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Brian Edward Anderson, SVP, Legal, GC and Corp. Sec. at Belden Inc . (NYSE:BDC), sold 7,158 shares of common stock on July 17, 2025, for approximately $934,183. The sales were executed at prices ranging from $130.00 to $131.07, near the stock’s 52-week high of $131.82. According to InvestingPro analysis, the stock appears overvalued at current levels, with technical indicators suggesting overbought conditions.
According to a Form 4 filing with the Securities and Exchange Commission, Anderson also exercised stock appreciation rights, acquiring 6,854 shares at an exercise price of $74.91, for a total value of $513433. On the same day, Anderson disposed of 5,257 shares for tax obligations, valued at $675945, priced at $128.58. The transaction occurs as Belden, with a market capitalization of $5.08 billion, has delivered a strong 38.62% return over the past year.
Following these transactions, Anderson directly owns 39,574 shares of Belden Inc. and indirectly owns 1,046.51 shares through a 401(k) plan.
The reported sale was effected pursuant to a Rule 10b5-1 trading plan adopted by Anderson on February 24, 2025. The exercise of the stock appreciation rights was also executed under this plan; however, no sale of the resulting shares is currently contemplated by the trading plan.
In other recent news, Belden Inc. has been the focus of several analyst reports and corporate developments. Benchmark has raised its price target for Belden to $130 from $120, maintaining a Buy rating due to the company’s transformation into a value-added solutions partner. The firm highlighted efficiency gains and financial benefits as key factors for this decision. Similarly, Truist Securities has maintained a Buy rating with a price target of $132, citing Belden’s strategy of solution selling and its partnership with Accenture (NYSE:ACN) as drivers of stable growth and improved margins. The potential for mergers and acquisitions is also seen as a growth avenue.
Furthermore, Belden introduced its new 10GXM13 Category 6A Cable designed for smart building infrastructures. This product aims to meet increasing bandwidth demands with its compact design, facilitating higher-density installations. At its recent annual stockholder meeting, Belden saw the re-election of all nine board members and the ratification of Ernst & Young as its independent auditor. Additionally, Benchmark reiterated a Buy rating with a $120 target following Belden’s strong first-quarter performance, noting an 18% year-over-year increase in orders. Despite some cautious guidance, analysts remain optimistic about Belden’s strategic direction and operational indicators.
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