Howe & Rusling Inc. Has $455,000 Holdings in Belden Inc. (NYSE:BDC)

Howe & Rusling Inc. lessened its stake in shares of Belden Inc. (NYSE:BDC) by 2.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,043 shares of the industrial products company’s stock after selling 106 shares during the quarter. Howe & Rusling Inc.’s holdings in Belden were worth $455,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in BDC. FMR LLC lifted its position in Belden by 14.8% in the 3rd quarter. FMR LLC now owns 4,486,337 shares of the industrial products company’s stock valued at $525,485,000 after acquiring an additional 576,768 shares in the last quarter. State Street Corp increased its position in shares of Belden by 6.8% during the 3rd quarter. State Street Corp now owns 1,574,784 shares of the industrial products company’s stock valued at $184,532,000 after purchasing an additional 100,145 shares during the last quarter. Geode Capital Management LLC raised its position in Belden by 0.6% in the third quarter. Geode Capital Management LLC now owns 960,974 shares of the industrial products company’s stock worth $112,580,000 after acquiring an additional 5,727 shares during the period. Lord Abbett & CO. LLC raised its holdings in shares of Belden by 10.6% in the 3rd quarter. Lord Abbett & CO. LLC now owns 708,092 shares of the industrial products company’s stock worth $82,939,000 after purchasing an additional 68,151 shares during the period. Finally, JPMorgan Chase & Co. raised its stake in shares of Belden by 61.2% in the fourth quarter. JPMorgan Chase & Co. now owns 294,925 shares of the industrial products company’s stock valued at $33,212,000 after buying an additional 111,952 shares during the period. Institutional investors own 98.75% of the company’s stock.

Belden Stock Down 0.7 %

Shares of NYSE BDC opened at $104.39 on Friday. The company has a market cap of $4.20 billion, a price-to-earnings ratio of 21.70 and a beta of 1.02. The company has a quick ratio of 1.37, a current ratio of 1.92 and a debt-to-equity ratio of 0.87. The firm’s fifty day moving average is $110.57 and its 200 day moving average is $114.76. Belden Inc. has a 52 week low of $80.90 and a 52 week high of $131.82.

Belden (NYSE:BDC) last announced its quarterly earnings results on Thursday, February 6th. The industrial products company reported $1.92 EPS for the quarter, topping analysts’ consensus estimates of $1.68 by $0.24. Belden had a return on equity of 21.42% and a net margin of 8.06%. On average, equities research analysts expect that Belden Inc. will post 7.07 earnings per share for the current year.

Belden Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Thursday, March 13th will be issued a dividend of $0.05 per share. The ex-dividend date is Thursday, March 13th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.19%. Belden’s dividend payout ratio (DPR) is 4.16%.

Insider Transactions at Belden

In related news, Director Gregory James Mccray sold 4,200 shares of the stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $105.21, for a total value of $441,882.00. Following the completion of the transaction, the director now directly owns 4,199 shares in the company, valued at $441,776.79. This trade represents a 50.01 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Ashish Chand sold 14,535 shares of the business’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $111.45, for a total transaction of $1,619,925.75. Following the sale, the chief executive officer now directly owns 107,129 shares in the company, valued at $11,939,527.05. The trade was a 11.95 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 23,428 shares of company stock valued at $2,589,774. Corporate insiders own 1.59% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on BDC. StockNews.com raised shares of Belden from a “buy” rating to a “strong-buy” rating in a research report on Monday, February 10th. Benchmark restated a “buy” rating and set a $130.00 price objective on shares of Belden in a research report on Monday, February 10th. Finally, Loop Capital dropped their target price on Belden from $155.00 to $145.00 and set a “buy” rating for the company in a research report on Tuesday, February 11th. Four analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $130.25.

Belden 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.