WINTON GROUP Ltd Has $3.71 Million Stake in Belden Inc. (NYSE:BDC)

WINTON GROUP Ltd reduced its holdings in Belden Inc. (NYSE:BDC) by 35.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 32,957 shares of the industrial products company’s stock after selling 17,733 shares during the quarter. WINTON GROUP Ltd owned 0.08% of Belden worth $3,711,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the business. First Horizon Advisors Inc. grew its position 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 period. Parkside Financial Bank & Trust boosted its holdings in shares of Belden by 31.3% in the fourth quarter. Parkside Financial Bank & Trust now owns 835 shares of the industrial products company’s stock valued at $94,000 after buying an additional 199 shares during the period. Principal Securities Inc. increased its position 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 worth $135,000 after acquiring an additional 105 shares in the last quarter. TD Private Client Wealth LLC raised its holdings in shares of Belden by 72.3% during 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 period. Finally, Matrix Trust Co lifted its position in 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 acquiring an additional 1,312 shares in the last quarter. Institutional investors and hedge funds own 98.75% of the company’s stock.

Belden Trading Down 0.7 %

Belden stock opened at $104.39 on Friday. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.92 and a quick ratio of 1.37. The firm has a 50-day moving average of $110.57 and a 200-day moving average of $114.76. The company has a market cap of $4.20 billion, a price-to-earnings ratio of 21.70 and a beta of 1.02. Belden Inc. has a one year low of $80.90 and a one year high of $131.82.

Belden (NYSE:BDC) last posted its quarterly earnings results 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%. On average, equities analysts expect that Belden Inc. will post 7.07 earnings per share for the current fiscal year.

Belden Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders 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 yield of 0.19%. The ex-dividend date of this dividend is Thursday, March 13th. Belden’s dividend payout ratio is currently 4.16%.

Insider Activity

In related news, CEO Ashish Chand sold 14,535 shares of Belden stock in a transaction dated 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 transaction, the chief executive officer now owns 107,129 shares in the company, valued at approximately $11,939,527.05. This trade represents a 11.95 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Gregory James Mccray sold 4,200 shares of the company’s stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $105.21, for a total value of $441,882.00. Following the completion of the sale, the director now owns 4,199 shares in the company, valued at $441,776.79. This represents a 50.01 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 23,428 shares of company stock valued at $2,589,774 in the last quarter. Company insiders own 1.59% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on BDC. StockNews.com upgraded Belden from a “buy” rating to a “strong-buy” rating in a report on Monday, February 10th. Benchmark reissued a “buy” rating and issued a $130.00 target price on shares of Belden in a research report on Monday, February 10th. Finally, Loop Capital reduced their price target on Belden from $155.00 to $145.00 and set a “buy” rating for the company in a research report on Tuesday, February 11th. Four analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target 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.