Belden Inc. (NYSE:BDC) Stock Holdings Lessened by New York State Common Retirement Fund

New York State Common Retirement Fund cut its position in Belden Inc. (NYSE:BDC) by 16.2% during the 4th quarter, HoldingsChannel reports. The firm owned 157,432 shares of the industrial products company’s stock after selling 30,468 shares during the quarter. New York State Common Retirement Fund’s holdings in Belden were worth $17,728,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Los Angeles Capital Management LLC bought a new stake in Belden in the 3rd quarter valued at about $608,000. GSA Capital Partners LLP bought a new stake in Belden in the 3rd quarter valued at about $687,000. Citigroup Inc. lifted its position in Belden by 157.5% in the 3rd quarter. Citigroup Inc. now owns 32,453 shares of the industrial products company’s stock valued at $3,801,000 after purchasing an additional 19,849 shares during the last quarter. Geode Capital Management LLC lifted its position in Belden by 0.6% in the 3rd quarter. Geode Capital Management LLC now owns 960,974 shares of the industrial products company’s stock valued at $112,580,000 after purchasing an additional 5,727 shares during the last quarter. Finally, Foster & Motley Inc. lifted its position in Belden by 25.3% in the 3rd quarter. Foster & Motley Inc. now owns 38,675 shares of the industrial products company’s stock valued at $4,530,000 after purchasing an additional 7,819 shares during the last quarter. 98.75% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

BDC has been the topic of several recent research reports. 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 report on Friday, November 1st. Loop Capital lowered their target price on shares of Belden from $155.00 to $145.00 and set a “buy” rating on the stock in a research note on Tuesday, February 11th. Benchmark reissued a “buy” rating and set a $130.00 target price on shares of Belden in a research note on Monday, February 10th. Finally, StockNews.com raised shares of Belden from a “buy” rating to a “strong-buy” rating in a research note on Monday, February 10th. Four analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $130.25.

Belden Stock Down 1.9 %

Belden stock opened at $111.41 on Friday. The stock has a market cap of $4.49 billion, a price-to-earnings ratio of 23.16 and a beta of 1.08. 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 company’s 50-day moving average price is $115.53 and its two-hundred day moving average price is $114.36. Belden Inc. has a 52 week low of $80.73 and a 52 week high of $131.82.

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

Insider Transactions at Belden

In other news, SVP Leah Tate sold 2,400 shares of Belden stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $114.77, for a total value of $275,448.00. Following the transaction, the senior vice president now owns 23,243 shares of the company’s stock, valued at $2,667,599.11. The trade was a 9.36 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 1.59% of the company’s stock.

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.