John S. Stroup Sells 17,227 Shares of Belden Inc (BDC) Stock

Belden Inc (NYSE:BDC) Chairman John S. Stroup sold 17,227 shares of the business’s stock in a transaction dated Monday, October 9th. The shares were sold at an average price of $84.75, for a total transaction of $1,459,988.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Belden Inc (NYSE BDC) opened at 84.44 on Thursday. Belden Inc has a 1-year low of $60.06 and a 1-year high of $86.31. The stock’s 50 day moving average is $79.29 and its 200-day moving average is $73.95. The firm has a market cap of $3.57 billion, a P/E ratio of 36.71 and a beta of 2.26.

Belden (NYSE:BDC) last announced its quarterly earnings data on Wednesday, August 2nd. The industrial products company reported $1.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.21 by $0.08. The firm had revenue of $610.63 million during the quarter, compared to the consensus estimate of $608.16 million. Belden had a return on equity of 16.31% and a net margin of 5.53%. The business’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same period in the prior year, the business earned $1.54 EPS. Analysts forecast that Belden Inc will post $5.44 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 4th. Investors of record on Friday, September 15th were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.24%. The ex-dividend date was Thursday, September 14th. Belden’s dividend payout ratio is currently 8.66%.

TRADEMARK VIOLATION WARNING: “John S. Stroup Sells 17,227 Shares of Belden Inc (BDC) Stock” was first reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this report on another publication, it was illegally copied and republished in violation of US and international copyright & trademark law. The correct version of this report can be accessed at https://ledgergazette.com/2017/10/12/john-s-stroup-sells-17227-shares-of-belden-inc-bdc-stock.html.

Several brokerages recently weighed in on BDC. Zacks Investment Research downgraded shares of Belden from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 3rd. Guggenheim reissued a “buy” rating and issued a $90.00 target price on shares of Belden in a research note on Monday, September 25th. Canaccord Genuity reissued a “buy” rating and issued a $88.00 target price (up previously from $83.00) on shares of Belden in a research note on Wednesday, September 13th. ValuEngine raised shares of Belden from a “hold” rating to a “buy” rating in a research note on Monday, September 11th. Finally, BidaskClub raised shares of Belden from a “sell” rating to a “hold” rating in a research note on Saturday, August 26th. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $85.88.

Institutional investors have recently made changes to their positions in the stock. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Belden by 10.1% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,744 shares of the industrial products company’s stock worth $132,000 after acquiring an additional 160 shares in the last quarter. Point72 Asia Hong Kong Ltd lifted its stake in Belden by 799.6% in the 1st quarter. Point72 Asia Hong Kong Ltd now owns 2,060 shares of the industrial products company’s stock worth $143,000 after acquiring an additional 1,831 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake in Belden by 60.4% in the 1st quarter. Envestnet Asset Management Inc. now owns 2,234 shares of the industrial products company’s stock worth $155,000 after acquiring an additional 841 shares in the last quarter. World Asset Management Inc purchased a new stake in Belden in the 2nd quarter worth about $201,000. Finally, Riverhead Capital Management LLC lifted its stake in Belden by 70.4% in the 2nd quarter. Riverhead Capital Management LLC now owns 2,897 shares of the industrial products company’s stock worth $218,000 after acquiring an additional 1,197 shares in the last quarter.

About Belden

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).

Belden Inc (NYSE BDC) opened at 84.44 on Thursday. Belden Inc has a 1-year low of $60.06 and a 1-year high of $86.31. The stock’s 50 day moving average is $79.29 and its 200-day moving average is $73.95. The firm has a market cap of $3.57 billion, a P/E ratio of 36.71 and a beta of 2.26.

Belden (NYSE:BDC) last announced its quarterly earnings data on Wednesday, August 2nd. The industrial products company reported $1.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.21 by $0.08. The firm had revenue of $610.63 million during the quarter, compared to the consensus estimate of $608.16 million. Belden had a return on equity of 16.31% and a net margin of 5.53%. The business’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same period in the prior year, the business earned $1.54 EPS. Analysts forecast that Belden Inc will post $5.44 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 4th. Investors of record on Friday, September 15th were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.24%. The ex-dividend date was Thursday, September 14th. Belden’s dividend payout ratio is currently 8.66%.

TRADEMARK VIOLATION WARNING: “John S. Stroup Sells 17,227 Shares of Belden Inc (BDC) Stock” was first reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this report on another publication, it was illegally copied and republished in violation of US and international copyright & trademark law. The correct version of this report can be accessed at https://ledgergazette.com/2017/10/12/john-s-stroup-sells-17227-shares-of-belden-inc-bdc-stock.html.

Several brokerages recently weighed in on BDC. Zacks Investment Research downgraded shares of Belden from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 3rd. Guggenheim reissued a “buy” rating and issued a $90.00 target price on shares of Belden in a research note on Monday, September 25th. Canaccord Genuity reissued a “buy” rating and issued a $88.00 target price (up previously from $83.00) on shares of Belden in a research note on Wednesday, September 13th. ValuEngine raised shares of Belden from a “hold” rating to a “buy” rating in a research note on Monday, September 11th. Finally, BidaskClub raised shares of Belden from a “sell” rating to a “hold” rating in a research note on Saturday, August 26th. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $85.88.

Institutional investors have recently made changes to their positions in the stock. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Belden by 10.1% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,744 shares of the industrial products company’s stock worth $132,000 after acquiring an additional 160 shares in the last quarter. Point72 Asia Hong Kong Ltd lifted its stake in Belden by 799.6% in the 1st quarter. Point72 Asia Hong Kong Ltd now owns 2,060 shares of the industrial products company’s stock worth $143,000 after acquiring an additional 1,831 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake in Belden by 60.4% in the 1st quarter. Envestnet Asset Management Inc. now owns 2,234 shares of the industrial products company’s stock worth $155,000 after acquiring an additional 841 shares in the last quarter. World Asset Management Inc purchased a new stake in Belden in the 2nd quarter worth about $201,000. Finally, Riverhead Capital Management LLC lifted its stake in Belden by 70.4% in the 2nd quarter. Riverhead Capital Management LLC now owns 2,897 shares of the industrial products company’s stock worth $218,000 after acquiring an additional 1,197 shares in the last quarter.

About Belden

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).

Insider Buying and Selling 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 MarketBeat.com's FREE daily email newsletter.