Inspire Investing LLC raised its stake in Belden Inc (NYSE:BDC – Free Report) by 370.3% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 18,842 shares of the industrial products company’s stock after buying an additional 14,836 shares during the period. Inspire Investing LLC’s holdings in Belden were worth $2,164,000 as of its most recent filing with the SEC.
Several other large investors have also modified their holdings of BDC. Crossmark Global Holdings Inc. raised its position in shares of Belden by 4.6% during the third quarter. Crossmark Global Holdings Inc. now owns 2,290 shares of the industrial products company’s stock worth $275,000 after purchasing an additional 100 shares during the period. Smartleaf Asset Management LLC increased its stake in Belden by 32.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 437 shares of the industrial products company’s stock worth $52,000 after purchasing an additional 106 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in Belden by 12.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,025 shares of the industrial products company’s stock worth $119,000 after buying an additional 116 shares during the period. Captrust Financial Advisors lifted its stake in Belden by 3.8% during the second quarter. Captrust Financial Advisors now owns 3,904 shares of the industrial products company’s stock valued at $452,000 after buying an additional 142 shares in the last quarter. Finally, Vise Technologies Inc. lifted its stake in Belden by 2.1% during the third quarter. Vise Technologies Inc. now owns 7,058 shares of the industrial products company’s stock valued at $849,000 after buying an additional 144 shares in the last quarter. 98.75% of the stock is owned by institutional investors.
Belden Trading Up 1.1%
Shares of NYSE:BDC opened at $119.94 on Wednesday. The firm has a fifty day moving average of $114.84 and a two-hundred day moving average of $121.10. The company has a quick ratio of 1.40, a current ratio of 2.09 and a debt-to-equity ratio of 0.98. Belden Inc has a 12-month low of $101.00 and a 12-month high of $159.99. The firm has a market capitalization of $4.67 billion, a P/E ratio of 20.19 and a beta of 1.14.
Belden Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 9th. Investors of record on Tuesday, June 16th will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend is Tuesday, June 16th. Belden’s payout ratio is presently 3.37%.
Wall Street Analyst Weigh In
BDC has been the topic of several analyst reports. DA Davidson initiated coverage on shares of Belden in a research report on Tuesday, June 16th. They issued a “buy” rating and a $155.00 target price on the stock. Citigroup initiated coverage on shares of Belden in a research report on Friday. They set a “buy” rating and a $150.00 price objective on the stock. Finally, Weiss Ratings downgraded shares of Belden from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, June 18th. Five equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, Belden currently has an average rating of “Moderate Buy” and an average target price of $157.50.
View Our Latest Stock Report on BDC
About Belden
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 high‐performance, reliable products for harsh environments.
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