Belden Inc. (NYSE:BDC) CAO Doug Zink Sells 3,000 Shares

Belden Inc. (NYSE:BDC) CAO Doug Zink sold 3,000 shares of the business’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $128.82, for a total value of $386,460.00. Following the sale, the chief accounting officer now directly owns 6,643 shares of the company’s stock, valued at $855,751.26. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Doug Zink also recently made the following trade(s):

• On Tuesday, November 5th, Doug Zink sold 1,324 shares of Belden stock. The stock was sold at an average price of $117.49, for a total transaction of $155,556.76.

Belden Trading Down 2.1 %

BDC opened at $121.28 on Thursday. The firm’s fifty day moving average is $115.15 and its two-hundred day moving average is $102.37. The firm has a market cap of $4.89 billion, a PE ratio of 28.20 and a beta of 1.07. Belden Inc. has a twelve month low of $65.52 and a twelve month high of $131.82. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.43 and a current ratio of 2.07.

Belden (NYSE:BDC) last released its quarterly earnings data on Thursday, October 31st. The industrial products company reported $1.70 EPS for the quarter, beating analysts’ consensus estimates of $1.61 by $0.09. The business had revenue of $654.90 million during the quarter, compared to analysts’ expectations of $643.63 million. Belden had a net margin of 7.61% and a return on equity of 20.55%. The firm’s quarterly revenue was up 4.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.78 EPS. Equities research analysts anticipate that Belden Inc. will post 6.12 EPS for the current year.

Belden Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 8th. Stockholders of record on Thursday, September 12th were issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.16%. The ex-dividend date of this dividend was Thursday, September 12th. Belden’s dividend payout ratio (DPR) is presently 4.65%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on BDC shares. Vertical Research began coverage on shares of Belden in a research note on Tuesday, July 23rd. They issued a “buy” rating and a $110.00 price objective on the stock. Benchmark raised their price target on Belden from $120.00 to $130.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Finally, Truist Financial upped their price objective on Belden from $124.00 to $136.00 and gave the company a “buy” rating in a report on Friday, November 1st. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Belden has a consensus rating of “Buy” and a consensus target price of $122.75.

Institutional Trading of Belden

A number of large investors have recently bought and sold shares of BDC. BNP Paribas Financial Markets increased its position in shares of Belden by 20.8% during the third quarter. BNP Paribas Financial Markets now owns 15,217 shares of the industrial products company’s stock worth $1,782,000 after acquiring an additional 2,623 shares in the last quarter. FMR LLC increased its holdings in Belden by 14.8% during the 3rd quarter. FMR LLC now owns 4,486,337 shares of the industrial products company’s stock worth $525,485,000 after purchasing an additional 576,768 shares in the last quarter. Cerity Partners LLC raised its stake in shares of Belden by 32.4% in the 3rd quarter. Cerity Partners LLC now owns 12,759 shares of the industrial products company’s stock valued at $1,494,000 after purchasing an additional 3,120 shares during the period. Citigroup Inc. lifted its holdings in shares of Belden by 157.5% in the third quarter. Citigroup Inc. now owns 32,453 shares of the industrial products company’s stock valued at $3,801,000 after purchasing an additional 19,849 shares in the last quarter. Finally, Foundry Partners LLC acquired a new position in shares of Belden during the third quarter worth about $11,814,000. 98.75% of the stock is owned by institutional investors.

About Belden

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.