6,345 Shares in Belden Inc. (NYSE:BDC) Purchased by Kennondale Capital Management LLC

Kennondale Capital Management LLC bought a new position in Belden Inc. (NYSE:BDC) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 6,345 shares of the industrial products company’s stock, valued at approximately $715,000.

Other large investors also recently added to or reduced their stakes in the company. Prospera Private Wealth LLC bought a new stake in Belden during the third quarter worth approximately $33,000. First Horizon Advisors Inc. increased its stake in Belden by 97.7% during the third quarter. First Horizon Advisors Inc. now owns 423 shares of the industrial products company’s stock worth $50,000 after acquiring an additional 209 shares during the last quarter. Parkside Financial Bank & Trust increased 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 during the last quarter. Principal Securities Inc. grew its stake in shares of Belden by 9.6% during the fourth quarter. Principal Securities Inc. now owns 1,202 shares of the industrial products company’s stock valued at $135,000 after buying an additional 105 shares during the last quarter. Finally, KBC Group NV grew its stake in shares of Belden by 27.8% during the third quarter. KBC Group NV now owns 1,261 shares of the industrial products company’s stock valued at $148,000 after buying an additional 274 shares during the last quarter. 98.75% of the stock is owned by institutional investors.

Belden Stock Up 1.6 %

Shares of NYSE BDC opened at $103.00 on Tuesday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.37 and a current ratio of 1.92. The firm has a market capitalization of $4.15 billion, a price-to-earnings ratio of 21.41 and a beta of 1.02. The stock has a 50 day moving average price of $112.38 and a 200 day moving average price of $114.85. Belden Inc. has a 52-week low of $80.90 and a 52-week high of $131.82.

Belden (NYSE:BDC) last announced 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 return on equity of 21.42% and a net margin of 8.06%. Sell-side analysts expect that Belden Inc. will post 7.07 earnings per share for the current year.

Belden Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Loop Capital cut their target price on Belden from $155.00 to $145.00 and set a “buy” rating on the stock in a research note on Tuesday, February 11th. Benchmark reaffirmed 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 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 given a strong buy rating to the stock. According to data from MarketBeat.com, Belden has a consensus rating of “Buy” and a consensus target price of $130.25.

Insider Activity at Belden

In other Belden news, CEO Ashish Chand sold 14,535 shares of the company’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $111.45, for a total transaction of $1,619,925.75. Following the completion of the sale, the chief executive officer now owns 107,129 shares in the company, valued at $11,939,527.05. This represents a 11.95 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Leah Tate sold 2,400 shares of the company’s stock in a transaction on Friday, February 7th. The stock was sold at an average price of $114.77, for a total value of $275,448.00. Following the sale, the senior vice president now owns 23,243 shares of the company’s stock, valued at approximately $2,667,599.11. This represents a 9.36 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 23,428 shares of company stock worth $2,589,774. Company insiders own 1.59% of the company’s stock.

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.