Teacher Retirement System of Texas Acquires 13,471 Shares of Belden Inc. (NYSE:BDC)

Teacher Retirement System of Texas raised its holdings in shares of Belden Inc. (NYSE:BDC) by 58.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 36,518 shares of the industrial products company’s stock after acquiring an additional 13,471 shares during the period. Teacher Retirement System of Texas owned approximately 0.09% of Belden worth $4,112,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Xponance Inc. lifted its stake in Belden by 4.5% in the fourth quarter. Xponance Inc. now owns 5,740 shares of the industrial products company’s stock valued at $646,000 after buying an additional 247 shares during the period. Boston Partners raised its position in shares of Belden by 43.1% in the 4th quarter. Boston Partners now owns 230,170 shares of the industrial products company’s stock valued at $26,387,000 after acquiring an additional 69,365 shares during the period. Intech Investment Management LLC boosted its stake in Belden by 57.7% during the 4th quarter. Intech Investment Management LLC now owns 24,594 shares of the industrial products company’s stock worth $2,770,000 after acquiring an additional 8,999 shares during the last quarter. Kennondale Capital Management LLC acquired a new position in Belden during the fourth quarter valued at approximately $715,000. Finally, Counterpoint Mutual Funds LLC bought a new stake in Belden in the fourth quarter valued at approximately $315,000. Institutional investors and hedge funds own 98.75% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. Loop Capital reduced their price target on shares of Belden from $155.00 to $145.00 and set a “buy” rating on the stock in a research report on Tuesday, February 11th. StockNews.com raised Belden from a “buy” rating to a “strong-buy” rating in a research note on Monday, February 10th. Finally, Benchmark reaffirmed a “buy” rating and set a $130.00 price target on shares of Belden in a research report on Monday, February 10th. Four research 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.com, Belden currently has an average rating of “Buy” and a consensus target price of $130.25.

Belden Trading Up 3.6 %

BDC opened at $105.42 on Tuesday. The stock has a market capitalization of $4.25 billion, a P/E ratio of 21.92 and a beta of 1.02. The company has a current ratio of 1.92, a quick ratio of 1.37 and a debt-to-equity ratio of 0.87. Belden Inc. has a 12 month low of $80.90 and a 12 month high of $131.82. The firm’s fifty day simple moving average is $111.30 and its 200 day simple moving average is $114.85.

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

Belden Announces Dividend

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

Insider Transactions at Belden

In related news, Director Gregory James Mccray sold 4,200 shares of the company’s stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $105.21, for a total transaction of $441,882.00. Following the sale, the director now owns 4,199 shares in the company, valued at approximately $441,776.79. This represents a 50.01 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Jonathan C. Klein sold 2,129 shares of the firm’s stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $110.00, for a total value of $234,190.00. Following the completion of the transaction, the director now owns 9,968 shares of the company’s stock, valued at approximately $1,096,480. This represents a 17.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 23,428 shares of company stock valued at $2,589,774 over the last 90 days. 1.59% of the stock is owned by corporate insiders.

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.