Pacer Advisors Inc. Has $618,000 Stock Holdings in Belden Inc. (NYSE:BDC)

Pacer Advisors Inc. lowered its stake in shares of Belden Inc. (NYSE:BDC) by 21.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,588 shares of the industrial products company’s stock after selling 1,764 shares during the period. Pacer Advisors Inc.’s holdings in Belden were worth $618,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Opal Wealth Advisors LLC acquired a new position in Belden during the 2nd quarter worth approximately $28,000. Rise Advisors LLC acquired a new position in shares of Belden during the first quarter worth approximately $32,000. Whittier Trust Co. lifted its holdings in shares of Belden by 662.2% in the 1st quarter. Whittier Trust Co. now owns 343 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 298 shares in the last quarter. TFO Wealth Partners LLC grew its position in Belden by 33,500.0% in the 4th quarter. TFO Wealth Partners LLC now owns 1,008 shares of the industrial products company’s stock valued at $78,000 after purchasing an additional 1,005 shares during the period. Finally, Innealta Capital LLC bought a new stake in Belden during the 2nd quarter valued at $95,000. Institutional investors own 98.75% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on BDC. Benchmark raised their price objective on shares of Belden from $115.00 to $120.00 and gave the company a “buy” rating in a research note on Wednesday, September 18th. StockNews.com upgraded Belden from a “hold” rating to a “buy” rating in a research note on Monday, June 17th. Vertical Research began coverage on Belden in a research note on Tuesday, July 23rd. They issued a “buy” rating and a $110.00 price objective for the company. Finally, Truist Financial lifted their target price on Belden from $123.00 to $124.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $112.00.

Belden Price Performance

Belden stock opened at $115.87 on Friday. Belden Inc. has a 52 week low of $60.54 and a 52 week high of $118.26. The company’s 50 day moving average price is $101.96 and its two-hundred day moving average price is $95.04. The stock has a market cap of $4.73 billion, a P/E ratio of 22.68 and a beta of 1.07. The company has a quick ratio of 1.25, a current ratio of 1.70 and a debt-to-equity ratio of 0.95.

Belden (NYSE:BDC) last posted its quarterly earnings data on Thursday, August 1st. The industrial products company reported $1.51 earnings per share for the quarter, topping the consensus estimate of $1.37 by $0.14. Belden had a return on equity of 21.13% and a net margin of 8.51%. The business had revenue of $604.34 million for the quarter, compared to analysts’ expectations of $574.32 million. During the same quarter in the previous year, the firm earned $1.91 earnings per share. The business’s revenue was down 12.7% on a year-over-year basis. On average, equities analysts predict that Belden Inc. will post 6.04 earnings per share for the current year.

Belden Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 8th. Investors of record on Thursday, September 12th will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Thursday, September 12th. This represents a $0.20 dividend on an annualized basis and a yield of 0.17%. Belden’s dividend payout ratio (DPR) is presently 3.91%.

Insider Buying and Selling

In other news, SVP Brian Edward Anderson sold 6,556 shares of the stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $100.46, for a total transaction of $658,615.76. Following the completion of the transaction, the senior vice president now directly owns 32,829 shares of the company’s stock, valued at approximately $3,298,001.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, SVP Brian Edward Anderson sold 6,556 shares of the company’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $100.46, for a total transaction of $658,615.76. Following the transaction, the senior vice president now owns 32,829 shares of the company’s stock, valued at approximately $3,298,001.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Nancy E. Calderon sold 2,500 shares of the stock in a transaction on Monday, August 5th. The stock was sold at an average price of $95.98, for a total value of $239,950.00. Following the transaction, the director now owns 6,954 shares of the company’s stock, valued at approximately $667,444.92. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 11,137 shares of company stock worth $1,095,457. Insiders own 1.59% of the company’s stock.

About Belden

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.