Fuller & Thaler Asset Management Inc. Has $111.02 Million Position in Belden Inc. (NYSE:BDC)

Fuller & Thaler Asset Management Inc. cut its stake in Belden Inc. (NYSE:BDC) by 0.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 985,884 shares of the industrial products company’s stock after selling 609 shares during the period. Fuller & Thaler Asset Management Inc.’s holdings in Belden were worth $111,020,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of BDC. FMR LLC raised its stake in Belden by 5.0% in the fourth quarter. FMR LLC now owns 4,710,224 shares of the industrial products company’s stock valued at $530,418,000 after purchasing an additional 223,887 shares in the last quarter. Lord Abbett & CO. LLC raised its position in shares of Belden by 10.6% in the 3rd quarter. Lord Abbett & CO. LLC now owns 708,092 shares of the industrial products company’s stock valued at $82,939,000 after buying an additional 68,151 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Belden by 2.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 695,396 shares of the industrial products company’s stock worth $78,309,000 after acquiring an additional 18,825 shares during the period. Norges Bank acquired a new stake in shares of Belden during the 4th quarter worth approximately $54,167,000. Finally, JPMorgan Chase & Co. increased its stake in Belden by 61.2% in the fourth quarter. JPMorgan Chase & Co. now owns 294,925 shares of the industrial products company’s stock valued at $33,212,000 after acquiring an additional 111,952 shares during the last quarter. 98.75% of the stock is currently owned by institutional investors.

Insider Transactions at Belden

In related news, SVP Leah Tate sold 2,400 shares of Belden stock in a transaction on Friday, February 7th. The shares were sold at an average price of $114.77, for a total transaction of $275,448.00. Following the completion of the transaction, the senior vice president now owns 23,243 shares of the company’s stock, valued at $2,667,599.11. This trade represents a 9.36 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Ashish Chand sold 14,535 shares of the business’s stock in a transaction on Monday, February 24th. The shares were 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. The trade was a 11.95 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 23,428 shares of company stock worth $2,589,774 over the last ninety days. 1.59% of the stock is owned by insiders.

Belden Price Performance

Belden stock opened at $94.73 on Wednesday. The company has a market capitalization of $3.77 billion, a PE ratio of 19.69 and a beta of 1.07. 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 stock has a 50-day moving average price of $101.85 and a two-hundred day moving average price of $112.62. Belden Inc. has a 12 month low of $81.02 and a 12 month high of $131.82.

Belden (NYSE:BDC) last posted its earnings results on Thursday, February 6th. The industrial products company reported $1.92 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%. Analysts expect that Belden Inc. will post 7.07 EPS for the current year.

Belden Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, April 10th. Investors of record on Thursday, March 13th were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.21%. The ex-dividend date was Thursday, March 13th. Belden’s dividend payout ratio is currently 4.16%.

Wall Street Analysts Forecast Growth

BDC has been the subject of several recent analyst reports. Benchmark cut their target price on Belden from $130.00 to $120.00 and set a “buy” rating for the company in a research note on Monday. StockNews.com lowered Belden from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, April 15th. Loop Capital lowered their target price on Belden from $155.00 to $145.00 and set a “buy” rating for the company in a research note on Tuesday, February 11th. Finally, The Goldman Sachs Group reduced their price target on shares of Belden from $139.00 to $120.00 and set a “buy” rating on the stock in a research note on Thursday, April 10th. Six investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $126.20.

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.