Duality Advisers LP Purchases Shares of 22,440 Belden Inc. (NYSE:BDC)

Duality Advisers LP acquired a new position in shares of Belden Inc. (NYSE:BDC) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 22,440 shares of the industrial products company’s stock, valued at approximately $1,733,000. Duality Advisers LP owned 0.05% of Belden as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in BDC. Ronald Blue Trust Inc. raised its position in Belden by 326.0% in the third quarter. Ronald Blue Trust Inc. now owns 818 shares of the industrial products company’s stock worth $78,000 after purchasing an additional 626 shares in the last quarter. Blue Trust Inc. raised its holdings in shares of Belden by 31.9% in the 4th quarter. Blue Trust Inc. now owns 1,079 shares of the industrial products company’s stock worth $83,000 after buying an additional 261 shares in the last quarter. Parkside Financial Bank & Trust lifted its position in shares of Belden by 15.1% during the 3rd quarter. Parkside Financial Bank & Trust now owns 1,589 shares of the industrial products company’s stock worth $153,000 after buying an additional 209 shares during the period. C M Bidwell & Associates Ltd. lifted its position in shares of Belden by 181.2% during the 3rd quarter. C M Bidwell & Associates Ltd. now owns 2,188 shares of the industrial products company’s stock worth $211,000 after buying an additional 1,410 shares during the period. Finally, Envestnet Portfolio Solutions Inc. acquired a new stake in Belden in the 3rd quarter valued at $213,000. 98.75% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, EVP Brian Lieser sold 2,056 shares of Belden stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $82.30, for a total value of $169,208.80. Following the completion of the sale, the executive vice president now directly owns 21,772 shares of the company’s stock, valued at approximately $1,791,835.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.42% of the company’s stock.

Belden Price Performance

Belden stock opened at $83.33 on Tuesday. Belden Inc. has a 52 week low of $60.54 and a 52 week high of $99.13. The firm has a market cap of $3.39 billion, a P/E ratio of 14.72 and a beta of 1.04. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.72 and a current ratio of 2.30. The business’s fifty day moving average is $86.89 and its two-hundred day moving average is $78.38.

Belden (NYSE:BDC) last issued its quarterly earnings results on Thursday, February 8th. The industrial products company reported $1.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.34. The business had revenue of $551.24 million for the quarter, compared to the consensus estimate of $522.06 million. Belden had a net margin of 9.66% and a return on equity of 25.11%. During the same quarter in the prior year, the company earned $1.75 EPS. The firm’s quarterly revenue was down 16.4% on a year-over-year basis. Equities research analysts forecast that Belden Inc. will post 5.33 earnings per share for the current fiscal year.

Belden Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 9th. Investors of record on Thursday, March 14th were given a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.24%. The ex-dividend date was Wednesday, March 13th. Belden’s dividend payout ratio (DPR) is presently 3.53%.

Analyst Upgrades and Downgrades

BDC has been the subject of a number of analyst reports. StockNews.com cut Belden from a “buy” rating to a “hold” rating in a report on Monday. Truist Financial increased their target price on shares of Belden from $89.00 to $98.00 and gave the stock a “buy” rating in a research report on Friday, February 9th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $102.25.

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.