Metropolitan Life Insurance Co. NY lifted its stake in shares of Belden Inc. (NYSE:BDC) by 12.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,099 shares of the industrial products company’s stock after purchasing an additional 2,669 shares during the quarter. Metropolitan Life Insurance Co. NY owned about 0.06% of Belden worth $1,473,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. US Bancorp DE raised its position in Belden by 83.0% in the second quarter. US Bancorp DE now owns 2,628 shares of the industrial products company’s stock worth $161,000 after acquiring an additional 1,192 shares in the last quarter. Howe & Rusling Inc. boosted its stake in shares of Belden by 14,270.0% during the second quarter. Howe & Rusling Inc. now owns 2,874 shares of the industrial products company’s stock valued at $176,000 after acquiring an additional 2,854 shares during the last quarter. Balter Liquid Alternatives LLC acquired a new stake in shares of Belden during the second quarter valued at $210,000. Campbell & CO Investment Adviser LLC acquired a new stake in shares of Belden during the second quarter valued at $225,000. Finally, Palouse Capital Management Inc. acquired a new stake in shares of Belden during the second quarter valued at $227,000.

Shares of NYSE:BDC traded down $1.08 during mid-day trading on Friday, hitting $60.89. 424,112 shares of the company traded hands, compared to its average volume of 437,317. The company has a market cap of $2.90 billion, a P/E ratio of 11.38 and a beta of 2.28. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.26 and a current ratio of 1.79. Belden Inc. has a 52-week low of $53.65 and a 52-week high of $87.14.

Belden (NYSE:BDC) last announced its earnings results on Wednesday, August 1st. The industrial products company reported $1.52 EPS for the quarter, beating the consensus estimate of $1.46 by $0.06. Belden had a return on equity of 20.50% and a net margin of 2.52%. The business had revenue of $668.64 million for the quarter, compared to the consensus estimate of $661.83 million. During the same period last year, the business posted $1.29 EPS. The company’s revenue was up 9.5% on a year-over-year basis. Analysts predict that Belden Inc. will post 6.39 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 4th. Shareholders of record on Tuesday, September 18th were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Monday, September 17th. This represents a $0.20 dividend on an annualized basis and a yield of 0.33%. Belden’s dividend payout ratio (DPR) is presently 3.74%.

BDC has been the topic of a number of analyst reports. TheStreet raised Belden from a “c” rating to a “b-” rating in a research note on Tuesday, August 21st. Canaccord Genuity reissued a “buy” rating and issued a $88.00 price target on shares of Belden in a research note on Wednesday, August 22nd. Guggenheim reissued a “buy” rating and issued a $90.00 price target on shares of Belden in a research note on Wednesday, August 1st. Zacks Investment Research raised Belden from a “hold” rating to a “buy” rating and set a $79.00 price target on the stock in a research note on Friday, August 3rd. Finally, ValuEngine upgraded Belden from a “sell” rating to a “hold” rating in a report on Thursday, August 2nd. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $86.75.

About Belden

Belden Inc designs, manufactures, and markets signal transmission solutions worldwide. It operates through Broadcast Solutions, Enterprise Solutions, Industrial Solutions, and Network Solutions segments. The Broadcast Solutions segment offers camera solutions, production switchers, server and storage systems for instant replay applications, interfaces and routers, monitoring systems, in-home network systems, playout systems, outside plant connectivity products, and other cable, and connectivity products.

Recommended Story: Average Daily Trade Volume Explained

Institutional Ownership by Quarter for Belden (NYSE:BDC)

Receive News & Ratings for Belden Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Belden and related companies with MarketBeat.com's FREE daily email newsletter.