Belden Inc (BDC) Position Reduced by SG Americas Securities LLC

SG Americas Securities LLC decreased its position in Belden Inc (NYSE:BDC) by 29.9% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 12,383 shares of the industrial products company’s stock after selling 5,290 shares during the period. SG Americas Securities LLC’s holdings in Belden were worth $997,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the stock. Greenwood Capital Associates LLC boosted its stake in Belden by 0.5% in the 2nd quarter. Greenwood Capital Associates LLC now owns 2,989 shares of the industrial products company’s stock worth $225,000 after purchasing an additional 14 shares during the period. Teacher Retirement System of Texas boosted its stake in shares of Belden by 0.4% during the 2nd quarter. Teacher Retirement System of Texas now owns 3,372 shares of the industrial products company’s stock valued at $254,000 after buying an additional 15 shares during the period. Public Employees Retirement System of Ohio boosted its stake in shares of Belden by 0.3% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 26,132 shares of the industrial products company’s stock valued at $1,971,000 after buying an additional 90 shares during the period. Capstone Asset Management Co. boosted its stake in shares of Belden by 4.2% during the 2nd quarter. Capstone Asset Management Co. now owns 3,469 shares of the industrial products company’s stock valued at $262,000 after buying an additional 140 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Belden by 10.1% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,744 shares of the industrial products company’s stock valued at $132,000 after buying an additional 160 shares during the period.

A number of brokerages have issued reports on BDC. Guggenheim reissued a “buy” rating and set a $90.00 target price on shares of Belden in a research note on Monday, September 25th. Canaccord Genuity reissued a “buy” rating and set a $94.00 target price on shares of Belden in a research note on Friday. Cross Research lowered shares of Belden from a “buy” rating to a “hold” rating in a research note on Friday. Zacks Investment Research raised shares of Belden from a “hold” rating to a “buy” rating and set a $92.00 target price for the company in a research note on Friday, November 3rd. Finally, TheStreet lowered shares of Belden from a “b” rating to a “c+” rating in a research note on Wednesday, November 1st. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $87.38.

Shares of Belden Inc (NYSE BDC) opened at $84.10 on Friday. The stock has a market cap of $3,546.83, a price-to-earnings ratio of 16.43 and a beta of 2.27. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.79 and a current ratio of 2.26. Belden Inc has a 52 week low of $64.60 and a 52 week high of $86.85.

Belden (NYSE:BDC) last released its quarterly earnings results on Wednesday, November 1st. The industrial products company reported $1.49 earnings per share for the quarter, beating analysts’ consensus estimates of $1.41 by $0.08. The business had revenue of $621.74 million for the quarter, compared to the consensus estimate of $626.05 million. Belden had a net margin of 4.03% and a return on equity of 17.52%. Belden’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same quarter last year, the firm earned $1.29 EPS. equities research analysts expect that Belden Inc will post 5.52 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 4th. Stockholders of record on Friday, December 15th will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.24%. Belden’s dividend payout ratio is currently 13.79%.

In other news, SVP Paul Keith Turner sold 3,709 shares of the firm’s stock in a transaction on Friday, September 15th. The shares were sold at an average price of $78.91, for a total transaction of $292,677.19. Following the transaction, the senior vice president now owns 4,967 shares in the company, valued at approximately $391,945.97. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman John S. Stroup sold 17,227 shares of the firm’s stock in a transaction 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 disclosure for this sale can be found here. Insiders have sold a total of 21,230 shares of company stock worth $1,775,189 in the last 90 days. 1.31% of the stock is owned by insiders.

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Belden Company Profile

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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Institutional Ownership by Quarter for Belden (NYSE:BDC)

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