Sei Investments Co. Sells 2,348 Shares of Belden Inc. (NYSE:BDC)

Sei Investments Co. lowered its stake in Belden Inc. (NYSE:BDC) by 1.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 161,404 shares of the industrial products company’s stock after selling 2,348 shares during the quarter. Sei Investments Co. owned approximately 0.40% of Belden worth $18,176,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. First Horizon Advisors Inc. increased its position in shares of Belden by 49.9% during the 4th quarter. First Horizon Advisors Inc. now owns 634 shares of the industrial products company’s stock worth $71,000 after purchasing an additional 211 shares during the last quarter. Parkside Financial Bank & Trust increased its holdings in Belden by 31.3% during the fourth quarter. Parkside Financial Bank & Trust now owns 835 shares of the industrial products company’s stock worth $94,000 after buying an additional 199 shares during the last quarter. Principal Securities Inc. raised its position in Belden by 9.6% during the fourth quarter. Principal Securities Inc. now owns 1,202 shares of the industrial products company’s stock worth $135,000 after acquiring an additional 105 shares in the last quarter. TD Private Client Wealth LLC lifted its stake in Belden by 72.3% in the third quarter. TD Private Client Wealth LLC now owns 1,427 shares of the industrial products company’s stock valued at $167,000 after acquiring an additional 599 shares during the last quarter. Finally, Matrix Trust Co grew its position in shares of Belden by 624.8% in the 4th quarter. Matrix Trust Co now owns 1,522 shares of the industrial products company’s stock valued at $171,000 after acquiring an additional 1,312 shares during the period. Institutional investors own 98.75% of the company’s stock.

Insider Activity

In other Belden news, Director Jonathan C. Klein sold 2,129 shares of Belden stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $110.00, for a total value of $234,190.00. Following the completion of the transaction, the director now directly owns 9,968 shares of the company’s stock, valued at $1,096,480. The trade was a 17.60 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Leah Tate sold 2,400 shares of the company’s stock in a transaction on Friday, February 7th. The shares were sold at an average price of $114.77, for a total value of $275,448.00. Following the sale, the senior vice president now owns 23,243 shares of the company’s stock, valued at approximately $2,667,599.11. The trade was a 9.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 23,428 shares of company stock valued at $2,589,774. 1.59% of the stock is owned by company insiders.

Belden Stock Down 0.7 %

Shares of BDC opened at $104.39 on Friday. The firm has a market cap of $4.20 billion, a P/E ratio of 21.70 and a beta of 1.02. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.37 and a current ratio of 1.92. Belden Inc. has a 52 week low of $80.90 and a 52 week high of $131.82. The firm’s 50-day simple moving average is $110.57 and its 200 day simple moving average is $114.76.

Belden (NYSE:BDC) last posted its earnings results on Thursday, February 6th. The industrial products company reported $1.92 EPS for the quarter, beating the consensus estimate of $1.68 by $0.24. Belden had a return on equity of 21.42% and a net margin of 8.06%. On average, analysts forecast that Belden Inc. will post 7.07 earnings per share for the current year.

Belden Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Thursday, March 13th will be issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.19%. The ex-dividend date is Thursday, March 13th. Belden’s dividend payout ratio is currently 4.16%.

Analysts Set New Price Targets

BDC has been the topic of a number of research analyst reports. Benchmark reaffirmed a “buy” rating and issued a $130.00 target price on shares of Belden in a report on Monday, February 10th. StockNews.com upgraded Belden from a “buy” rating to a “strong-buy” rating in a research note on Monday, February 10th. Finally, Loop Capital reduced 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. Four analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $130.25.

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.