De Lisle Partners LLP acquired a new position in shares of Belden Inc (NYSE:BDC – Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 43,000 shares of the industrial products company’s stock, valued at approximately $5,159,000. De Lisle Partners LLP owned 0.11% of Belden at the end of the most recent quarter.
Several other large investors also recently added to or reduced their stakes in the company. Emerald Investment Advisers LLC acquired a new stake in Belden during the second quarter valued at $6,050,000. William Blair Investment Management LLC acquired a new stake in Belden in the 2nd quarter worth approximately $21,361,000. Callan Family Office LLC bought a new stake in Belden during the second quarter worth approximately $1,479,000. Keebeck Wealth Management acquired a new position in Belden during the second quarter valued at approximately $533,000. Finally, Allworth Financial LP acquired a new position in Belden during the second quarter valued at approximately $35,000. 98.75% of the stock is owned by institutional investors and hedge funds.
Belden Price Performance
Belden stock opened at $122.33 on Friday. Belden Inc has a 52 week low of $98.00 and a 52 week high of $159.99. The business’s fifty day moving average is $117.36 and its two-hundred day moving average is $120.74. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.49 and a current ratio of 2.14. The firm has a market cap of $4.78 billion, a P/E ratio of 19.89 and a beta of 1.13.
Belden Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Thursday, October 8th. Shareholders of record on Wednesday, September 16th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Wednesday, September 16th. This represents a $0.20 annualized dividend and a dividend yield of 0.2%. Belden’s dividend payout ratio (DPR) is currently 3.25%.
Wall Street Analysts Forecast Growth
A number of analysts have recently weighed in on BDC shares. Fox Advisors upgraded shares of Belden from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 9th. Wall Street Zen raised shares of Belden from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 1st. Citigroup started coverage on shares of Belden in a report on Friday, June 26th. They set a “buy” rating and a $150.00 price target for the company. Truist Financial reaffirmed a “buy” rating and issued a $145.00 price target (down from $155.00) on shares of Belden in a research report on Friday, July 31st. Finally, DA Davidson increased their target price on Belden from $155.00 to $170.00 and gave the company a “buy” rating in a research note on Wednesday. Two research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $160.00.
Check Out Our Latest Report on Belden
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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