Belden Inc. (NYSE:BDC) Shares Purchased by Ashton Thomas Private Wealth LLC

Ashton Thomas Private Wealth LLC grew its holdings in shares of Belden Inc. (NYSE:BDC) by 5.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,277 shares of the industrial products company’s stock after buying an additional 116 shares during the period. Ashton Thomas Private Wealth LLC’s holdings in Belden were worth $257,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Principal Securities Inc. increased its position in Belden by 9.6% in the 4th quarter. Principal Securities Inc. now owns 1,202 shares of the industrial products company’s stock valued at $135,000 after acquiring an additional 105 shares during the period. Arizona State Retirement System lifted its stake in Belden by 1.1% in the 4th quarter. Arizona State Retirement System now owns 11,843 shares of the industrial products company’s stock valued at $1,334,000 after buying an additional 129 shares in the last quarter. Verdence Capital Advisors LLC lifted its stake in Belden by 4.5% in the 3rd quarter. Verdence Capital Advisors LLC now owns 3,465 shares of the industrial products company’s stock valued at $406,000 after buying an additional 148 shares in the last quarter. US Bancorp DE lifted its stake in Belden by 7.4% in the 3rd quarter. US Bancorp DE now owns 2,794 shares of the industrial products company’s stock valued at $327,000 after buying an additional 193 shares in the last quarter. Finally, Parkside Financial Bank & Trust lifted its stake in shares of Belden by 31.3% during the 4th quarter. Parkside Financial Bank & Trust now owns 835 shares of the industrial products company’s stock worth $94,000 after purchasing an additional 199 shares during the period. 98.75% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Belden

In other Belden news, CEO Ashish Chand sold 14,535 shares of the stock in a transaction on Monday, February 24th. The shares were sold at an average price of $111.45, for a total value of $1,619,925.75. Following the sale, the chief executive officer now directly owns 107,129 shares in the company, valued at approximately $11,939,527.05. This trade represents a 11.95 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Jonathan C. Klein sold 2,129 shares of the firm’s stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $110.00, for a total transaction of $234,190.00. Following the sale, the director now owns 9,968 shares in the company, valued at approximately $1,096,480. The trade was a 17.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 23,428 shares of company stock valued at $2,589,774. Corporate insiders own 1.59% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. StockNews.com raised Belden from a “buy” rating to a “strong-buy” rating in a research report on Monday, February 10th. Benchmark reaffirmed a “buy” rating and set a $130.00 target price on shares of Belden in a research report on Monday, February 10th. Finally, Loop Capital lowered their price objective on Belden from $155.00 to $145.00 and set a “buy” rating for the company in a report on Tuesday, February 11th. Four investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $130.25.

Belden Trading Up 1.0 %

Shares of NYSE:BDC opened at $102.11 on Wednesday. The stock has a market capitalization of $4.11 billion, a PE ratio of 21.23 and a beta of 1.02. Belden Inc. has a 1 year low of $80.90 and a 1 year high of $131.82. The firm has a fifty day moving average price of $113.41 and a 200 day moving average price of $115.00. 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 (NYSE:BDC) last released its quarterly earnings results on Thursday, February 6th. The industrial products company reported $1.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.68 by $0.24. Belden had a net margin of 8.06% and a return on equity of 21.42%. Analysts expect that Belden Inc. will post 7.07 EPS for the current fiscal year.

Belden Dividend Announcement

The company 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 dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.20%. The ex-dividend date is Thursday, March 13th. Belden’s payout ratio is 4.16%.

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.