American Trust decreased its position in Belden Inc. (NYSE:BDC – Get Rating) by 85.3% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,855 shares of the industrial products company's stock after selling 28,165 shares during the period. American Trust's holdings in Belden were worth $269,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Point72 Hong Kong Ltd increased its stake in Belden by 88.0% in the 1st quarter. Point72 Hong Kong Ltd now owns 515 shares of the industrial products company's stock valued at $29,000 after buying an additional 241 shares during the last quarter. Atlas Capital Advisors LLC purchased a new stake in shares of Belden during the 1st quarter worth approximately $99,000. Profund Advisors LLC increased its stake in shares of Belden by 13.6% during the 1st quarter. Profund Advisors LLC now owns 3,935 shares of the industrial products company's stock worth $218,000 after purchasing an additional 470 shares during the last quarter. Inspire Investing LLC purchased a new stake in shares of Belden during the 1st quarter worth approximately $236,000. Finally, Verition Fund Management LLC purchased a new stake in shares of Belden during the 1st quarter worth approximately $249,000. Hedge funds and other institutional investors own 99.88% of the company's stock.

Insider Buying and Selling at Belden

In other Belden news, SVP Anshuman Mehrotra sold 4,000 shares of the business's stock in a transaction dated Thursday, August 4th. The shares were sold at an average price of $66.61, for a total value of $266,440.00. Following the transaction, the senior vice president now owns 16,402 shares in the company, valued at $1,092,537.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, SVP Anshuman Mehrotra sold 4,000 shares of the business's stock in a transaction dated Thursday, August 4th. The shares were sold at an average price of $66.61, for a total transaction of $266,440.00. Following the transaction, the senior vice president now owns 16,402 shares in the company, valued at $1,092,537.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Roel Vestjens sold 14,424 shares of the business's stock in a transaction dated Thursday, August 4th. The shares were sold at an average price of $66.66, for a total transaction of $961,503.84. Following the transaction, the chief executive officer now owns 44,865 shares in the company, valued at approximately $2,990,700.90. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 19,424 shares of company stock worth $1,294,844. 1.06% of the stock is currently owned by company insiders.

Belden Stock Performance

Belden (NYSE:BDC – Get Rating) last released its quarterly earnings data on Wednesday, August 3rd. The industrial products company reported $1.60 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.43 by $0.17. Belden had a net margin of 3.37% and a return on equity of 25.73%. The firm had revenue of $666.60 million for the quarter, compared to analysts' expectations of $633.68 million. During the same quarter in the previous year, the company earned $1.21 earnings per share. The company's revenue for the quarter was up 15.7% compared to the same quarter last year. Research analysts expect that Belden Inc. will post 6.04 EPS for the current year.

Belden Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 6th. Shareholders of record on Thursday, September 15th will be given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.31%. The ex-dividend date of this dividend is Wednesday, September 14th. Belden's payout ratio is 10.53%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on BDC shares. The Goldman Sachs Group raised their price target on shares of Belden from $59.00 to $67.00 and gave the stock a "neutral" rating in a research note on Thursday, August 4th. TheStreet raised shares of Belden from a "c+" rating to a "b-" rating in a report on Thursday, May 26th. Finally, Truist Financial lifted their price objective on shares of Belden from $67.00 to $77.00 in a report on Thursday, August 4th. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average target price of $78.50.

Belden Company Profile

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Belden Inc provides portfolio of signal transmission solutions 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, interconnect panels, racks and enclosures, and signal extension and matrix switching systems for use in applications, such as local area networks, data centers, access control, 5G, fiber, and home and building automation.

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