Belden Inc. (NYSE:BDC) CAO Sells $155,556.76 in Stock

Belden Inc. (NYSE:BDC) CAO Doug Zink sold 1,324 shares of the stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $117.49, for a total value of $155,556.76. Following the completion of the transaction, the chief accounting officer now directly owns 9,643 shares in the company, valued at approximately $1,132,956.07. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Belden Price Performance

BDC opened at $128.00 on Friday. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.07 and a quick ratio of 1.43. Belden Inc. has a 1 year low of $63.28 and a 1 year high of $131.82. The stock’s 50 day simple moving average is $113.54 and its 200 day simple moving average is $101.09. The firm has a market cap of $5.16 billion, a price-to-earnings ratio of 29.77 and a beta of 1.07.

Belden (NYSE:BDC) last issued its earnings results on Thursday, October 31st. The industrial products company reported $1.70 EPS for the quarter, topping the consensus estimate of $1.61 by $0.09. The company had revenue of $654.90 million for the quarter, compared to the consensus estimate of $643.63 million. Belden had a net margin of 7.61% and a return on equity of 20.55%. The firm’s revenue for the quarter was up 4.5% on a year-over-year basis. During the same period in the previous year, the firm earned $1.78 earnings per share. As a group, analysts predict that Belden Inc. will post 6.12 earnings per share for the current year.

Belden Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 8th. Stockholders of record on Thursday, September 12th were paid 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 was Thursday, September 12th. Belden’s dividend payout ratio (DPR) is 4.65%.

Analysts Set New Price Targets

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

Institutional Trading of Belden

Several large investors have recently modified their holdings of BDC. Matrix Trust Co bought a new position in Belden during the 3rd quarter valued at approximately $25,000. Opal Wealth Advisors LLC bought a new stake in shares of Belden in the 2nd quarter worth approximately $28,000. Whittier Trust Co. increased its stake in shares of Belden by 662.2% during the first quarter. Whittier Trust Co. now owns 343 shares of the industrial products company’s stock valued at $32,000 after buying an additional 298 shares during the period. GAMMA Investing LLC raised its holdings in shares of Belden by 72.2% during the third quarter. GAMMA Investing LLC now owns 279 shares of the industrial products company’s stock valued at $33,000 after acquiring an additional 117 shares in the last quarter. Finally, Innealta Capital LLC purchased a new stake in Belden in the second quarter worth $95,000. 98.75% of the stock is owned by institutional investors.

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.