Belden (NYSE:BDC) had its price target boosted by stock analysts at Stifel Nicolaus from $90.00 to $97.00 in a note issued to investors on Wednesday. The brokerage currently has an “in-line” rating on the industrial products company’s stock. Stifel Nicolaus’ price target would suggest a potential upside of 17.48% from the company’s previous close.

A number of other brokerages have also weighed in on BDC. Cross Research lowered Belden from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Canaccord Genuity reaffirmed a “buy” rating and issued a $94.00 price objective on shares of Belden in a report on Friday, December 1st. Zacks Investment Research lowered Belden from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 3rd. TheStreet lowered Belden from a “b” rating to a “c+” rating in a report on Wednesday, November 1st. Finally, Guggenheim reaffirmed a “buy” rating and issued a $90.00 price objective on shares of Belden in a report on Monday, September 25th. Seven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $89.50.

Shares of Belden (BDC) opened at $82.57 on Wednesday. Belden has a twelve month low of $64.60 and a twelve month high of $86.85. The firm has a market capitalization of $3,573.81, a P/E ratio of 16.55 and a beta of 2.26. The company has a debt-to-equity ratio of 1.06, a current ratio of 2.26 and a quick ratio of 1.79.

Belden (NYSE:BDC) last announced its quarterly earnings data on Wednesday, November 1st. The industrial products company reported $1.49 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.41 by $0.08. Belden had a return on equity of 17.52% and a net margin of 4.03%. The company had revenue of $621.74 million for the quarter, compared to analyst estimates of $626.05 million. During the same quarter in the previous year, the company earned $1.29 EPS. The firm’s revenue for the quarter was up 3.4% compared to the same quarter last year. equities research analysts forecast that Belden will post 5.52 earnings per share for the current fiscal year.

In other news, SVP Paul Keith Turner sold 3,709 shares of the business’s stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $78.91, for a total transaction of $292,677.19. Following the sale, the senior vice president now owns 4,967 shares of the company’s stock, valued at approximately $391,945.97. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman John S. Stroup sold 17,227 shares of the business’s stock in a transaction that occurred on Monday, October 9th. The stock was sold at an average price of $84.75, for a total value of $1,459,988.25. The disclosure for this sale can be found here. Insiders have sold a total of 21,230 shares of company stock worth $1,775,189 in the last three months. Corporate insiders own 1.31% of the company’s stock.

A number of hedge funds have recently bought and sold shares of the stock. Greenwood Capital Associates LLC lifted its stake in Belden by 0.5% in the 2nd quarter. Greenwood Capital Associates LLC now owns 2,989 shares of the industrial products company’s stock valued at $225,000 after buying an additional 14 shares in the last quarter. Teacher Retirement System of Texas lifted its stake in Belden by 0.4% in the 2nd quarter. Teacher Retirement System of Texas now owns 3,372 shares of the industrial products company’s stock valued at $254,000 after buying an additional 15 shares in the last quarter. Public Employees Retirement System of Ohio lifted its stake in Belden by 0.3% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 26,132 shares of the industrial products company’s stock valued at $1,971,000 after buying an additional 90 shares in the last quarter. Capstone Asset Management Co. lifted its stake in Belden by 4.2% in the 2nd quarter. Capstone Asset Management Co. now owns 3,469 shares of the industrial products company’s stock valued at $262,000 after buying an additional 140 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Belden by 10.1% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,744 shares of the industrial products company’s stock valued at $132,000 after buying an additional 160 shares in the last quarter.

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Belden Company Profile

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).

Analyst Recommendations for Belden (NYSE:BDC)

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