Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Belden Inc. (NYSE:BDC) by 41.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,462 shares of the industrial products company’s stock after buying an additional 718 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Belden were worth $190,000 at the end of the most recent quarter.
Other institutional investors have also bought and sold shares of the company. Ladenburg Thalmann Financial Services Inc. boosted its stake in shares of Belden by 550.4% during the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,634 shares of the industrial products company’s stock worth $212,000 after buying an additional 2,229 shares during the last quarter. OxFORD Asset Management LLP acquired a new position in shares of Belden during the 3rd quarter worth about $224,000. Palouse Capital Management Inc. acquired a new position in shares of Belden during the 3rd quarter worth about $225,000. Stifel Financial Corp acquired a new position in shares of Belden during the 2nd quarter worth about $286,000. Finally, Crossmark Global Holdings Inc. acquired a new position in shares of Belden during the 3rd quarter worth about $304,000.
Shares of Belden Inc. (BDC) opened at $73.38 on Friday. The company has a quick ratio of 1.58, a current ratio of 2.02 and a debt-to-equity ratio of 1.09. The stock has a market cap of $3,086.51, a PE ratio of 53.56 and a beta of 2.29. Belden Inc. has a fifty-two week low of $64.60 and a fifty-two week high of $87.14.
Belden (NYSE:BDC) last issued its earnings results on Thursday, February 1st. The industrial products company reported $1.62 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.77 by ($0.15). The firm had revenue of $604.88 million during the quarter, compared to the consensus estimate of $648.92 million. Belden had a net margin of 3.90% and a return on equity of 18.20%. The firm’s revenue for the quarter was down 1.2% compared to the same quarter last year. During the same period in the previous year, the company posted $1.42 earnings per share. analysts predict that Belden Inc. will post 6.09 earnings per share for the current year.
A number of equities analysts have recently commented on BDC shares. ValuEngine downgraded shares of Belden from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Cross Research upgraded shares of Belden from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Zacks Investment Research upgraded shares of Belden from a “hold” rating to a “buy” rating and set a $92.00 price objective for the company in a research note on Friday, November 3rd. Canaccord Genuity restated a “buy” rating and set a $94.00 price objective on shares of Belden in a research note on Friday, December 1st. Finally, Guggenheim restated a “buy” rating and set a $90.00 price objective on shares of Belden in a research note on Wednesday, December 6th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the stock. Belden has a consensus rating of “Hold” and an average price target of $91.43.
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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).
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