Aristotle Capital Boston LLC lessened its holdings in shares of Belden Inc (NYSE:BDC – Free Report) by 8.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 220,377 shares of the industrial products company’s stock after selling 19,509 shares during the period. Belden makes up about 1.4% of Aristotle Capital Boston LLC’s portfolio, making the stock its 15th biggest holding. Aristotle Capital Boston LLC owned about 0.56% of Belden worth $25,685,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Millennium Management LLC raised its stake in Belden by 9.6% in the 1st quarter. Millennium Management LLC now owns 78,865 shares of the industrial products company’s stock worth $7,906,000 after acquiring an additional 6,894 shares during the last quarter. United Services Automobile Association purchased a new position in Belden in the 1st quarter worth $264,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Belden by 8.3% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 131,807 shares of the industrial products company’s stock worth $13,214,000 after acquiring an additional 10,077 shares during the last quarter. Jane Street Group LLC raised its stake in Belden by 18.3% in the 1st quarter. Jane Street Group LLC now owns 58,028 shares of the industrial products company’s stock worth $5,817,000 after acquiring an additional 8,961 shares during the last quarter. Finally, Acadian Asset Management LLC raised its stake in Belden by 273.7% in the 1st quarter. Acadian Asset Management LLC now owns 3,984 shares of the industrial products company’s stock worth $399,000 after acquiring an additional 2,918 shares during the last quarter. Hedge funds and other institutional investors own 98.75% of the company’s stock.
Belden Stock Performance
NYSE BDC opened at $120.10 on Thursday. The stock has a 50-day simple moving average of $115.99 and a two-hundred day simple moving average of $121.02. The firm has a market capitalization of $4.68 billion, a P/E ratio of 20.22 and a beta of 1.14. Belden Inc has a fifty-two week low of $101.00 and a fifty-two week high of $159.99. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.40 and a current ratio of 2.09.
Belden Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 9th. Shareholders of record on Tuesday, June 16th will be paid a dividend of $0.05 per share. The ex-dividend date is Tuesday, June 16th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.2%. Belden’s dividend payout ratio (DPR) is presently 3.37%.
Wall Street Analyst Weigh In
A number of equities analysts recently issued reports on BDC shares. DA Davidson started coverage on Belden in a research note on Tuesday. They issued a “buy” rating and a $155.00 target price for the company. Weiss Ratings lowered Belden from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, April 6th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $160.00.
Check Out Our Latest Stock Report on BDC
Belden Company 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 highâperformance, reliable products for harsh environments.
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