Natixis Advisors LLC Sells 1,387 Shares of Belden Inc. (NYSE:BDC)

Natixis Advisors LLC lessened its stake in Belden Inc. (NYSE:BDC) by 3.5% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 37,852 shares of the industrial products company’s stock after selling 1,387 shares during the quarter. Natixis Advisors LLC owned approximately 0.09% of Belden worth $4,263,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Citigroup Inc. lifted its stake in Belden by 157.5% in the 3rd quarter. Citigroup Inc. now owns 32,453 shares of the industrial products company’s stock worth $3,801,000 after purchasing an additional 19,849 shares in the last quarter. Geode Capital Management LLC boosted its stake in Belden by 0.6% during the third quarter. Geode Capital Management LLC now owns 960,974 shares of the industrial products company’s stock valued at $112,580,000 after buying an additional 5,727 shares during the last quarter. Cerity Partners LLC grew its holdings in Belden by 32.4% during the 3rd quarter. Cerity Partners LLC now owns 12,759 shares of the industrial products company’s stock valued at $1,494,000 after buying an additional 3,120 shares in the last quarter. Barclays PLC increased its stake in Belden by 189.4% in the 3rd quarter. Barclays PLC now owns 80,132 shares of the industrial products company’s stock worth $9,386,000 after acquiring an additional 52,439 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in shares of Belden by 15.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 182,973 shares of the industrial products company’s stock worth $21,432,000 after acquiring an additional 23,936 shares in the last quarter. Institutional investors own 98.75% of the company’s stock.

Insider Buying and Selling at Belden

In other Belden news, CEO Ashish Chand sold 14,535 shares of the business’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $111.45, for a total value of $1,619,925.75. Following the completion of the sale, the chief executive officer now directly owns 107,129 shares of the company’s stock, valued at $11,939,527.05. The trade was a 11.95 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Gregory James Mccray sold 4,200 shares of the firm’s stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $105.21, for a total transaction of $441,882.00. Following the transaction, the director now directly owns 4,199 shares in the company, valued at approximately $441,776.79. This trade represents a 50.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 23,428 shares of company stock valued at $2,589,774 in the last quarter. 1.59% of the stock is owned by insiders.

Belden Stock Down 0.8 %

NYSE BDC opened at $101.91 on Friday. The company has a quick ratio of 1.37, a current ratio of 1.92 and a debt-to-equity ratio of 0.87. Belden Inc. has a 52 week low of $80.90 and a 52 week high of $131.82. The firm has a market capitalization of $4.10 billion, a price-to-earnings ratio of 21.19 and a beta of 1.02. The company has a fifty day moving average of $111.47 and a two-hundred day moving average of $114.65.

Belden (NYSE:BDC) last issued its quarterly earnings results on Thursday, February 6th. The industrial products company reported $1.92 EPS for the quarter, beating the consensus estimate of $1.68 by $0.24. Belden had a net margin of 8.06% and a return on equity of 21.42%. On average, analysts predict that Belden Inc. will post 7.07 earnings per share for the current year.

Belden Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Thursday, March 13th will be issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.20%. The ex-dividend date of this dividend is Thursday, March 13th. Belden’s payout ratio is currently 4.16%.

Analyst Ratings Changes

Several brokerages recently weighed in on BDC. Benchmark restated a “buy” rating and issued a $130.00 price target on shares of Belden in a research report on Monday, February 10th. Loop Capital dropped their price objective 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 report 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’s stock. According to MarketBeat, Belden currently has a consensus rating of “Buy” and an average price target 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.