Seizert Capital Partners LLC Sells 453 Shares of Belden Inc. (NYSE:BDC)

Seizert Capital Partners LLC cut its position in Belden Inc. (NYSE:BDC) by 0.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 48,002 shares of the industrial products company’s stock after selling 453 shares during the period. Seizert Capital Partners LLC’s holdings in Belden were worth $5,622,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in BDC. Renaissance Technologies LLC boosted its holdings in shares of Belden by 15.8% in the 2nd quarter. Renaissance Technologies LLC now owns 313,063 shares of the industrial products company’s stock worth $29,365,000 after acquiring an additional 42,600 shares in the last quarter. Retirement Systems of Alabama boosted its stake in Belden by 2.1% in the second quarter. Retirement Systems of Alabama now owns 249,573 shares of the industrial products company’s stock worth $23,410,000 after purchasing an additional 5,209 shares in the last quarter. Waters Parkerson & CO. LLC grew its holdings in shares of Belden by 2.2% during the second quarter. Waters Parkerson & CO. LLC now owns 214,322 shares of the industrial products company’s stock worth $20,103,000 after purchasing an additional 4,636 shares during the last quarter. Public Employees Retirement Association of Colorado increased its stake in shares of Belden by 60.7% in the second quarter. Public Employees Retirement Association of Colorado now owns 167,430 shares of the industrial products company’s stock valued at $15,705,000 after buying an additional 63,216 shares in the last quarter. Finally, F M Investments LLC raised its holdings in shares of Belden by 2.3% in the third quarter. F M Investments LLC now owns 138,033 shares of the industrial products company’s stock valued at $16,168,000 after buying an additional 3,070 shares during the last quarter. 98.75% of the stock is owned by institutional investors.

Insider Activity at Belden

In related news, CAO Doug Zink sold 3,000 shares of the company’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $128.82, for a total value 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. This represents a 31.11 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.59% of the stock is currently owned by corporate insiders.

Belden Trading Down 1.0 %

Shares of NYSE BDC opened at $118.61 on Friday. Belden Inc. has a fifty-two week low of $65.52 and a fifty-two week high of $131.82. The firm has a market capitalization of $4.78 billion, a P/E ratio of 27.58 and a beta of 1.07. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.07 and a quick ratio of 1.43. The company’s 50 day simple moving average is $115.88 and its 200 day simple moving average is $102.87.

Belden (NYSE:BDC) last posted its quarterly earnings results on Thursday, October 31st. The industrial products company reported $1.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.61 by $0.09. The business had revenue of $654.90 million for the quarter, compared to analyst estimates of $643.63 million. Belden had a return on equity of 20.55% and a net margin of 7.61%. The firm’s revenue was up 4.5% on a year-over-year basis. During the same period last year, the company earned $1.78 EPS. On average, analysts predict that Belden Inc. will post 6.12 EPS for the current year.

Belden Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 8th. Stockholders of record on Thursday, September 12th were paid a $0.05 dividend. The ex-dividend date was Thursday, September 12th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.17%. Belden’s dividend payout ratio (DPR) is presently 4.65%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. Benchmark increased their price objective on shares of Belden from $120.00 to $130.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Truist Financial increased their price target on shares of Belden from $124.00 to $136.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Finally, Vertical Research initiated coverage on shares of Belden in a research report on Tuesday, July 23rd. They issued a “buy” rating and a $110.00 price objective for the company. Five analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $122.75.

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.