In a recent filing with the Securities and Exchange Commission (SEC), the Teacher Retirement System of Texas revealed that it has increased its stake in Belden Inc. (NYSE:BDC) by 72% during the second quarter. The institutional investor now holds 53,337 shares of the industrial products company’s stock, up from its previous holding of 31,003 shares.
As of its most recent SEC filing, the Teacher Retirement System of Texas’ investment in Belden is valued at $5,102,000, representing approximately 0.13% of the company’s total worth. This increase in ownership highlights the confidence that the Teacher Retirement System has in Belden’s future performance.
Belden Inc., a leading provider of signal transmission solutions for mission-critical applications globally, recently announced that it will be paying out a quarterly dividend on October 5th. Shareholders who are recorded as owners on September 13th will receive a dividend payment of $0.05 per share. It is important to note that investors looking to benefit from this payout must have purchased shares before the ex-dividend date on September 12th.
With an annualized dividend of $0.20 and a yield of 0.21%, Belden offers an attractive option for income-seeking investors. The company’s current dividend payout ratio stands at a mere 2.99%, suggesting that there is ample room for future increases in dividend payments.
This news bodes well for Belden as it signifies a show of confidence from one of its institutional investors and reinforces trust among current shareholders. It also serves as an indicator to potential investors who may be considering adding Belden stock to their portfolios.
The Teacher Retirement System of Texas’ decision to bolster its position in Belden demonstrates a positive sentiment towards the company’s prospects moving forward. As one of the largest pension funds in the United States, with over $150 billion in assets under management, the Teacher Retirement System’s investment actions are often followed closely by other institutional investors.
It remains to be seen how this increased ownership by the Teacher Retirement System of Texas will impact Belden’s stock performance in the near future. However, the company’s strong position in providing signal transmission solutions for mission-critical applications and its consistent dividend payments make it an intriguing investment prospect for both current stakeholders and potential investors alike.
In conclusion, the recent increase in ownership by the Teacher Retirement System of Texas showcases their confidence in Belden Inc.’s ability to deliver favorable returns. The upcoming dividend payment further adds to Belden’s appeal as a potentially lucrative investment option. These developments should not only solidify shareholder trust but also attract the attention of other institutional investors who may seek to follow suit.
Updated on: 05/12/2023
Debt to equity ratio: Buy
Price to earnings ratio: Strong Buy
Price to book ratio: Strong Buy
DCF: Strong Buy
We did not find social sentiment data for this stock
|Analyst / firm||Rating|
Belden Inc. Attracts Attention of Institutional Investors with Strong Financial Performance and Positive Analyst Ratings
Belden Inc., a prominent industrial products company, has recently caught the attention of institutional investors. Envestnet Asset Management Inc. witnessed a staggering boost in its stake in Belden, increasing it by 1,283.9% during the first quarter. The company now owns an impressive 488,729 shares of Belden’s stock worth approximately $3,442,000 after acquiring an additional 453,414 shares.
Norges Bank also joined the ranks of investors adding to their portfolio with a new position in Belden valued at $30,822,000. This move showcases the growing interest and confidence that major financial institutions have in Belden’s potential for growth and profitability.
BlackRock Inc., another influential institutional investor, lifted its holdings in shares of Belden by 8% during the first quarter. With an additional acquisition of 392,689 shares, BlackRock Inc. now controls an extensive 5,317,303 shares of Belden’s stock which translates to a value of $461,382,000.
Ceredex Value Advisors LLC seized the opportunity to acquire a new position in Belden during the first quarter as well. Their investment amounted to approximately $16,070,000. Finally, Macquarie Group Ltd., known for their prudent investment strategies and substantial holdings across various industries and sectors likewise increased its stake in Belden by 76% during the first quarter. They now own an impressive total of 428,
shares valued at $37
These investments from institutional investors serve as further validation for Belden’s long-term growth prospects within the industrial products industry.
In terms of research analysts’ perspectives on the company’s performance and investment potential , several reports have been issued recently . UBS Group began coverage on B
lden with a “buy” rating and assigned a price objective of $
115.00 per share.
The Goldman Sachs Group, in their latest report
upgraded Belden from a “neutral” rating to a “buy” rating
and raised the price objective from $93.00 to $117.00.
Another financial institution, Truist Financial, also increased the price objective on Belden from $107.00 to $118.00, giving the company a “buy” rating.
However, StockNews.com issued a report downgrading Belden from a “strong-buy” rating to a “buy” rating on September 13th.
Overall, analysts have varied opinions on Belden’s stock performance and growth prospects. As per data sourced from Bloomberg, the current average rating for the company is a “Moderate Buy,” with a consensus target price of $
On October 2nd , Belden stock opened at $
on the New York Stock Exchange . The stock has recently displayed stability with its 50-day simple moving average resting at $
and its 200-day simple moving average at $
Looking at the company’s financial position and liquidity, it exhibits promising figures with a quick ratio of 1.92 and a current ratio of 2.53 , indicating that Belden possesses sufficient liquid assets to meet short-term obligations effectively . Moreover , Belden maintains a moderate leverage position with its debt-to-equity ratio standing at 1.02.
Over the past year, Belden’s stock has witnessed fluctuations ranging from its lowest point of $
to its highest point of $
.The market capitalization currently stands at approximately $
Belden released its latest quarterly earnings data on August 3rd , revealing an earnings per share (EPS) figure of $1.91 for the quarter – surpassing the consensus estimate by $
0.16.In addition to this positive news, the company achieved a revenue of $692.25 million during the quarter , outperforming analysts’ expectations that were set at $687.49 million.
Belden’s strong financial performance highlighted its return on equity of 27.11% and net margin of 10.97%. The increase in quarterly revenue demonstrated growth compared to the corresponding quarter of the previous year.
Analysts have been anticipating Belden Inc.’s future earnings, with an average estimate of 7.27 earnings per share for the current fiscal year . These projections, combined with the company’s recent achievements, serve as indicators of potential success in Belden’s future endeavors within the industrial products market.