FDx Advisors Inc. purchased a new position in shares of Belden Inc (NYSE:BDC) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,791 shares of the industrial products company’s stock, valued at approximately $305,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Greenwood Capital Associates LLC boosted its holdings in Belden by 0.5% during the second quarter. Greenwood Capital Associates LLC now owns 2,989 shares of the industrial products company’s stock worth $225,000 after buying an additional 14 shares in the last quarter. Teacher Retirement System of Texas boosted its holdings in Belden by 0.4% during the second quarter. Teacher Retirement System of Texas now owns 3,372 shares of the industrial products company’s stock worth $254,000 after buying an additional 15 shares in the last quarter. Public Employees Retirement System of Ohio boosted its holdings in Belden by 0.3% during the second quarter. Public Employees Retirement System of Ohio now owns 26,132 shares of the industrial products company’s stock worth $1,971,000 after buying an additional 90 shares in the last quarter. Nisa Investment Advisors LLC boosted its holdings in Belden by 0.4% during the second quarter. Nisa Investment Advisors LLC now owns 24,210 shares of the industrial products company’s stock worth $1,803,000 after buying an additional 100 shares in the last quarter. Finally, Capstone Asset Management Co. boosted its holdings in Belden by 4.2% during the second quarter. Capstone Asset Management Co. now owns 3,469 shares of the industrial products company’s stock worth $262,000 after buying an additional 140 shares in the last quarter.

Shares of Belden Inc (NYSE:BDC) opened at $84.52 on Wednesday. Belden Inc has a 12-month low of $64.60 and a 12-month high of $86.31. The stock has a market cap of $3,526.58, a PE ratio of 16.33 and a beta of 2.26. 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 (NYSE:BDC) last announced 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. Belden had a net margin of 4.03% and a return on equity of 17.52%. The business had revenue of $621.74 million during the quarter, compared to analysts’ expectations of $626.05 million. During the same period last year, the business earned $1.29 earnings per share. The business’s revenue for the quarter was up 3.4% on a year-over-year basis. analysts predict that Belden Inc will post 5.52 EPS for the current year.

In other Belden news, SVP Paul Keith Turner sold 3,709 shares of Belden stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $78.91, for a total transaction of $292,677.19. Following the completion of the sale, the senior vice president now directly owns 4,967 shares in the company, valued at $391,945.97. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman John S. Stroup sold 17,227 shares of the firm’s stock in a transaction that occurred 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. Over the last quarter, insiders have sold 21,230 shares of company stock valued at $1,775,189. Company insiders own 1.31% of the company’s stock.

Several equities analysts have issued reports on BDC shares. BidaskClub downgraded shares of Belden from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. Deutsche Bank AG increased their price objective on shares of Belden from $85.00 to $92.00 and gave the company a “buy” rating in a report on Thursday, August 3rd. Canaccord Genuity reaffirmed a “buy” rating and set a $83.00 price objective on shares of Belden in a report on Friday, August 4th. ValuEngine raised shares of Belden from a “hold” rating to a “buy” rating in a report on Monday, September 11th. Finally, Guggenheim reaffirmed a “buy” rating and set a $90.00 price objective on shares of Belden in a report on Monday, September 25th. Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $86.63.

TRADEMARK VIOLATION WARNING: “3,791 Shares in Belden Inc (BDC) Purchased by FDx Advisors Inc.” was originally reported by Watch List News and is owned by of Watch List News. If you are viewing this article on another publication, it was stolen and republished in violation of US and international trademark and copyright laws. The correct version of this article can be viewed at https://www.watchlistnews.com/3791-shares-in-belden-inc-bdc-purchased-by-fdx-advisors-inc/1719457.html.

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).

Want to see what other hedge funds are holding BDC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Belden Inc (NYSE:BDC).

Institutional Ownership by Quarter for Belden (NYSE:BDC)

Receive News & Ratings for Belden Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Belden Inc and related companies with Analyst Ratings Network's FREE daily email newsletter.