Sei Investments Co. Has $18.18 Million Stock Holdings in Belden Inc. (NYSE:BDC)

Sei Investments Co. reduced its position in shares of Belden Inc. (NYSE:BDC) by 1.4% in the 4th quarter, Holdings Channel reports. The firm owned 161,404 shares of the industrial products company’s stock after selling 2,348 shares during the period. Sei Investments Co.’s holdings in Belden were worth $18,176,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in BDC. First Horizon Advisors Inc. increased its stake in shares of Belden by 49.9% in the 4th quarter. First Horizon Advisors Inc. now owns 634 shares of the industrial products company’s stock valued at $71,000 after purchasing an additional 211 shares during the last quarter. Parkside Financial Bank & Trust raised its stake in Belden by 31.3% during the fourth quarter. Parkside Financial Bank & Trust now owns 835 shares of the industrial products company’s stock worth $94,000 after acquiring an additional 199 shares in the last quarter. Principal Securities Inc. raised its stake in Belden by 9.6% during the fourth quarter. Principal Securities Inc. now owns 1,202 shares of the industrial products company’s stock worth $135,000 after acquiring an additional 105 shares in the last quarter. TD Private Client Wealth LLC lifted its holdings in shares of Belden by 72.3% in the third quarter. TD Private Client Wealth LLC now owns 1,427 shares of the industrial products company’s stock worth $167,000 after acquiring an additional 599 shares during the last quarter. Finally, Matrix Trust Co boosted its stake in shares of Belden by 624.8% in the 4th quarter. Matrix Trust Co now owns 1,522 shares of the industrial products company’s stock valued at $171,000 after purchasing an additional 1,312 shares in the last quarter. 98.75% of the stock is currently owned by institutional investors.

Insider Activity at Belden

In related news, SVP Leah Tate sold 2,400 shares of the business’s stock in a transaction 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 in the company, valued at $2,667,599.11. The trade was a 9.36 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Gregory James Mccray sold 4,200 shares of the stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $105.21, for a total value of $441,882.00. Following the sale, the director now owns 4,199 shares of the company’s stock, valued at approximately $441,776.79. The trade was a 50.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 23,428 shares of company stock worth $2,589,774 over the last ninety days. Insiders own 1.59% of the company’s stock.

Belden Trading Down 0.7 %

BDC opened at $104.39 on Friday. The company’s 50 day moving average price is $110.57 and its two-hundred day moving average price is $114.76. The firm has a market capitalization of $4.20 billion, a price-to-earnings ratio of 21.70 and a beta of 1.02. Belden Inc. has a fifty-two week low of $80.90 and a fifty-two week high of $131.82. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.92 and a quick ratio of 1.37.

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, beating analysts’ consensus estimates 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 predict that Belden Inc. will post 7.07 earnings per share for the current year.

Belden Announces Dividend

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

Analysts Set New Price Targets

Several brokerages recently commented on BDC. Loop Capital dropped their price objective on shares of Belden from $155.00 to $145.00 and set a “buy” rating for the company in a research note on Tuesday, February 11th. Benchmark reiterated a “buy” rating and issued a $130.00 price target on shares of Belden in a research note on Monday, February 10th. Finally, StockNews.com raised Belden from a “buy” rating to a “strong-buy” rating in a 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 stock. According to MarketBeat, the stock has an average rating of “Buy” and an average target price of $130.25.

Belden 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.