According to Zacks, “Belden Inc is engaged in the design, manufacture and retail of cable, connectivity, and networking products in markets including industrial automation, enterprise, transportation, infrastructure, and consumer electronics. The Company’s products find its application in the industrial automation, enterprise, education, healthcare, entertainment and broadcast, sound and security, transportation, infrastructure, consumer electronics and other industries. Belden has manufacturing capabilities in North America, Europe, and Asia, and a market presence in nearly every region of the world. Belden Inc is based in St. Louis, Missouri. “
BDC has been the topic of several other research reports. TheStreet lowered shares of Belden from a b- rating to a c+ rating in a report on Friday, March 29th. ValuEngine upgraded shares of Belden from a strong sell rating to a sell rating in a report on Tuesday, February 12th. Longbow Research lowered shares of Belden from a buy rating to a neutral rating and set a $63.27 price target on the stock. in a report on Thursday, February 21st. SunTrust Banks raised their price target on shares of Belden to $70.00 and gave the company a hold rating in a report on Thursday, February 21st. Finally, Canaccord Genuity raised their price target on shares of Belden from $60.00 to $70.00 and gave the company a buy rating in a report on Thursday, February 21st. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company’s stock. Belden presently has a consensus rating of Hold and a consensus target price of $69.18.
Belden (NYSE:BDC) last posted its quarterly earnings results on Wednesday, May 1st. The industrial products company reported $0.99 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.89 by $0.10. Belden had a net margin of 6.22% and a return on equity of 21.37%. The firm had revenue of $587.18 million for the quarter, compared to analyst estimates of $577.17 million. During the same quarter last year, the firm posted $1.16 earnings per share. Belden’s revenue for the quarter was down 3.0% compared to the same quarter last year. Analysts forecast that Belden will post 5.82 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 4th. Shareholders of record on Thursday, March 14th were given a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.33%. The ex-dividend date of this dividend was Wednesday, March 13th. Belden’s dividend payout ratio (DPR) is 3.30%.
A number of large investors have recently modified their holdings of BDC. O Shaughnessy Asset Management LLC acquired a new stake in Belden in the fourth quarter valued at approximately $55,000. Public Employees Retirement System of Ohio grew its position in Belden by 12.6% in the fourth quarter. Public Employees Retirement System of Ohio now owns 2,185 shares of the industrial products company’s stock valued at $91,000 after acquiring an additional 244 shares in the last quarter. Howe & Rusling Inc. grew its position in Belden by 28.9% in the fourth quarter. Howe & Rusling Inc. now owns 2,879 shares of the industrial products company’s stock valued at $120,000 after acquiring an additional 646 shares in the last quarter. Neuburgh Advisers LLC grew its position in Belden by 12.1% in the fourth quarter. Neuburgh Advisers LLC now owns 3,840 shares of the industrial products company’s stock valued at $160,000 after acquiring an additional 416 shares in the last quarter. Finally, Quantamental Technologies LLC acquired a new stake in Belden in the fourth quarter valued at approximately $200,000.
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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