Belden Inc (NYSE:BDC) was downgraded by TheStreet from a “b” rating to a “c+” rating in a research report issued on Wednesday.

A number of other research firms also recently commented on BDC. Deutsche Bank AG increased their target price on Belden from $85.00 to $92.00 and gave the stock a “buy” rating in a report on Thursday, August 3rd. Zacks Investment Research raised Belden from a “hold” rating to a “strong-buy” rating and set a $86.00 target price on the stock in a report on Tuesday, July 11th. Canaccord Genuity reaffirmed a “buy” rating and set a $88.00 target price (up previously from $83.00) on shares of Belden in a report on Wednesday, September 13th. Guggenheim reissued a “buy” rating and issued a $90.00 price target on shares of Belden in a report on Monday, September 25th. Finally, ValuEngine downgraded Belden from a “buy” rating to a “hold” rating in a report on Thursday, July 20th. Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Belden presently has a consensus rating of “Buy” and an average target price of $85.88.

Belden (NYSE:BDC) last released its earnings results on Wednesday, November 1st. The industrial products company reported $1.49 EPS for the quarter, topping analysts’ consensus estimates of $1.41 by $0.08. Belden had a return on equity of 17.52% and a net margin of 4.03%. The company had revenue of $621.74 million for the quarter, compared to the consensus estimate of $626.05 million. During the same quarter last year, the business posted $1.29 EPS. Belden’s quarterly revenue was up 3.4% compared to the same quarter last year.

COPYRIGHT VIOLATION NOTICE: “TheStreet Downgrades Belden Inc (BDC) to C+” was reported by American Banking News and is the property of of American Banking News. If you are reading this story on another site, it was illegally copied and reposted in violation of US and international copyright & trademark laws. The correct version of this story can be accessed at https://www.americanbankingnews.com/2017/11/03/thestreet-downgrades-belden-inc-bdc-to-c.html.

In other Belden news, Chairman John S. Stroup sold 17,227 shares of Belden stock in a transaction on Monday, October 9th. The stock was sold at an average price of $84.75, for a total transaction of $1,459,988.25. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Paul Keith Turner sold 3,709 shares of Belden stock in a transaction on Friday, September 15th. The shares were sold at an average price of $78.91, for a total value of $292,677.19. Following the sale, the senior vice president now directly owns 4,967 shares in the company, valued at approximately $391,945.97. The disclosure for this sale can be found here. In the last three months, insiders sold 21,230 shares of company stock worth $1,775,189. Company insiders own 1.31% of the company’s stock.

Institutional investors have recently made changes to their positions in the business. Envestnet Asset Management Inc. bought a new stake in Belden during the 4th quarter valued at $105,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Belden by 10.1% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,744 shares of the industrial products company’s stock valued at $132,000 after acquiring an additional 160 shares in the last quarter. James Investment Research Inc. bought a new stake in Belden during the 1st quarter valued at $130,000. Point72 Asia Hong Kong Ltd raised its stake in Belden by 799.6% during the 1st quarter. Point72 Asia Hong Kong Ltd now owns 2,060 shares of the industrial products company’s stock valued at $143,000 after acquiring an additional 1,831 shares in the last quarter. Finally, Elkfork Partners LLC bought a new stake in Belden during the 4th quarter valued at $159,000.

About Belden

Belden Inc is a signal transmission solutions provider company. The Company operates through five segment: Broadcast Solutions (Broadcast), Enterprise Connectivity Solutions (Enterprise), Industrial Connectivity Solutions (Industrial Connectivity), Industrial IT Solutions (Industrial IT), and Network Security Solutions (Network Security).

Analyst Recommendations for Belden (NYSE:BDC)

Receive News & Ratings for Belden Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Belden Inc and related companies with MarketBeat.com's FREE daily email newsletter.