Insider Selling: Belden Inc. (NYSE:BDC) SVP Sells $18,328.64 in Stock

Belden Inc. (NYSE:BDC) SVP Leah Tate sold 164 shares of the business’s stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $111.76, for a total transaction of $18,328.64. Following the completion of the sale, the senior vice president now owns 22,567 shares in the company, valued at $2,522,087.92. This represents a 0.72 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Leah Tate also recently made the following trade(s):

• On Friday, February 7th, Leah Tate sold 2,400 shares of Belden stock. The shares were sold at an average price of $114.77, for a total transaction of $275,448.00.

Belden Stock Performance

Shares of NYSE:BDC opened at $107.06 on Friday. The stock has a market capitalization of $4.31 billion, a P/E ratio of 22.26 and a beta of 1.08. Belden Inc. has a 1-year low of $80.90 and a 1-year high of $131.82. The company has a current ratio of 1.92, a quick ratio of 1.37 and a debt-to-equity ratio of 0.87. The business has a 50-day moving average price of $114.86 and a two-hundred day moving average price of $114.65.

Belden (NYSE:BDC) last announced 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%. Equities analysts predict that Belden Inc. will post 7.07 earnings per share for the current year.

Belden Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Thursday, March 13th will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.19%. Belden’s dividend payout ratio is currently 4.16%.

Analyst Ratings Changes

Several research analysts recently issued reports 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. Truist Financial upped their price target on shares of Belden from $124.00 to $136.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Benchmark reiterated a “buy” rating and set a $130.00 price target on shares of Belden in a research report on Monday, February 10th. 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 stock. According to data from MarketBeat, Belden presently has a consensus rating of “Buy” and a consensus target price of $130.25.

Institutional Trading of Belden

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Aster Capital Management DIFC Ltd bought a new stake in Belden during the 4th quarter worth about $26,000. Prospera Private Wealth LLC bought a new stake in Belden during the 3rd quarter worth about $33,000. Quarry LP increased its stake in shares of Belden by 208.7% in the 4th quarter. Quarry LP now owns 392 shares of the industrial products company’s stock valued at $44,000 after acquiring an additional 265 shares during the last quarter. First Horizon Advisors Inc. increased its stake in shares of Belden by 97.7% in the 3rd quarter. First Horizon Advisors Inc. now owns 423 shares of the industrial products company’s stock valued at $50,000 after acquiring an additional 209 shares during the last quarter. Finally, Public Employees Retirement System of Ohio bought a new stake in shares of Belden in the 4th quarter valued at about $61,000. 98.75% of the stock is owned by institutional investors.

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.