In a report released today, Chris Dankert from Loop Capital Markets reiterated a Buy rating on Belden (BDC – Research Report), with a price target of $110.00. The company’s shares closed yesterday at $87.89.
Dankert covers the Industrials sector, focusing on stocks such as Fastenal Company, Wesco International, and Applied Tech. According to TipRanks, Dankert has an average return of 15.1% and a 77.08% success rate on recommended stocks.
In addition to Loop Capital Markets, Belden also received a Buy from Truist Financial’s William Stein in a report issued on August 4. However, on August 3, Goldman Sachs maintained a Hold rating on Belden (NYSE: BDC).
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BDC market cap is currently $3.72B and has a P/E ratio of 12.93.
Based on the recent corporate insider activity of 59 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of BDC in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Belden, Inc. engages in the provision of innovative signal transmission solutions. It operates through the Enterprise Solutions and Industrial Solutions segments. The Enterprise Solutions segment offers network infrastructure solutions, as well as cabling and connectivity solutions for broadcast, commercial audio/video, and security applications. The Industrial Solutions segment includes physical network and fieldbus infrastructure components and on-machine connectivity systems customized to end user, and original equipment manufacturer (OEM) needs. The company was founded by Joseph C. Belden in 1902 and is headquartered in St. Louis, MO.
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