Segall Bryant & Hamill LLC reduced its stake in Belden Inc (NYSE:BDC – Free Report) by 18.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 345,228 shares of the industrial products company’s stock after selling 76,116 shares during the period. Segall Bryant & Hamill LLC owned 0.88% of Belden worth $41,521,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also made changes to their positions in BDC. EverSource Wealth Advisors LLC raised its holdings in Belden by 134.1% during the second quarter. EverSource Wealth Advisors LLC now owns 288 shares of the industrial products company’s stock worth $33,000 after purchasing an additional 165 shares in the last quarter. Smartleaf Asset Management LLC boosted its stake in Belden by 234.3% during the 3rd quarter. Smartleaf Asset Management LLC now owns 331 shares of the industrial products company’s stock valued at $40,000 after purchasing an additional 232 shares in the last quarter. Employees Retirement System of Texas acquired a new position in shares of Belden during the 2nd quarter valued at $52,000. Hantz Financial Services Inc. raised its stake in shares of Belden by 152.5% in the 3rd quarter. Hantz Financial Services Inc. now owns 457 shares of the industrial products company’s stock worth $55,000 after buying an additional 276 shares in the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new stake in shares of Belden in the second quarter valued at $58,000. 98.75% of the stock is currently owned by institutional investors.
Belden Stock Performance
Shares of BDC opened at $142.32 on Tuesday. The company has a 50-day moving average of $127.64 and a two-hundred day moving average of $123.18. The stock has a market cap of $5.51 billion, a price-to-earnings ratio of 24.08 and a beta of 1.20. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.93 and a quick ratio of 1.36. Belden Inc has a one year low of $83.18 and a one year high of $159.99.
Belden Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 9th. Stockholders of record on Thursday, March 12th will be given a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend is Thursday, March 12th. Belden’s dividend payout ratio (DPR) is 3.38%.
Wall Street Analyst Weigh In
A number of research firms recently issued reports on BDC. Wall Street Zen raised Belden from a “hold” rating to a “buy” rating in a report on Saturday, January 17th. Benchmark lifted their price objective on shares of Belden from $145.00 to $175.00 and gave the stock a “buy” rating in a research note on Friday, February 13th. Weiss Ratings upgraded shares of Belden from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, February 18th. Finally, Truist Financial increased their target price on shares of Belden from $149.00 to $150.00 and gave the company a “buy” rating in a research note on Friday, December 19th. Four research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Belden currently has a consensus rating of “Buy” and an average price target of $148.33.
Get Our Latest Research Report on BDC
Insiders Place Their Bets
In other Belden news, Director Jonathan C. Klein sold 3,000 shares of the firm’s stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $124.19, for a total transaction of $372,570.00. Following the completion of the sale, the director directly owned 8,353 shares in the company, valued at approximately $1,037,359.07. This trade represents a 26.42% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Hiran Bhadra sold 1,600 shares of Belden stock in a transaction dated Friday, December 5th. The shares were sold at an average price of $120.00, for a total value of $192,000.00. Following the transaction, the senior vice president directly owned 26,119 shares in the company, valued at approximately $3,134,280. This trade represents a 5.77% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 16,045 shares of company stock worth $2,010,690. 1.48% of the stock is currently owned by corporate insiders.
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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