2 weeks Ago By ABMN Staff
Canada Pension Plan Investment Board bought a new position in Belden Inc. ( NYSE:BDC – Free Report ) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 2,700 shares of the industrial products company’s stock, valued at approximately $253,000.
Other institutional investors have also recently made changes to their positions in the company. Opal Wealth Advisors LLC purchased a new stake in shares of Belden in the 2nd quarter worth $28,000. Rise Advisors LLC purchased a new position in shares of Belden during the 1st quarter valued at about $32,000.
Whittier Trust Co. grew its stake in shares of Belden by 662.2% during the 1st quarter.
Whittier Trust Co. now owns 343 shares of the industrial products company’s stock valued at $32,000 after acquiring an additional 298 shares during the period. TFO Wealth Partners LLC increased its stake in shares of Belden by 33,500.
0% in the fourth quarter. TFO Wealth Partners LLC now owns 1,008 shares of the industrial products company’s stock worth $78,000 after purchasing an additional 1,005 shares in the last quarter. Finally, Innealta Capital LLC bought a new stake in shares of Belden during the 2nd quarter valued at $95,000.
Hedge funds and other institutional investors own 98.75% of the company’s stock. Insider Transactions at Belden In related news, SVP Brian Edward Anderson sold 6,556 shares of the firm’s stock in a transaction dated Thursday, August 15th.
The shares were sold at an average price of $100.46, for a total value of $658,615.76.
Following the transaction, the senior vice president now owns 32,829 shares of the company’s stock, valued at approximately $3,298,001.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link .
In related news, SVP Brian Edward Anderson sold 6,556 shares of the stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $100.46, for a total value of $658,615.
76. Following the transaction, the senior vice president now owns 32,829 shares of the company’s stock, valued at $3,298,001.34.
The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website . Also, EVP Brian Lieser sold 819 shares of Belden stock in a transaction on Wednesday, July 10th. The shares were sold at an average price of $91.
26, for a total value of $74,741.94. Following the sale, the executive vice president now directly owns 21,031 shares of the company’s stock, valued at $1,919,289.
06. The disclosure for this sale can be found here . Over the last ninety days, insiders sold 11,137 shares of company stock worth $1,095,457.
1.59% of the stock is currently owned by insiders. Belden Stock Performance Belden ( NYSE:BDC – Get Free Report ) last issued its quarterly earnings results on Thursday, August 1st.
The industrial products company reported $1.51 EPS for the quarter, beating the consensus estimate of $1.37 by $0.
14. The company had revenue of $604.34 million for the quarter, compared to the consensus estimate of $574.
32 million. Belden had a net margin of 8.51% and a return on equity of 21.
13%. The firm’s revenue was down 12.7% compared to the same quarter last year.
During the same period in the prior year, the firm posted $1.91 EPS. Sell-side analysts predict that Belden Inc.
will post 6.04 earnings per share for the current year. Belden Dividend Announcement The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 8th.
Shareholders of record on Thursday, September 12th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Thursday, September 12th.
This represents a $0.20 dividend on an annualized basis and a yield of 0.17%.
Belden’s payout ratio is 3.91%. Wall Street Analyst Weigh In Several analysts recently issued reports on BDC shares.
StockNews.com upgraded Belden from a “hold” rating to a “buy” rating in a research report on Monday, June 17th. Truist Financial boosted their target price on shares of Belden from $123.
00 to $124.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Benchmark raised their target price on shares of Belden from $115.
00 to $120.00 and gave the company a “buy” rating in a research note on Wednesday, September 18th. Finally, Vertical Research initiated coverage on Belden in a research report on Tuesday, July 23rd.
They issued a “buy” rating and a $110.00 target price on the stock. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company.
According to MarketBeat, Belden has an average rating of “Moderate Buy” and an average price target of $112.00. Check Out Our Latest Analysis on BDC Belden Company Profile ( Free Report ) 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. See Also Want to see what other hedge funds are holding BDC? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Belden Inc. ( NYSE:BDC – Free Report ). Receive News & Ratings for Belden Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Belden and related companies with MarketBeat.
com's FREE daily email newsletter ..
