Blue Trust Inc. Sells 141 Shares of Belden Inc. (NYSE:BDC)

Blue Trust Inc. decreased its holdings in Belden Inc. (NYSE:BDC) by 8.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,550 shares of the industrial products company’s stock after selling 141 shares during the quarter. Blue Trust Inc.’s holdings in Belden were worth $175,000 as of its most recent SEC filing.

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

Belden Price Performance

BDC stock opened at $113.62 on Friday. Belden Inc. has a 52-week low of $78.64 and a 52-week high of $131.82. The business has a 50-day simple moving average of $115.72 and a two-hundred day simple moving average of $114.13. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.37 and a current ratio of 1.92. The company has a market capitalization of $4.58 billion, a P/E ratio of 23.62 and a beta of 1.08.

Belden (NYSE:BDC) last released its quarterly earnings data on Thursday, February 6th. The industrial products company reported $1.92 earnings per share for the quarter, beating analysts’ consensus estimates of $1.68 by $0.24. Belden had a net margin of 8.06% and a return on equity of 21.42%. Research analysts expect that Belden Inc. will post 7.07 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on BDC shares. StockNews.com raised Belden from a “buy” rating to a “strong-buy” rating in a research report on Monday, February 10th. Truist Financial increased their price target on Belden from $124.00 to $136.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Benchmark reiterated a “buy” rating and issued a $130.00 price target on shares of Belden in a research note on Monday, February 10th. Finally, Loop Capital lowered their target price on Belden from $155.00 to $145.00 and set a “buy” rating for the company in a research report on Tuesday, February 11th. Four investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $130.25.

Insider Activity

In related news, SVP Leah Tate sold 2,400 shares of the company’s stock in a transaction on Friday, February 7th. The shares were sold at an average price of $114.77, for a total value of $275,448.00. Following the completion of the transaction, the senior vice president now directly owns 23,243 shares in the company, valued at approximately $2,667,599.11. The trade was a 9.36 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.59% of the company’s stock.

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.