Schechter Investment Advisors LLC Has $1.24 Million Stock Position in Belden Inc. (NYSE:BDC)

Schechter Investment Advisors LLC increased its position in shares of Belden Inc. (NYSE:BDC) by 36.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,071 shares of the industrial products company’s stock after purchasing an additional 4,260 shares during the quarter. Schechter Investment Advisors LLC’s holdings in Belden were worth $1,241,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in BDC. Bank of Montreal Can increased its position in shares of Belden by 8.2% during the 1st quarter. Bank of Montreal Can now owns 15,131 shares of the industrial products company’s stock worth $867,000 after purchasing an additional 1,142 shares in the last quarter. MetLife Investment Management LLC increased its position in shares of Belden by 40.1% during the 1st quarter. MetLife Investment Management LLC now owns 52,012 shares of the industrial products company’s stock worth $2,881,000 after purchasing an additional 14,895 shares in the last quarter. Panagora Asset Management Inc. acquired a new stake in shares of Belden during the 1st quarter worth about $961,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in Belden by 10.5% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 16,455 shares of the industrial products company’s stock worth $912,000 after acquiring an additional 1,569 shares during the last quarter. Finally, APG Asset Management N.V. bought a new stake in Belden during the 1st quarter worth about $762,000. Institutional investors and hedge funds own 98.75% of the company’s stock.

Belden Stock Up 1.7 %

Belden stock opened at $93.20 on Thursday. The company’s 50 day simple moving average is $82.91 and its 200 day simple moving average is $79.54. Belden Inc. has a fifty-two week low of $60.54 and a fifty-two week high of $99.13. The firm has a market capitalization of $3.83 billion, a price-to-earnings ratio of 16.47 and a beta of 1.03. The company has a debt-to-equity ratio of 1.03, a current ratio of 2.30 and a quick ratio of 1.72.

Belden (NYSE:BDC) last announced its earnings results on Thursday, February 8th. The industrial products company reported $1.46 EPS for the quarter, topping the consensus estimate of $1.12 by $0.34. The firm had revenue of $551.24 million for the quarter, compared to the consensus estimate of $522.06 million. Belden had a net margin of 9.66% and a return on equity of 25.11%. The business’s quarterly revenue was down 16.4% on a year-over-year basis. During the same period last year, the company posted $1.75 EPS. As a group, sell-side analysts anticipate that Belden Inc. will post 5.33 EPS for the current year.

Belden Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 9th. Stockholders of record on Thursday, March 14th will be issued a $0.05 dividend. The ex-dividend date is Wednesday, March 13th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.21%. Belden’s dividend payout ratio (DPR) is presently 3.53%.

Insider Activity

In other news, EVP Brian Lieser sold 2,056 shares of Belden stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $82.30, for a total value of $169,208.80. Following the sale, the executive vice president now directly owns 21,772 shares in the company, valued at $1,791,835.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.42% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on BDC shares. Truist Financial raised their target price on shares of Belden from $89.00 to $98.00 and gave the company a “buy” rating in a research note on Friday, February 9th. StockNews.com raised shares of Belden from a “hold” rating to a “buy” rating in a research note on Wednesday, December 13th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $102.25.

Belden Company 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.