Swiss National Bank Acquires 1,400 Shares of Belden Inc. (NYSE:BDC)

Swiss National Bank grew its holdings in shares of Belden Inc. (NYSE:BDC) by 1.4% in the 1st quarter, Holdings Channel.com reports. The fund owned 102,000 shares of the industrial products company’s stock after purchasing an additional 1,400 shares during the period. Swiss National Bank’s holdings in Belden were worth $4,526,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in BDC. First Trust Advisors LP raised its stake in shares of Belden by 195.4% during the first quarter. First Trust Advisors LP now owns 41,284 shares of the industrial products company’s stock valued at $2,217,000 after acquiring an additional 27,308 shares during the last quarter. SG Americas Securities LLC grew its stake in Belden by 83.3% during the fourth quarter. SG Americas Securities LLC now owns 60,678 shares of the industrial products company’s stock worth $2,542,000 after purchasing an additional 27,576 shares during the period. Aperio Group LLC grew its stake in Belden by 5.9% during the fourth quarter. Aperio Group LLC now owns 16,927 shares of the industrial products company’s stock worth $709,000 after purchasing an additional 947 shares during the period. BlackRock Inc. grew its stake in Belden by 1.6% during the fourth quarter. BlackRock Inc. now owns 4,866,510 shares of the industrial products company’s stock worth $203,907,000 after purchasing an additional 76,415 shares during the period. Finally, Pzena Investment Management LLC grew its stake in Belden by 40.4% during the fourth quarter. Pzena Investment Management LLC now owns 1,968,313 shares of the industrial products company’s stock worth $82,472,000 after purchasing an additional 566,254 shares during the period. 98.59% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE:BDC opened at $53.47 on Friday. The business has a 50 day moving average price of $48.24. The company has a market capitalization of $2.39 billion, a price-to-earnings ratio of -152.77 and a beta of 1.49. The company has a current ratio of 2.10, a quick ratio of 1.55 and a debt-to-equity ratio of 1.79. Belden Inc. has a 52-week low of $28.55 and a 52-week high of $55.16.

Belden (NYSE:BDC) last announced its quarterly earnings results on Tuesday, May 4th. The industrial products company reported $0.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.66 by $0.28. The business had revenue of $536.40 million for the quarter, compared to analyst estimates of $496.58 million. Belden had a positive return on equity of 16.77% and a negative net margin of 0.79%. The company’s quarterly revenue was up 15.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.67 earnings per share. On average, equities research analysts expect that Belden Inc. will post 3.69 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 7th. Shareholders of record on Thursday, June 17th will be issued a $0.05 dividend. The ex-dividend date is Wednesday, June 16th. This represents a $0.20 annualized dividend and a yield of 0.37%. Belden’s payout ratio is currently 7.27%.

Several equities research analysts recently commented on the company. Stifel Nicolaus raised Belden from a “hold” rating to a “buy” rating and raised their target price for the stock from $47.00 to $61.00 in a research note on Friday, May 7th. TheStreet raised Belden from a “c” rating to a “b-” rating in a research note on Wednesday, May 5th. Zacks Investment Research raised Belden from a “hold” rating to a “buy” rating and set a $58.00 target price for the company in a research note on Wednesday, May 12th. Finally, Canaccord Genuity increased their price target on Belden from $46.00 to $47.00 and gave the stock a “hold” rating in a report on Thursday, February 11th. Two investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $50.60.

Belden Profile

Belden Inc operates as a signal transmission solutions company in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. It operates in two segments, Enterprise Solutions and Industrial Solutions. The Enterprise Solutions segment offers copper cable and connectivity solutions, fiber cable and connectivity solutions, racks and enclosures, and signal extension and matrix switching systems for use in applications, such as local area networks, data centers, access control, fiber, and home and building automation.

Featured Story: How does a margin account work?

Want to see what other hedge funds are holding BDC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Belden Inc. (NYSE:BDC).

Institutional Ownership by Quarter for Belden (NYSE:BDC)

Receive News & Ratings for Belden Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Belden and related companies with MarketBeat.com's FREE daily email newsletter.