Belden Inc (BDC) Chairman Sells $1,459,988.25 in Stock

Belden Inc (NYSE:BDC) Chairman John S. Stroup sold 17,227 shares of the stock in a transaction that occurred on Monday, October 9th. The stock was sold at an average price of $84.75, for a total transaction of $1,459,988.25. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Shares of Belden Inc (BDC) opened at 83.69 on Friday. The company’s 50-day moving average is $81.19 and its 200-day moving average is $74.70. Belden Inc has a 12-month low of $60.06 and a 12-month high of $86.31. The firm has a market capitalization of $3.54 billion, a price-to-earnings ratio of 36.39 and a beta of 2.26.

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

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

ILLEGAL ACTIVITY NOTICE: “Belden Inc (BDC) Chairman Sells $1,459,988.25 in Stock” was first published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this piece on another site, it was stolen and reposted in violation of international copyright legislation. The legal version of this piece can be viewed at https://ledgergazette.com/2017/10/21/john-s-stroup-sells-17227-shares-of-belden-inc-bdc-stock.html.

Several institutional investors have recently modified their holdings of the company. Janus Henderson Group PLC acquired a new stake in shares of Belden in the second quarter worth $369,478,000. BlackRock Inc. lifted its stake in shares of Belden by 0.7% in the second quarter. BlackRock Inc. now owns 4,296,433 shares of the industrial products company’s stock worth $324,082,000 after buying an additional 31,973 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Belden by 0.4% in the second quarter. Vanguard Group Inc. now owns 3,568,140 shares of the industrial products company’s stock worth $269,145,000 after buying an additional 14,086 shares during the last quarter. State Street Corp lifted its stake in shares of Belden by 1.7% in the second quarter. State Street Corp now owns 1,393,807 shares of the industrial products company’s stock worth $105,133,000 after buying an additional 22,944 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Belden by 8.9% in the second quarter. Dimensional Fund Advisors LP now owns 1,233,000 shares of the industrial products company’s stock worth $93,006,000 after buying an additional 101,168 shares during the last quarter.

A number of equities analysts have weighed in on the stock. Guggenheim reaffirmed a “buy” rating and set a $90.00 price target on shares of Belden in a research note on Monday, September 25th. Canaccord Genuity reaffirmed a “buy” rating and set a $83.00 price target on shares of Belden in a research note on Friday, August 4th. Deutsche Bank AG increased their price objective on shares of Belden from $85.00 to $92.00 and gave the stock a “buy” rating in a research report on Thursday, August 3rd. BidaskClub lowered shares of Belden from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. Finally, Zacks Investment Research lowered shares of Belden from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 3rd. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Belden has an average rating of “Buy” and an average price target of $85.88.

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).

Shares of Belden Inc (BDC) opened at 83.69 on Friday. The company’s 50-day moving average is $81.19 and its 200-day moving average is $74.70. Belden Inc has a 12-month low of $60.06 and a 12-month high of $86.31. The firm has a market capitalization of $3.54 billion, a price-to-earnings ratio of 36.39 and a beta of 2.26.

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

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

ILLEGAL ACTIVITY NOTICE: “Belden Inc (BDC) Chairman Sells $1,459,988.25 in Stock” was first published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this piece on another site, it was stolen and reposted in violation of international copyright legislation. The legal version of this piece can be viewed at https://ledgergazette.com/2017/10/21/john-s-stroup-sells-17227-shares-of-belden-inc-bdc-stock.html.

Several institutional investors have recently modified their holdings of the company. Janus Henderson Group PLC acquired a new stake in shares of Belden in the second quarter worth $369,478,000. BlackRock Inc. lifted its stake in shares of Belden by 0.7% in the second quarter. BlackRock Inc. now owns 4,296,433 shares of the industrial products company’s stock worth $324,082,000 after buying an additional 31,973 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Belden by 0.4% in the second quarter. Vanguard Group Inc. now owns 3,568,140 shares of the industrial products company’s stock worth $269,145,000 after buying an additional 14,086 shares during the last quarter. State Street Corp lifted its stake in shares of Belden by 1.7% in the second quarter. State Street Corp now owns 1,393,807 shares of the industrial products company’s stock worth $105,133,000 after buying an additional 22,944 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Belden by 8.9% in the second quarter. Dimensional Fund Advisors LP now owns 1,233,000 shares of the industrial products company’s stock worth $93,006,000 after buying an additional 101,168 shares during the last quarter.

A number of equities analysts have weighed in on the stock. Guggenheim reaffirmed a “buy” rating and set a $90.00 price target on shares of Belden in a research note on Monday, September 25th. Canaccord Genuity reaffirmed a “buy” rating and set a $83.00 price target on shares of Belden in a research note on Friday, August 4th. Deutsche Bank AG increased their price objective on shares of Belden from $85.00 to $92.00 and gave the stock a “buy” rating in a research report on Thursday, August 3rd. BidaskClub lowered shares of Belden from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. Finally, Zacks Investment Research lowered shares of Belden from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 3rd. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Belden has an average rating of “Buy” and an average price target of $85.88.

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).

Insider Buying and Selling by Quarter for Belden (NYSE:BDC)

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