Belden Inc (NYSE:BDC) Chairman John S. Stroup sold 17,227 shares of the business’s stock in a transaction that occurred on Monday, October 9th. The shares were sold at an average price of $84.75, for a total transaction of $1,459,988.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Belden (NYSE:BDC) last posted its quarterly earnings data on Wednesday, August 2nd. The industrial products company reported $1.29 earnings per share for the quarter, topping the consensus estimate of $1.21 by $0.08. Belden had a net margin of 5.53% and a return on equity of 16.31%. The business had revenue of $610.63 million during the quarter, compared to the consensus estimate of $608.16 million. During the same quarter in the prior year, the company posted $1.54 earnings per share. The company’s quarterly revenue was up 1.5% compared to the same quarter last year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 4th. Shareholders of record on Friday, September 15th were issued a dividend of $0.05 per share. The ex-dividend date was Thursday, September 14th. This represents a $0.20 annualized dividend and a yield of 0.24%. Belden’s payout ratio is presently 8.66%.
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A number of hedge funds and other institutional investors have recently bought and sold shares of the business. UBS Asset Management Americas Inc. grew its stake in Belden by 21.0% during the 1st quarter. UBS Asset Management Americas Inc. now owns 25,877 shares of the industrial products company’s stock valued at $1,790,000 after acquiring an additional 4,492 shares in the last quarter. Karp Capital Management Corp bought a new stake in shares of Belden in the 1st quarter valued at approximately $750,000. Parametric Portfolio Associates LLC grew its stake in shares of Belden by 14.2% in the 1st quarter. Parametric Portfolio Associates LLC now owns 70,654 shares of the industrial products company’s stock valued at $4,889,000 after buying an additional 8,770 shares in the last quarter. Oxford Asset Management bought a new stake in shares of Belden in the 1st quarter valued at approximately $339,000. Finally, Envestnet Asset Management Inc. grew its stake in shares of Belden by 60.4% in the 1st quarter. Envestnet Asset Management Inc. now owns 2,234 shares of the industrial products company’s stock valued at $155,000 after buying an additional 841 shares in the last quarter.
Belden Inc is a signal transmission solutions provider company. The Company operates through five segment: Broadcast Solutions (Broadcast), Enterprise Connectivity Solutions (Enterprise), Industrial Connectivity Solutions (Industrial Connectivity), Industrial IT Solutions (Industrial IT), and Network Security Solutions (Network Security).
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