Strs Ohio Has $162,000 Stake in Belden Inc. (NYSE:BDC)

Strs Ohio decreased its stake in shares of Belden Inc. (NYSE:BDC) by 63.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,100 shares of the industrial products company’s stock after selling 3,700 shares during the quarter. Strs Ohio’s holdings in Belden were worth $162,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Blue Trust Inc. grew its position in Belden by 31.9% in the 4th quarter. Blue Trust Inc. now owns 1,079 shares of the industrial products company’s stock valued at $83,000 after purchasing an additional 261 shares during the period. Parkside Financial Bank & Trust lifted its stake in Belden by 15.1% during the 3rd quarter. Parkside Financial Bank & Trust now owns 1,589 shares of the industrial products company’s stock valued at $153,000 after acquiring an additional 209 shares in the last quarter. C M Bidwell & Associates Ltd. lifted its stake in Belden by 181.2% during the 3rd quarter. C M Bidwell & Associates Ltd. now owns 2,188 shares of the industrial products company’s stock valued at $211,000 after acquiring an additional 1,410 shares in the last quarter. Envestnet Portfolio Solutions Inc. bought a new position in Belden during the 3rd quarter valued at $213,000. Finally, GW Henssler & Associates Ltd. bought a new position in Belden during the 3rd quarter valued at $225,000. Institutional investors and hedge funds own 98.75% of the company’s stock.

Belden Trading Down 3.7 %

NYSE BDC opened at $81.33 on Wednesday. The stock has a market capitalization of $3.31 billion, a price-to-earnings ratio of 14.36 and a beta of 1.04. Belden Inc. has a one year low of $60.54 and a one year high of $99.13. The company has a debt-to-equity ratio of 1.03, a current ratio of 2.30 and a quick ratio of 1.72. The business’s fifty day moving average is $86.89 and its 200-day moving average is $77.96.

Belden (NYSE:BDC) last released its earnings results on Thursday, February 8th. The industrial products company reported $1.46 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.34. Belden had a return on equity of 25.11% and a net margin of 9.66%. The company had revenue of $551.24 million for the quarter, compared to analysts’ expectations of $522.06 million. During the same period in the previous year, the business posted $1.75 EPS. The business’s revenue for the quarter was down 16.4% compared to the same quarter last year. Equities research analysts predict that Belden Inc. will post 5.33 EPS for the current year.

Belden Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 9th. Investors of record on Thursday, March 14th were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.25%. The ex-dividend date of this dividend was Wednesday, March 13th. Belden’s dividend payout ratio is currently 3.53%.

Analysts Set New Price Targets

BDC has been the topic of several recent analyst reports. StockNews.com cut Belden from a “buy” rating to a “hold” rating in a research note on Monday, April 22nd. Truist Financial raised their price objective on Belden from $89.00 to $98.00 and gave the company a “buy” rating in a research note on Friday, February 9th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $102.25.

Insider Activity at Belden

In other Belden news, EVP Brian Lieser sold 2,056 shares of Belden stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $82.30, for a total transaction of $169,208.80. Following the completion of the transaction, the executive vice president now owns 21,772 shares of the company’s stock, valued at approximately $1,791,835.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.59% of the stock is currently owned by company insiders.

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.