Belden Inc. (NYSE:BDC) Shares Acquired by Atria Investments Inc

Atria Investments Inc increased its stake in shares of Belden Inc. (NYSE:BDC) by 9.5% during the 3rd quarter, Holdings Channel.com reports. The fund owned 6,340 shares of the industrial products company’s stock after purchasing an additional 552 shares during the quarter. Atria Investments Inc’s holdings in Belden were worth $743,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of BDC. Verdence Capital Advisors LLC increased its position in shares of Belden by 4.5% during the third quarter. Verdence Capital Advisors LLC now owns 3,465 shares of the industrial products company’s stock worth $406,000 after purchasing an additional 148 shares in the last quarter. Foster & Motley Inc. grew its stake in Belden by 25.3% during the 3rd quarter. Foster & Motley Inc. now owns 38,675 shares of the industrial products company’s stock worth $4,530,000 after buying an additional 7,819 shares during the last quarter. Harbor Capital Advisors Inc. increased its position in Belden by 126.0% during the third quarter. Harbor Capital Advisors Inc. now owns 33,505 shares of the industrial products company’s stock worth $3,924,000 after buying an additional 18,678 shares during the period. F M Investments LLC lifted its stake in 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. Finally, US Bancorp DE boosted its holdings in shares of Belden by 7.4% in the third quarter. US Bancorp DE now owns 2,794 shares of the industrial products company’s stock valued at $327,000 after acquiring an additional 193 shares during the period. 98.75% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CAO Doug Zink sold 3,000 shares of the stock in a transaction dated 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 transaction, the chief accounting officer now owns 6,643 shares in the company, valued at $855,751.26. This trade represents a 31.11 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.59% of the stock is currently owned by insiders.

Belden Price Performance

Belden stock opened at $118.41 on Tuesday. 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 business has a 50 day simple moving average of $116.26 and a 200-day simple moving average of $103.23. Belden Inc. has a 12 month low of $65.52 and a 12 month high of $131.82. The stock has a market capitalization of $4.78 billion, a PE ratio of 27.54 and a beta of 1.07.

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

Belden Dividend Announcement

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

Wall Street Analyst Weigh In

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