Entropy Technologies LP Takes $270,000 Position in Belden Inc. (NYSE:BDC)

Entropy Technologies LP bought a new stake in Belden Inc. (NYSE:BDC) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,400 shares of the industrial products company’s stock, valued at approximately $270,000.

Other large investors also recently modified their holdings of the company. Sanctuary Advisors LLC bought a new stake in Belden during the second quarter worth $409,000. GAMMA Investing LLC lifted its holdings in Belden by 72.2% during the third quarter. GAMMA Investing LLC now owns 279 shares of the industrial products company’s stock worth $33,000 after acquiring an additional 117 shares during the period. Creative Planning lifted its holdings in Belden by 40.1% during the third quarter. Creative Planning now owns 19,941 shares of the industrial products company’s stock worth $2,336,000 after acquiring an additional 5,705 shares during the period. Twelve Points Wealth Management LLC lifted its holdings in Belden by 6.3% during the third quarter. Twelve Points Wealth Management LLC now owns 22,816 shares of the industrial products company’s stock worth $2,672,000 after acquiring an additional 1,356 shares during the period. Finally, International Assets Investment Management LLC bought a new stake in Belden during the third quarter worth $82,320,000. Institutional investors own 98.75% of the company’s stock.

Belden Price Performance

Shares of NYSE BDC opened at $114.46 on Friday. The stock has a market cap of $4.62 billion, a PE ratio of 23.80 and a beta of 1.08. Belden Inc. has a fifty-two week low of $78.64 and a fifty-two week high of $131.82. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.43 and a current ratio of 1.92. The stock has a fifty day moving average of $116.47 and a 200-day moving average of $113.45.

Belden (NYSE:BDC) last posted its earnings results on Thursday, February 6th. The industrial products company reported $1.92 EPS for the quarter, topping the consensus estimate of $1.68 by $0.24. Belden had a return on equity of 21.42% and a net margin of 8.06%. Equities research analysts anticipate that Belden Inc. will post 7.76 earnings per share for the current year.

Belden Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Thursday, December 12th were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.17%. The ex-dividend date of this dividend was Thursday, December 12th. Belden’s payout ratio is 4.16%.

Insider Buying and Selling

In other Belden news, SVP Leah Tate sold 2,400 shares of Belden stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $114.77, for a total transaction of $275,448.00. Following the completion of the sale, the senior vice president now owns 23,243 shares of the company’s stock, valued at $2,667,599.11. The trade was a 9.36 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.59% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of brokerages recently commented on BDC. Truist Financial lifted their price target on Belden from $124.00 to $136.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Loop Capital decreased their target price on Belden from $155.00 to $145.00 and set a “buy” rating for the company in a research report on Tuesday. StockNews.com raised Belden from a “buy” rating to a “strong-buy” rating in a research report on Monday. Finally, Benchmark reissued a “buy” rating and issued a $130.00 target price on shares of Belden in a research report on Monday. Four analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Belden has a consensus rating of “Buy” and an average target price of $130.25.

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.