California State Teachers Retirement System reduced its position in shares of Belden Inc. (NYSE:BDC) by 9.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 67,400 shares of the industrial products company’s stock after selling 7,194 shares during the period. California State Teachers Retirement System owned 0.16% of Belden worth $5,428,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in BDC. Public Employees Retirement System of Ohio lifted its holdings in shares of Belden by 0.3% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 26,132 shares of the industrial products company’s stock worth $1,971,000 after acquiring an additional 90 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Belden by 10.1% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,744 shares of the industrial products company’s stock worth $132,000 after acquiring an additional 160 shares during the period. Ameritas Investment Partners Inc. lifted its holdings in shares of Belden by 1.3% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 16,272 shares of the industrial products company’s stock worth $1,227,000 after acquiring an additional 215 shares during the period. Amalgamated Bank lifted its holdings in shares of Belden by 5.4% during the 2nd quarter. Amalgamated Bank now owns 6,077 shares of the industrial products company’s stock worth $458,000 after acquiring an additional 312 shares during the period. Finally, New York State Common Retirement Fund lifted its holdings 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 acquiring an additional 809 shares during the period.

BDC has been the topic of several recent analyst reports. ValuEngine upgraded shares of Belden from a “hold” rating to a “buy” rating in a report on Monday, September 11th. Canaccord Genuity reiterated a “buy” rating and set a $88.00 price objective (up from $83.00) on shares of Belden in a report on Wednesday, September 13th. Guggenheim reiterated a “buy” rating and set a $90.00 price objective on shares of Belden in a report on Monday, September 25th. Zacks Investment Research lowered shares of Belden from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 3rd. Finally, TheStreet lowered shares of Belden from a “b” rating to a “c+” rating in a report on Wednesday, November 1st. Seven analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $89.50.

In related news, Chairman John S. Stroup sold 17,227 shares of the firm’s stock in a transaction that occurred on Monday, October 9th. The shares were sold at an average price of $84.75, for a total value of $1,459,988.25. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 1.31% of the company’s stock.

Belden Inc. (NYSE:BDC) opened at $77.17 on Tuesday. Belden Inc. has a 1-year low of $64.60 and a 1-year high of $86.85. The company has a debt-to-equity ratio of 1.06, a current ratio of 2.26 and a quick ratio of 1.79. The company has a market cap of $3,360.00, a P/E ratio of 53.59 and a beta of 2.26.

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

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 4th. Investors of record on Friday, December 15th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $0.20 annualized dividend and a yield of 0.26%. Belden’s payout ratio is 13.89%.

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About Belden

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).

Institutional Ownership by Quarter for Belden (NYSE:BDC)

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