Xponance Inc. Has $469,000 Position in Belden Inc. (NYSE:BDC)

Xponance Inc. cut its stake in Belden Inc. (NYSE:BDC) by 12.8% during the 4th quarter, HoldingsChannel.com reports. The fund owned 6,074 shares of the industrial products company’s stock after selling 894 shares during the period. Xponance Inc.’s holdings in Belden were worth $469,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Blue Trust Inc. boosted its holdings in shares of Belden by 31.9% during the 4th quarter. Blue Trust Inc. now owns 1,079 shares of the industrial products company’s stock worth $83,000 after buying an additional 261 shares in the last quarter. Parkside Financial Bank & Trust boosted its holdings in shares of Belden by 15.1% during the 3rd quarter. Parkside Financial Bank & Trust now owns 1,589 shares of the industrial products company’s stock worth $153,000 after buying an additional 209 shares in the last quarter. C M Bidwell & Associates Ltd. boosted its holdings in shares of Belden by 181.2% during the 3rd quarter. C M Bidwell & Associates Ltd. now owns 2,188 shares of the industrial products company’s stock worth $211,000 after buying an additional 1,410 shares in the last quarter. Envestnet Portfolio Solutions Inc. bought a new position in shares of Belden during the 3rd quarter worth approximately $213,000. Finally, GW Henssler & Associates Ltd. bought a new position in shares of Belden during the 3rd quarter worth approximately $225,000. 98.75% of the stock is currently owned by institutional investors.

Insider Activity at Belden

In other news, EVP Brian Lieser sold 2,056 shares of the firm’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $82.30, for a total transaction of $169,208.80. Following the completion of the sale, the executive vice president now directly owns 21,772 shares of the company’s stock, valued at approximately $1,791,835.60. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 1.42% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on BDC shares. Truist Financial upped their target price on Belden from $89.00 to $98.00 and gave the stock a “buy” rating in a research report on Friday, February 9th. StockNews.com lowered Belden from a “buy” rating to a “hold” rating in a research report on Monday, April 22nd. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $102.25.

Belden Trading Up 0.6 %

NYSE BDC opened at $83.36 on Friday. The firm has a market capitalization of $3.39 billion, a P/E ratio of 14.73 and a beta of 1.04. The business has a fifty day simple moving average of $86.86 and a 200 day simple moving average of $78.29. Belden Inc. has a 12 month low of $60.54 and a 12 month high of $99.13. The company has a current ratio of 2.30, a quick ratio of 1.72 and a debt-to-equity ratio of 1.03.

Belden (NYSE:BDC) last released its quarterly earnings results on Thursday, February 8th. The industrial products company reported $1.46 EPS for the quarter, beating analysts’ consensus estimates of $1.12 by $0.34. The business had revenue of $551.24 million during the quarter, compared to analyst estimates of $522.06 million. Belden had a return on equity of 25.11% and a net margin of 9.66%. Belden’s quarterly revenue was down 16.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.75 EPS. On average, analysts predict that Belden Inc. will post 5.33 EPS for the current fiscal year.

Belden Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 9th. Investors of record on Thursday, March 14th were given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.24%. The ex-dividend date of this dividend was Wednesday, March 13th. Belden’s payout ratio is currently 3.53%.

Belden Company 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.