Vanguard Personalized Indexing Management LLC Grows Stock Holdings in Belden Inc. (NYSE:BDC)

Vanguard Personalized Indexing Management LLC grew its stake in Belden Inc. (NYSE:BDC) by 13.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,297 shares of the industrial products company’s stock after acquiring an additional 622 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Belden were worth $497,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Allspring Global Investments Holdings LLC boosted its holdings in shares of Belden by 2.2% in the first quarter. Allspring Global Investments Holdings LLC now owns 1,383,742 shares of the industrial products company’s stock valued at $128,148,000 after purchasing an additional 30,268 shares during the period. Wellington Management Group LLP raised its holdings in shares of Belden by 17.9% in the fourth quarter. Wellington Management Group LLP now owns 985,282 shares of the industrial products company’s stock valued at $76,113,000 after acquiring an additional 149,263 shares in the last quarter. Hotchkis & Wiley Capital Management LLC lifted its stake in Belden by 13.5% in the fourth quarter. Hotchkis & Wiley Capital Management LLC now owns 611,585 shares of the industrial products company’s stock worth $47,245,000 after acquiring an additional 72,775 shares during the period. Southernsun Asset Management LLC grew its holdings in Belden by 15.3% during the 4th quarter. Southernsun Asset Management LLC now owns 534,618 shares of the industrial products company’s stock worth $41,299,000 after acquiring an additional 71,118 shares in the last quarter. Finally, Norges Bank purchased a new position in Belden during the 4th quarter valued at about $35,403,000. 98.75% of the stock is owned by hedge funds and other institutional investors.

Belden Stock Performance

Shares of BDC stock opened at $116.98 on Friday. The company has a current ratio of 1.70, a quick ratio of 1.25 and a debt-to-equity ratio of 0.95. The company has a market cap of $4.77 billion, a PE ratio of 22.89 and a beta of 1.07. Belden Inc. has a 12-month low of $60.54 and a 12-month high of $117.89. The business’s fifty day simple moving average is $101.48 and its 200-day simple moving average is $94.79.

Belden (NYSE:BDC) last released its quarterly earnings results on Thursday, August 1st. The industrial products company reported $1.51 EPS for the quarter, beating analysts’ consensus estimates of $1.37 by $0.14. Belden had a return on equity of 21.13% and a net margin of 8.51%. The company had revenue of $604.34 million during the quarter, compared to analysts’ expectations of $574.32 million. During the same period last year, the business posted $1.91 earnings per share. The firm’s revenue was down 12.7% compared to the same quarter last year. Analysts expect that Belden Inc. will post 6.04 earnings per share for the current fiscal year.

Belden Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 8th. Shareholders of record on Thursday, September 12th will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.17%. The ex-dividend date is Thursday, September 12th. Belden’s dividend payout ratio is presently 3.91%.

Insider Buying and Selling at Belden

In other news, EVP Brian Lieser sold 819 shares of Belden stock in a transaction on Wednesday, July 10th. The shares were sold at an average price of $91.26, for a total transaction of $74,741.94. Following the completion of the sale, the executive vice president now directly owns 21,031 shares in the company, valued at $1,919,289.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, SVP Brian Edward Anderson sold 6,556 shares of the firm’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $100.46, for a total value of $658,615.76. Following the completion of the transaction, the senior vice president now directly owns 32,829 shares in the company, valued at $3,298,001.34. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Brian Lieser sold 819 shares of the company’s stock in a transaction that occurred on Wednesday, July 10th. The shares were sold at an average price of $91.26, for a total value of $74,741.94. Following the completion of the sale, the executive vice president now owns 21,031 shares in the company, valued at approximately $1,919,289.06. The disclosure for this sale can be found here. In the last quarter, insiders have sold 11,137 shares of company stock worth $1,095,457. 1.59% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on BDC. Benchmark increased 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. Truist Financial increased 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. StockNews.com raised Belden from a “hold” rating to a “buy” rating in a research report on Monday, June 17th. Finally, Vertical Research started coverage on Belden in a research note on Tuesday, July 23rd. They set a “buy” rating and a $110.00 price objective for the company. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, Belden has an average rating of “Moderate Buy” and an average price target of $112.50.

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.