Dupont Capital Management Corp grew its stake in Belden Inc (NYSE:BDC) by 167.1% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 53,900 shares of the industrial products company’s stock after purchasing an additional 33,720 shares during the quarter. Dupont Capital Management Corp owned about 0.13% of Belden worth $4,341,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Lazard Asset Management LLC lifted its stake in shares of Belden by 223.2% in the 2nd quarter. Lazard Asset Management LLC now owns 474,831 shares of the industrial products company’s stock valued at $35,816,000 after purchasing an additional 327,914 shares during the period. William Blair Investment Management LLC lifted its stake in shares of Belden by 8.3% in the 2nd quarter. William Blair Investment Management LLC now owns 338,909 shares of the industrial products company’s stock valued at $25,564,000 after purchasing an additional 26,047 shares during the period. American Century Companies Inc. lifted its stake in shares of Belden by 1,189.7% in the 2nd quarter. American Century Companies Inc. now owns 246,663 shares of the industrial products company’s stock valued at $18,606,000 after purchasing an additional 227,538 shares during the period. Federated Investors Inc. PA lifted its stake in shares of Belden by 17.4% in the 2nd quarter. Federated Investors Inc. PA now owns 27,784 shares of the industrial products company’s stock valued at $2,095,000 after purchasing an additional 4,108 shares during the period. Finally, Kennedy Capital Management Inc. lifted its stake in shares of Belden by 37.3% in the 2nd quarter. Kennedy Capital Management Inc. now owns 646,435 shares of the industrial products company’s stock valued at $48,761,000 after purchasing an additional 175,775 shares during the period.

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Belden Inc (BDC) opened at $82.03 on Monday. Belden Inc has a 1-year low of $60.06 and a 1-year high of $86.31. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.79 and a current ratio of 2.26. The stock has a market capitalization of $3,469.81, a PE ratio of 16.02 and a beta of 2.26.

Belden (NYSE:BDC) last issued its quarterly earnings results on Wednesday, November 1st. The industrial products company reported $1.49 earnings per share (EPS) 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 company had revenue of $621.74 million during the quarter, compared to analysts’ expectations of $626.05 million. During the same period last year, the company posted $1.29 EPS. Belden’s revenue was up 3.4% on a year-over-year basis. equities analysts forecast that Belden Inc will post 5.52 earnings per share for the current year.

In other Belden news, Chairman John S. Stroup sold 17,227 shares of the company’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 value of $1,459,988.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Paul Keith Turner sold 3,709 shares of the company’s stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $78.91, for a total transaction of $292,677.19. Following the completion of the transaction, the senior vice president now owns 4,967 shares of the company’s stock, valued at $391,945.97. The disclosure for this sale can be found here. Insiders sold 21,230 shares of company stock valued at $1,775,189 over the last quarter. Company insiders own 1.31% of the company’s stock.

A number of research firms have recently weighed in on BDC. Zacks Investment Research raised Belden from a “hold” rating to a “buy” rating and set a $92.00 price target on the stock in a research note on Friday. Guggenheim restated a “buy” rating and issued a $90.00 price objective on shares of Belden in a research report on Monday, September 25th. Canaccord Genuity restated a “buy” rating and issued a $83.00 price objective on shares of Belden in a research report on Friday, August 4th. Deutsche Bank AG upped their price objective on shares of Belden from $85.00 to $92.00 and gave the company a “buy” rating in a research report on Thursday, August 3rd. Finally, BidaskClub cut shares of Belden from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $86.63.

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).

Institutional Ownership by Quarter for Belden (NYSE:BDC)

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