Macquarie Group Ltd. boosted its holdings in Belden Inc. (NYSE:BDC) by 11.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 660,559 shares of the industrial products company’s stock after acquiring an additional 67,108 shares during the period. Macquarie Group Ltd.’s holdings in Belden were worth $40,374,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Bank of America Corp DE lifted its holdings in Belden by 18.3% in the second quarter. Bank of America Corp DE now owns 320,352 shares of the industrial products company’s stock valued at $19,580,000 after acquiring an additional 49,570 shares during the last quarter. Raymond James & Associates lifted its holdings in Belden by 42.6% in the second quarter. Raymond James & Associates now owns 55,555 shares of the industrial products company’s stock valued at $3,396,000 after acquiring an additional 16,590 shares during the last quarter. OppenheimerFunds Inc. lifted its holdings in Belden by 11.8% in the second quarter. OppenheimerFunds Inc. now owns 16,116 shares of the industrial products company’s stock valued at $985,000 after acquiring an additional 1,706 shares during the last quarter. Federated Investors Inc. PA lifted its holdings in Belden by 11.0% in the second quarter. Federated Investors Inc. PA now owns 52,809 shares of the industrial products company’s stock valued at $3,228,000 after acquiring an additional 5,249 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its holdings in Belden by 27.0% in the second quarter. PNC Financial Services Group Inc. now owns 3,812 shares of the industrial products company’s stock valued at $232,000 after acquiring an additional 811 shares during the last quarter.

NYSE:BDC opened at $73.06 on Friday. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.26 and a current ratio of 1.79. Belden Inc. has a 52 week low of $53.65 and a 52 week high of $87.14. The firm has a market cap of $2.84 billion, a price-to-earnings ratio of 12.05 and a beta of 2.31.

Belden (NYSE:BDC) last released its quarterly earnings results on Wednesday, August 1st. The industrial products company reported $1.52 EPS for the quarter, topping analysts’ consensus estimates of $1.46 by $0.06. Belden had a return on equity of 20.50% and a net margin of 2.52%. The company had revenue of $668.64 million for the quarter, compared to analysts’ expectations of $661.83 million. During the same period in the prior year, the firm earned $1.29 earnings per share. The firm’s revenue was up 9.5% compared to the same quarter last year. analysts anticipate that Belden Inc. will post 6.39 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 4th. Shareholders of record on Tuesday, September 18th will be paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.27%. The ex-dividend date is Monday, September 17th. Belden’s dividend payout ratio (DPR) is 3.74%.

BDC has been the topic of a number of recent analyst reports. Guggenheim reiterated a “buy” rating and issued a $90.00 price objective on shares of Belden in a report on Wednesday, August 1st. Zacks Investment Research upgraded Belden from a “hold” rating to a “buy” rating and set a $63.00 price objective on the stock in a report on Thursday, May 31st. Canaccord Genuity set a $88.00 price objective on Belden and gave the company a “buy” rating in a report on Wednesday, July 25th. TheStreet upgraded Belden from a “c” rating to a “b-” rating in a report on Tuesday, August 21st. Finally, ValuEngine upgraded Belden from a “sell” rating to a “hold” rating in a report on Thursday, August 2nd. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $86.75.

Belden Profile

Belden Inc designs, manufactures, and markets signal transmission solutions worldwide. It operates through Broadcast Solutions, Enterprise Solutions, Industrial Solutions, and Network Solutions segments. The Broadcast Solutions segment offers camera solutions, production switchers, server and storage systems for instant replay applications, interfaces and routers, monitoring systems, in-home network systems, playout systems, outside plant connectivity products, and other cable, and connectivity products.

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Institutional Ownership by Quarter for Belden (NYSE:BDC)

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