Belden Inc. (NYSE:BDC) Shares Sold by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. reduced its position in shares of Belden Inc. (NYSE:BDC) by 3.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 62,982 shares of the industrial products company’s stock after selling 1,953 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 0.16% of Belden worth $7,092,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Lazard Asset Management LLC increased its stake in shares of Belden by 142.7% in the fourth quarter. Lazard Asset Management LLC now owns 12,830 shares of the industrial products company’s stock worth $1,443,000 after buying an additional 7,544 shares during the last quarter. Leigh Baldwin & CO. LLC bought a new stake in shares of Belden in the fourth quarter worth $2,511,000. Lighthouse Investment Partners LLC bought a new stake in shares of Belden in the fourth quarter worth $1,126,000. Janus Henderson Group PLC increased its stake in shares of Belden by 380.3% in the fourth quarter. Janus Henderson Group PLC now owns 166,354 shares of the industrial products company’s stock worth $18,726,000 after buying an additional 131,719 shares during the last quarter. Finally, Hudson Bay Capital Management LP bought a new stake in shares of Belden in the fourth quarter worth $2,252,000. 98.75% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. Benchmark restated a “buy” rating and issued a $120.00 price target on shares of Belden in a research note on Monday, May 5th. The Goldman Sachs Group dropped their price target on shares of Belden from $139.00 to $120.00 and set a “buy” rating for the company in a research note on Thursday, April 10th. StockNews.com lowered shares of Belden from a “strong-buy” rating to a “buy” rating in a research note on Wednesday. Finally, Loop Capital lowered their target price on shares of Belden from $155.00 to $145.00 and set a “buy” rating for the company in a research note on Tuesday, February 11th. Six analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $126.20.

Belden Stock Up 0.5%

BDC stock opened at $112.47 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. Belden Inc. has a 1-year low of $83.18 and a 1-year high of $131.82. The firm has a fifty day moving average price of $100.80 and a two-hundred day moving average price of $111.03. The firm has a market cap of $4.44 billion, a price-to-earnings ratio of 23.38 and a beta of 1.24.

Belden (NYSE:BDC) last released its earnings results on Thursday, May 1st. The industrial products company reported $1.60 earnings per share for the quarter, beating the consensus estimate of $1.48 by $0.12. Belden had a net margin of 8.06% and a return on equity of 21.42%. The firm had revenue of $624.86 million during the quarter, compared to analyst estimates of $615.81 million. During the same quarter in the previous year, the firm earned $1.24 earnings per share. The firm’s revenue for the quarter was up 16.6% compared to the same quarter last year. Research analysts predict that Belden Inc. will post 7.07 EPS for the current year.

Belden Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, April 10th. Stockholders of record on Thursday, March 13th were given a dividend of $0.05 per share. The ex-dividend date was Thursday, March 13th. This represents a $0.20 annualized dividend and a dividend yield of 0.18%. Belden’s dividend payout ratio is currently 3.86%.

Insider Transactions at Belden

In other news, SVP Leah Tate sold 231 shares of the company’s stock in a transaction dated Wednesday, May 14th. The shares were sold at an average price of $113.64, for a total transaction of $26,250.84. Following the completion of the transaction, the senior vice president now owns 30,170 shares in the company, valued at approximately $3,428,518.80. This represents a 0.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Ashish Chand sold 14,535 shares of the stock in a transaction dated 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 of the company’s stock, valued at $11,939,527.05. This represents a 11.95% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 21,259 shares of company stock worth $2,340,577. Insiders own 1.48% of the company’s stock.

About Belden

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.