Livforsakringsbolaget Skandia Omsesidigt purchased a new position in Belden Inc (NYSE:BDC – Free Report) in the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 19,600 shares of the industrial products company’s stock, valued at approximately $2,285,000.
Other institutional investors also recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd lifted its position in Belden by 12,950.0% in the third quarter. Caitong International Asset Management Co. Ltd now owns 261 shares of the industrial products company’s stock worth $31,000 after buying an additional 259 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in Belden by 134.1% in the second quarter. EverSource Wealth Advisors LLC now owns 288 shares of the industrial products company’s stock worth $33,000 after buying an additional 165 shares during the last quarter. Smartleaf Asset Management LLC lifted its position in Belden by 234.3% in the third quarter. Smartleaf Asset Management LLC now owns 331 shares of the industrial products company’s stock worth $40,000 after buying an additional 232 shares during the last quarter. Hantz Financial Services Inc. lifted its position in shares of Belden by 152.5% during the third quarter. Hantz Financial Services Inc. now owns 457 shares of the industrial products company’s stock worth $55,000 after purchasing an additional 276 shares during the last quarter. Finally, Torren Management LLC bought a new stake in shares of Belden during the fourth quarter worth $62,000. 98.75% of the stock is currently owned by institutional investors.
Belden Stock Up 0.0%
NYSE:BDC opened at $110.63 on Friday. Belden Inc has a twelve month low of $101.00 and a twelve month high of $159.99. The company has a market cap of $4.31 billion, a price-to-earnings ratio of 18.62 and a beta of 1.14. The stock has a fifty day simple moving average of $116.44 and a 200-day simple moving average of $120.92. The company has a current ratio of 2.09, a quick ratio of 1.40 and a debt-to-equity ratio of 0.98.
Belden Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 9th. Investors of record on Tuesday, June 16th will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.2%. The ex-dividend date is Tuesday, June 16th. Belden’s payout ratio is presently 3.37%.
Analysts Set New Price Targets
Several analysts have recently weighed in on BDC shares. Benchmark lifted their target price on Belden from $145.00 to $175.00 and gave the stock a “buy” rating in a research report on Friday, February 13th. Weiss Ratings downgraded Belden from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, April 6th. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $162.50.
Belden Profile
Belden, formerly Belden Inc (NYSE:BDC), was a global provider of signal transmission solutions for demanding applications. The company produced a wide range of copper and fiber optic cables, connectors, patch panels, cable assemblies, and surge protection devices. Its portfolio extended into networking and security hardware, including managed switches, industrial routers, and software tools for remote monitoring and network management.
Founded in 1902 and headquartered in St. Louis, Missouri, Belden built its reputation on delivering high‐performance, reliable products for harsh environments.
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