1,724.8% during the 1st quarter. Public Employees Retirement Association of Colorado now owns 104,214 shares of the industrial products company’s stock valued at $9,651,000 after buying an additional 98,503 shares in the last quarter. Hotchkis & Wiley Capital Management LLC raised its stake in Belden by 13.5% during the fourth quarter. Hotchkis & Wiley Capital Management LLC now owns 611,585 shares of the industrial products company’s stock valued at $47,245,000 after buying an additional 72,775 shares during the last quarter. Finally, Southernsun Asset Management LLC raised its stake in Belden by 15.3% during the fourth quarter. Southernsun Asset Management LLC now owns 534,618 shares of the industrial products company’s stock valued at $41,299,000 after buying an additional 71,118 shares during the last quarter. 98.75% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, SVP Brian Edward Anderson sold 6,556 shares of the firm’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $100.46, for a total transaction of $658,615.76. Following the sale, the senior vice president now directly owns 32,829 shares in the company, valued at $3,298,001.34. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Belden news, Director Nancy E. Calderon sold 2,500 shares of the stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $95.98, for a total transaction of $239,950.00. Following the completion of the sale, the director now directly owns 6,954 shares of the company’s stock, valued at $667,444.92. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Brian Edward Anderson sold 6,556 shares of the business’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $100.46, for a total transaction of $658,615.76. Following the completion of the transaction, the senior vice president now directly owns 32,829 shares in the company, valued at $3,298,001.34. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 11,137 shares of company stock worth $1,095,457. Company insiders own 1.59% of the company’s stock.

Belden Price Performance

Shares of NYSE:BDC opened at $117.45 on Tuesday. The firm’s 50 day moving average price is $104.75 and its 200-day moving average price is $96.29. The company has a quick ratio of 1.25, a current ratio of 1.70 and a debt-to-equity ratio of 0.95. The stock has a market capitalization of $4.78 billion, a PE ratio of 22.98 and a beta of 1.07. Belden Inc. has a twelve month low of $60.54 and a twelve month high of $118.41.

Belden (NYSE:BDC) last posted its quarterly earnings data on Thursday, August 1st. The industrial products company reported $1.51 EPS for the quarter, topping the consensus estimate of $1.37 by $0.14. The firm 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 business posted $1.91 EPS. Equities research analysts expect that Belden Inc. will post 6.04 EPS for the current year.

Belden Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 8th. Investors of record on Thursday, September 12th will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Thursday, September 12th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.17%. Belden’s dividend payout ratio (DPR) is presently 3.91%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Vertical Research initiated coverage on Belden in a research report on Tuesday, July 23rd. They issued a “buy” rating and a $110.00 price target for the company. StockNews.com upgraded Belden from a “hold” rating to a “buy” rating in a research note on Monday, June 17th. Truist Financial increased their price objective on Belden from $123.00 to $124.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Finally, Benchmark upped their target price on shares of Belden from $115.00 to $120.00 and gave the company a “buy” rating in a research note on Wednesday, September 18th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, Belden has an average rating of “Moderate Buy” and an average target price of $112.00.

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.