Credit Suisse AG lifted its holdings in shares of Belden Inc. (NYSE:BDC) by 13.0% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 42,610 shares of the industrial products company’s stock after purchasing an additional 4,894 shares during the period. Credit Suisse AG’s holdings in Belden were worth $2,343,000 at the end of the most recent reporting period.
Several other hedge funds have also made changes to their positions in BDC. Emerald Advisers LLC bought a new stake in shares of Belden during the fourth quarter worth $32,000. Emerald Mutual Fund Advisers Trust bought a new stake in shares of Belden during the fourth quarter worth $41,000. Parkside Financial Bank & Trust grew its holdings in shares of Belden by 35.6% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,154 shares of the industrial products company’s stock worth $63,000 after purchasing an additional 303 shares during the last quarter. Public Employees Retirement System of Ohio grew its holdings in shares of Belden by 10.7% during the third quarter. Public Employees Retirement System of Ohio now owns 2,830 shares of the industrial products company’s stock worth $151,000 after purchasing an additional 274 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its holdings in shares of Belden by 11.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,435 shares of the industrial products company’s stock worth $189,000 after purchasing an additional 345 shares during the last quarter.
Shares of BDC opened at $35.69 on Thursday. The company has a quick ratio of 1.59, a current ratio of 1.91 and a debt-to-equity ratio of 1.55. Belden Inc. has a 12-month low of $25.54 and a 12-month high of $62.28. The firm has a market capitalization of $1.57 billion, a PE ratio of 7.26 and a beta of 2.45. The stock’s fifty day simple moving average is $42.63 and its 200-day simple moving average is $50.48.
Belden (NYSE:BDC) last issued its quarterly earnings results on Tuesday, February 4th. The industrial products company reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.13. Belden had a positive return on equity of 17.78% and a negative net margin of 15.74%. The business had revenue of $549.70 million for the quarter, compared to analyst estimates of $520.73 million. During the same quarter in the prior year, the firm posted $1.66 earnings per share. The firm’s revenue for the quarter was down .4% compared to the same quarter last year. Analysts anticipate that Belden Inc. will post 4.19 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 7th. Stockholders of record on Friday, March 13th will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.56%. The ex-dividend date of this dividend is Thursday, March 12th. Belden’s dividend payout ratio (DPR) is presently 4.42%.
Several analysts have recently commented on the company. Cross Research cut Belden from a “hold” rating to a “sell” rating in a report on Thursday, January 23rd. SunTrust Banks upgraded Belden from a “hold” rating to a “buy” rating and decreased their target price for the stock from $56.00 to $47.00 in a report on Monday, March 16th. ValuEngine raised Belden from a “sell” rating to a “hold” rating in a research note on Tuesday, March 17th. Zacks Investment Research raised Belden from a “sell” rating to a “hold” rating in a research note on Tuesday, February 11th. Finally, Longbow Research raised Belden from a “neutral” rating to a “buy” rating and set a $62.00 price target on the stock in a research note on Tuesday, March 3rd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $56.20.
Belden Inc operates as a signal transmission solutions company in the United States and internationally. The company operates in two segments, Enterprise Solutions and Industrial Solutions segments. The Enterprise Solutions segment offers copper cable and connectivity solutions, fiber cable and connectivity solutions, and racks and enclosures for use in applications, such as local area networks, data centers, access control, and building automation, as well as live production and performance, video display and digital signage, and corporate communications.
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