Belden Inc. (NYSE:BDC) Shares Sold by Dana Investment Advisors Inc.

Dana Investment Advisors Inc. reduced its holdings in shares of Belden Inc. (NYSE:BDC) by 11.5% during the 4th quarter, HoldingsChannel reports. The firm owned 71,682 shares of the industrial products company’s stock after selling 9,318 shares during the period. Dana Investment Advisors Inc.’s holdings in Belden were worth $8,072,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the business. Prospera Private Wealth LLC purchased a new position in shares of Belden during the third quarter worth about $33,000. First Horizon Advisors Inc. raised its stake in Belden by 97.7% during the 3rd quarter. First Horizon Advisors Inc. now owns 423 shares of the industrial products company’s stock valued at $50,000 after acquiring an additional 209 shares during the last quarter. Parkside Financial Bank & Trust lifted its position in Belden by 31.3% during the 4th quarter. Parkside Financial Bank & Trust now owns 835 shares of the industrial products company’s stock worth $94,000 after acquiring an additional 199 shares during the period. Principal Securities Inc. grew its stake in shares of Belden by 9.6% in the 4th quarter. Principal Securities Inc. now owns 1,202 shares of the industrial products company’s stock valued at $135,000 after purchasing an additional 105 shares during the last quarter. Finally, KBC Group NV increased its holdings in shares of Belden by 27.8% in the third quarter. KBC Group NV now owns 1,261 shares of the industrial products company’s stock valued at $148,000 after purchasing an additional 274 shares during the period. 98.75% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, SVP Leah Tate sold 2,400 shares of the business’s stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $114.77, for a total value of $275,448.00. Following the sale, the senior vice president now directly owns 23,243 shares in the company, valued at $2,667,599.11. The trade was a 9.36 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Ashish Chand sold 14,535 shares of the stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $111.45, for a total transaction of $1,619,925.75. Following the completion of the sale, the chief executive officer now directly owns 107,129 shares in the company, valued at approximately $11,939,527.05. The trade was a 11.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 19,228 shares of company stock worth $2,147,892 in the last quarter. Company insiders own 1.59% of the company’s stock.

Belden Trading Up 3.0 %

NYSE:BDC opened at $106.05 on Thursday. Belden Inc. has a 1 year low of $80.90 and a 1 year high of $131.82. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.37 and a current ratio of 1.92. The stock has a fifty day moving average price of $114.42 and a two-hundred day moving average price of $115.05. The stock has a market capitalization of $4.27 billion, a price-to-earnings ratio of 22.05 and a beta of 1.02.

Belden (NYSE:BDC) last announced its quarterly earnings results on Thursday, February 6th. The industrial products company reported $1.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.68 by $0.24. Belden had a net margin of 8.06% and a return on equity of 21.42%. As a group, sell-side analysts anticipate that Belden Inc. will post 7.07 earnings per share for the current fiscal year.

Belden Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Thursday, March 13th will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.19%. The ex-dividend date of this dividend is Thursday, March 13th. Belden’s dividend payout ratio (DPR) is 4.16%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Benchmark reaffirmed a “buy” rating and set a $130.00 price target on shares of Belden in a report on Monday, February 10th. Loop Capital reduced their target price on shares of Belden from $155.00 to $145.00 and set a “buy” rating for the company in a research note on Tuesday, February 11th. Finally, StockNews.com upgraded shares of Belden from a “buy” rating to a “strong-buy” rating in a research note on Monday, February 10th. Four analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $130.25.

About Belden

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.