TFS Capital LLC Invests $384,000 in Belden Inc. (BDC)

TFS Capital LLC purchased a new stake in shares of Belden Inc. (NYSE:BDC) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 5,545 shares of the industrial products company’s stock, valued at approximately $384,000.

Other institutional investors have also recently made changes to their positions in the company. State Treasurer State of Michigan increased its position in shares of Belden by 0.6% in the first quarter. State Treasurer State of Michigan now owns 17,100 shares of the industrial products company’s stock valued at $1,183,000 after buying an additional 100 shares during the period. Oregon Public Employees Retirement Fund increased its position in shares of Belden by 1.4% in the first quarter. Oregon Public Employees Retirement Fund now owns 14,673 shares of the industrial products company’s stock valued at $1,015,000 after buying an additional 200 shares during the period. Advisors Asset Management Inc. increased its position in shares of Belden by 9.6% in the first quarter. Advisors Asset Management Inc. now owns 3,093 shares of the industrial products company’s stock valued at $214,000 after buying an additional 272 shares during the period. Virginia Retirement Systems ET AL increased its position in shares of Belden by 1.3% in the third quarter. Virginia Retirement Systems ET AL now owns 22,600 shares of the industrial products company’s stock valued at $1,559,000 after buying an additional 300 shares during the period. Finally, Louisiana State Employees Retirement System increased its position in shares of Belden by 2.9% in the first quarter. Louisiana State Employees Retirement System now owns 10,700 shares of the industrial products company’s stock valued at $740,000 after buying an additional 300 shares during the period.

Institutional Ownership by Quarter for Belden (NYSE:BDC)

Belden Inc. (NYSE:BDC) traded up 1.12% during midday trading on Friday, reaching $67.99. 282,207 shares of the company traded hands. Belden Inc. has a 12-month low of $54.97 and a 12-month high of $81.33. The company has a 50-day moving average price of $69.26 and a 200-day moving average price of $72.34. The company has a market cap of $2.87 billion, a price-to-earnings ratio of 25.58 and a beta of 2.24.

Belden (NYSE:BDC) last announced its earnings results on Wednesday, May 3rd. The industrial products company reported $0.92 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.89 by $0.03. Belden had a return on equity of 20.29% and a net margin of 5.43%. The company had revenue of $551.40 million during the quarter, compared to analyst estimates of $551.14 million. During the same period last year, the company posted $1.01 earnings per share. The firm’s quarterly revenue was up 1.8% compared to the same quarter last year. On average, analysts predict that Belden Inc. will post $5.10 earnings per share for the current fiscal year.

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Several brokerages have recently issued reports on BDC. Zacks Investment Research raised shares of Belden from a “sell” rating to a “hold” rating in a report on Tuesday, March 14th. Drexel Hamilton began coverage on shares of Belden in a report on Friday, February 10th. They set a “hold” rating for the company. Seaport Global Securities began coverage on shares of Belden in a report on Thursday, March 2nd. They set a “buy” rating and a $82.00 price target for the company. Finally, JPMorgan Chase & Co. began coverage on shares of Belden in a report on Monday, February 13th. They set a “neutral” rating and a $76.00 price target for the company. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Belden has an average rating of “Buy” and an average price target of $81.71.

About Belden

Belden Inc is a signal transmission solutions provider company. The Company operates through five segment: Broadcast Solutions (Broadcast), Enterprise Connectivity Solutions (Enterprise), Industrial Connectivity Solutions (Industrial Connectivity), Industrial IT Solutions (Industrial IT), and Network Security Solutions (Network Security).

5 Day Chart for NYSE:BDC

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