Los Angeles Capital Management & Equity Research Inc. purchased a new position in shares of Belden Inc (NYSE:BDC) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 5,917 shares of the industrial products company’s stock, valued at approximately $476,000.

Several other large investors also recently bought and sold shares of the business. New York State Common Retirement Fund increased its position in shares of Belden by 0.7% during the 3rd quarter. New York State Common Retirement Fund now owns 109,891 shares of the industrial products company’s stock worth $8,850,000 after purchasing an additional 809 shares during the last quarter. FDx Advisors Inc. acquired a new position in shares of Belden during the 3rd quarter worth approximately $305,000. Global X MANAGEMENT CO LLC increased its position in shares of Belden by 14.7% during the 3rd quarter. Global X MANAGEMENT CO LLC now owns 18,617 shares of the industrial products company’s stock worth $1,499,000 after purchasing an additional 2,390 shares during the last quarter. Boston Partners increased its position in shares of Belden by 231.9% during the 3rd quarter. Boston Partners now owns 2,264,337 shares of the industrial products company’s stock worth $182,347,000 after purchasing an additional 1,582,031 shares during the last quarter. Finally, State of Tennessee Treasury Department increased its position in shares of Belden by 12.5% during the 3rd quarter. State of Tennessee Treasury Department now owns 90,000 shares of the industrial products company’s stock worth $7,248,000 after purchasing an additional 10,000 shares during the last quarter.

Belden Inc (BDC) opened at $84.10 on Friday. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.79 and a current ratio of 2.26. The firm has a market capitalization of $3,550.00, a P/E ratio of 16.54 and a beta of 2.26. Belden Inc has a 1-year low of $64.60 and a 1-year high of $86.85.

Belden (NYSE:BDC) last posted its earnings results on Wednesday, November 1st. The industrial products company reported $1.49 earnings per share for the quarter, topping analysts’ consensus estimates of $1.41 by $0.08. The business had revenue of $621.74 million for the quarter, compared to analyst estimates of $626.05 million. Belden had a return on equity of 17.52% and a net margin of 4.03%. The firm’s revenue was up 3.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.29 EPS. analysts anticipate that Belden Inc will post 5.52 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 4th. Shareholders of record on Friday, December 15th will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.24%. The ex-dividend date is Thursday, December 14th. Belden’s dividend payout ratio is 13.89%.

In other Belden news, Chairman John S. Stroup sold 17,227 shares of the company’s stock in a transaction on Monday, October 9th. The stock was sold at an average price of $84.75, for a total value of $1,459,988.25. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Paul Keith Turner sold 3,709 shares of the company’s stock in a transaction on Friday, September 15th. The shares were sold at an average price of $78.91, for a total value of $292,677.19. Following the completion of the transaction, the senior vice president now directly owns 4,967 shares in the company, valued at $391,945.97. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 21,230 shares of company stock worth $1,775,189. Insiders own 1.31% of the company’s stock.

Several research analysts have weighed in on BDC shares. Canaccord Genuity reaffirmed a “buy” rating and set a $83.00 price target on shares of Belden in a research report on Friday, August 4th. BidaskClub raised Belden from a “sell” rating to a “hold” rating in a report on Saturday, August 26th. ValuEngine raised Belden from a “hold” rating to a “buy” rating in a report on Monday, September 11th. Guggenheim reissued a “buy” rating and set a $90.00 target price on shares of Belden in a report on Monday, September 25th. Finally, Zacks Investment Research lowered Belden from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 3rd. Six equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $87.38.

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Belden Profile

Belden Inc is a signal transmission solutions provider company. The Company operates through five segment: Broadcast Solutions (Broadcast), Enterprise Connectivity Solutions (Enterprise), Industrial Connectivity Solutions (Industrial Connectivity), Industrial IT Solutions (Industrial IT), and Network Security Solutions (Network Security).

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Institutional Ownership by Quarter for Belden (NYSE:BDC)

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