Belden Inc. (NYSE:BDC) Stock Holdings Decreased by Swiss National Bank

Swiss National Bank lessened its position in Belden Inc. (NYSE:BDC) by 0.8% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 79,400 shares of the industrial products company’s stock after selling 600 shares during the quarter. Swiss National Bank owned approximately 0.20% of Belden worth $9,300,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in BDC. Chesapeake Capital Corp IL boosted its position in shares of Belden by 16.8% in the third quarter. Chesapeake Capital Corp IL now owns 5,651 shares of the industrial products company’s stock worth $655,000 after buying an additional 813 shares during the period. Natixis Advisors LLC boosted its position in Belden by 1.9% during the 3rd quarter. Natixis Advisors LLC now owns 39,239 shares of the industrial products company’s stock worth $4,596,000 after acquiring an additional 741 shares during the period. KBC Group NV grew its stake in Belden by 27.8% during the 3rd quarter. KBC Group NV now owns 1,261 shares of the industrial products company’s stock valued at $148,000 after acquiring an additional 274 shares in the last quarter. Oppenheimer Asset Management Inc. increased its holdings in shares of Belden by 3.7% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 17,494 shares of the industrial products company’s stock valued at $2,049,000 after purchasing an additional 617 shares during the period. Finally, GSA Capital Partners LLP purchased a new stake in shares of Belden in the third quarter worth approximately $687,000. Institutional investors and hedge funds own 98.75% of the company’s stock.

Insider Activity at Belden

In related news, CAO Doug Zink sold 3,000 shares of Belden stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $128.82, for a total value of $386,460.00. Following the transaction, the chief accounting officer now owns 6,643 shares in the company, valued at $855,751.26. This trade represents a 31.11 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.59% of the stock is owned by company insiders.

Belden Price Performance

Shares of BDC opened at $123.52 on Monday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.43 and a current ratio of 2.07. The firm has a market cap of $4.98 billion, a PE ratio of 28.73 and a beta of 1.07. Belden Inc. has a twelve month low of $65.52 and a twelve month high of $131.82. The firm’s 50 day moving average price is $117.84 and its 200 day moving average price is $104.10.

Belden (NYSE:BDC) last released its quarterly earnings data on Thursday, October 31st. The industrial products company reported $1.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.61 by $0.09. The business had revenue of $654.90 million during the quarter, compared to analyst estimates of $643.63 million. Belden had a net margin of 7.61% and a return on equity of 20.55%. Belden’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.78 EPS. As a group, research analysts expect that Belden Inc. will post 6.12 EPS for the current fiscal year.

Belden Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Thursday, December 12th will be issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.16%. The ex-dividend date is Thursday, December 12th. Belden’s dividend payout ratio is 4.65%.

Analyst Ratings Changes

A number of research analysts recently commented on BDC shares. Truist Financial boosted their price objective on shares of Belden from $124.00 to $136.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Benchmark upped their price target on shares of Belden from $120.00 to $130.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $122.75.

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.