Seizert Capital Partners LLC Has $5.62 Million Holdings in Belden Inc. (NYSE:BDC)

Seizert Capital Partners LLC trimmed its holdings in shares of Belden Inc. (NYSE:BDC) by 0.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 48,002 shares of the industrial products company’s stock after selling 453 shares during the quarter. Seizert Capital Partners LLC owned about 0.12% of Belden worth $5,622,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. F M Investments LLC acquired a new position in shares of Belden during the 2nd quarter valued at about $12,659,000. Public Employees Retirement Association of Colorado grew its holdings in Belden by 1,724.8% during the first quarter. Public Employees Retirement Association of Colorado now owns 104,214 shares of the industrial products company’s stock valued at $9,651,000 after purchasing an additional 98,503 shares during the last quarter. International Assets Investment Management LLC bought a new position in shares of Belden in the third quarter valued at approximately $82,320,000. Renaissance Technologies LLC lifted its stake in shares of Belden by 15.8% in the second quarter. Renaissance Technologies LLC now owns 313,063 shares of the industrial products company’s stock worth $29,365,000 after buying an additional 42,600 shares during the last quarter. Finally, Harbor Capital Advisors Inc. boosted its holdings in shares of Belden by 126.0% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 33,505 shares of the industrial products company’s stock worth $3,924,000 after buying an additional 18,678 shares during the period. 98.75% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Belden

In other news, CAO Doug Zink sold 3,000 shares of the company’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $128.82, for a total value of $386,460.00. Following the sale, the chief accounting officer now directly owns 6,643 shares in the company, valued at approximately $855,751.26. This represents a 31.11 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 1.59% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on BDC shares. Truist Financial lifted their target price on shares of Belden from $124.00 to $136.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Vertical Research began coverage on Belden in a research report on Tuesday, July 23rd. They set a “buy” rating and a $110.00 price objective for the company. Finally, Benchmark raised their target price on Belden from $120.00 to $130.00 and gave the company a “buy” rating in a report on Friday, November 1st. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Belden has a consensus rating of “Buy” and a consensus price target of $122.75.

Belden Stock Performance

NYSE BDC opened at $118.61 on Friday. The company’s fifty day moving average is $115.88 and its two-hundred day moving average is $102.87. Belden Inc. has a 52-week low of $65.52 and a 52-week high of $131.82. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.07 and a quick ratio of 1.43. The firm has a market capitalization of $4.78 billion, a price-to-earnings ratio of 27.58 and a beta of 1.07.

Belden (NYSE:BDC) last released its earnings results on Thursday, October 31st. The industrial products company reported $1.70 earnings per share for the quarter, topping analysts’ consensus estimates of $1.61 by $0.09. Belden had a return on equity of 20.55% and a net margin of 7.61%. The business had revenue of $654.90 million for the quarter, compared to the consensus estimate of $643.63 million. During the same period last year, the business earned $1.78 earnings per share. The firm’s revenue for the quarter was up 4.5% compared to the same quarter last year. Equities research analysts forecast that Belden Inc. will post 6.12 EPS for the current year.

Belden Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 8th. Shareholders of record on Thursday, September 12th were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Thursday, September 12th. This represents a $0.20 dividend on an annualized basis and a yield of 0.17%. Belden’s dividend payout ratio is currently 4.65%.

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.