Dimensional Fund Advisors LP Acquires 150,151 Shares of Belden Inc. (BDC)

Dimensional Fund Advisors LP raised its holdings in shares of Belden Inc. (NYSE:BDC) by 9.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,667,711 shares of the industrial products company’s stock after purchasing an additional 150,151 shares during the period. Dimensional Fund Advisors LP’s holdings in Belden were worth $69,660,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the business. JPMorgan Chase & Co. grew its position in shares of Belden by 6.3% during the third quarter. JPMorgan Chase & Co. now owns 56,610 shares of the industrial products company’s stock valued at $4,042,000 after purchasing an additional 3,377 shares in the last quarter. Strs Ohio grew its position in shares of Belden by 6.6% during the fourth quarter. Strs Ohio now owns 77,000 shares of the industrial products company’s stock valued at $3,216,000 after purchasing an additional 4,800 shares in the last quarter. Quantamental Technologies LLC purchased a new position in shares of Belden during the fourth quarter valued at about $200,000. Xact Kapitalforvaltning AB lifted its holdings in shares of Belden by 66.4% in the 4th quarter. Xact Kapitalforvaltning AB now owns 10,530 shares of the industrial products company’s stock valued at $440,000 after acquiring an additional 4,200 shares during the last quarter. Finally, Wedge Capital Management L L P NC lifted its holdings in shares of Belden by 4.1% in the 4th quarter. Wedge Capital Management L L P NC now owns 335,663 shares of the industrial products company’s stock valued at $14,021,000 after acquiring an additional 13,289 shares during the last quarter.

Shares of NYSE:BDC opened at $55.50 on Thursday. The company has a quick ratio of 1.40, a current ratio of 1.97 and a debt-to-equity ratio of 1.01. Belden Inc. has a 12 month low of $37.79 and a 12 month high of $76.39. The stock has a market capitalization of $2.17 billion, a P/E ratio of 9.16 and a beta of 2.56.

Belden (NYSE:BDC) last announced its quarterly earnings results on Wednesday, May 1st. The industrial products company reported $0.99 EPS for the quarter, beating the Zacks’ consensus estimate of $0.89 by $0.10. Belden had a net margin of 7.15% and a return on equity of 20.17%. The firm had revenue of $587.18 million during the quarter, compared to the consensus estimate of $577.17 million. During the same quarter last year, the firm earned $1.16 EPS. The firm’s revenue for the quarter was down 3.0% compared to the same quarter last year. On average, sell-side analysts forecast that Belden Inc. will post 5.86 earnings per share for the current year.

BDC has been the subject of a number of analyst reports. TheStreet raised shares of Belden from a “c+” rating to a “b-” rating in a report on Thursday, February 28th. Seaport Global Securities reaffirmed a “buy” rating on shares of Belden in a report on Friday, February 15th. Canaccord Genuity increased 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. Zacks Investment Research raised shares of Belden from a “sell” rating to a “hold” rating in a report on Tuesday, March 5th. Finally, SunTrust Banks increased their price target on shares of Belden to $70.00 and gave the company a “hold” rating in a report on Thursday, February 21st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company. Belden currently has an average rating of “Hold” and an average price target of $69.18.

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Belden Company Profile

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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Institutional Ownership by Quarter for Belden (NYSE:BDC)

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