Chesapeake Capital Corp IL Has $655,000 Holdings in Belden Inc. (NYSE:BDC)

Chesapeake Capital Corp IL lifted its position in shares of Belden Inc. (NYSE:BDC) by 16.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,651 shares of the industrial products company’s stock after purchasing an additional 813 shares during the quarter. Chesapeake Capital Corp IL’s holdings in Belden were worth $655,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the company. GAMMA Investing LLC grew its holdings in shares of Belden by 72.2% during the 3rd quarter. GAMMA Investing LLC now owns 279 shares of the industrial products company’s stock worth $33,000 after purchasing an additional 117 shares in the last quarter. Verdence Capital Advisors LLC grew its holdings in shares of Belden by 4.5% during the 3rd quarter. Verdence Capital Advisors LLC now owns 3,465 shares of the industrial products company’s stock worth $406,000 after purchasing an additional 148 shares in the last quarter. US Bancorp DE grew its holdings in shares of Belden by 7.4% during the 3rd quarter. US Bancorp DE now owns 2,794 shares of the industrial products company’s stock worth $327,000 after purchasing an additional 193 shares in the last quarter. Matrix Trust Co acquired a new stake in shares of Belden during the 3rd quarter worth approximately $25,000. Finally, State of Alaska Department of Revenue grew its holdings in shares of Belden by 0.6% during the 3rd quarter. State of Alaska Department of Revenue now owns 34,742 shares of the industrial products company’s stock worth $4,068,000 after purchasing an additional 215 shares in the last quarter. Institutional investors and hedge funds own 98.75% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on BDC shares. Vertical Research began coverage on Belden in a report on Tuesday, July 23rd. They set a “buy” rating and a $110.00 price objective on the stock. Benchmark boosted their price target on Belden from $120.00 to $130.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Finally, Truist Financial boosted their price target on Belden from $124.00 to $136.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Five research analysts have rated the stock with a buy rating, According to MarketBeat, the company has an average rating of “Buy” and an average target price of $122.75.

Insider Buying and Selling at Belden

In other news, CAO Doug Zink sold 3,000 shares of the business’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $128.82, for a total transaction of $386,460.00. Following the completion of the sale, the chief accounting officer now owns 6,643 shares in the company, valued at $855,751.26. The trade was a 31.11 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 1.59% of the company’s stock.

Belden Trading Down 1.0 %

Shares of BDC opened at $118.61 on Friday. The stock has a fifty day moving average price of $115.88 and a two-hundred day moving average price of $102.87. 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 Inc. has a 52-week low of $65.52 and a 52-week high of $131.82. The company has a market cap of $4.78 billion, a price-to-earnings ratio of 27.58 and a beta of 1.07.

Belden (NYSE:BDC) last issued its quarterly earnings data on Thursday, October 31st. The industrial products company reported $1.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.61 by $0.09. Belden had a return on equity of 20.55% and a net margin of 7.61%. The firm had revenue of $654.90 million during the quarter, compared to the consensus estimate of $643.63 million. During the same quarter in the previous year, the company posted $1.78 EPS. The business’s revenue for the quarter was up 4.5% compared to the same quarter last year. Analysts predict that Belden Inc. will post 6.12 EPS for the current fiscal year.

Belden Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 8th. Shareholders of record on Thursday, September 12th were given a $0.05 dividend. The ex-dividend date was Thursday, September 12th. This represents a $0.20 annualized dividend and a yield of 0.17%. Belden’s payout ratio is 4.65%.

Belden 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.