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Leah Tate, the Senior Vice President of Human Resources at Belden Inc . (NYSE:BDC), recently executed a series of stock transactions, as detailed in a recent filing. On February 25, 2025, Tate sold 164 shares of Belden Inc. common stock at an average price of $111.76 per share, totaling $18,328. This transaction was part of a Rule 10b5-1 trading plan she adopted in November 2024. The $4.4 billion market cap company has seen its stock rise nearly 29% over the past year, though InvestingPro analysis suggests the stock is currently trading above its Fair Value.InvestingPro data reveals that management has been actively buying back shares, with 7 additional key insights available to subscribers.
In addition to the sale, Tate was involved in multiple other transactions. On February 24, 2025, she exercised 441 stock appreciation rights at a price of $53.79 per share, acquiring shares valued at $23,721. Furthermore, Tate disposed of 277 shares at $111.09 each, amounting to $30,771, to cover tax obligations associated with the exercise of stock appreciation rights.
Following these transactions, Tate holds 22,567 shares of Belden Inc. common stock directly, with additional holdings through a retirement savings plan and shares owned by her spouse.
In other recent news, Belden Inc. reported its fourth-quarter 2024 earnings, delivering an earnings per share (EPS) of $1.92, which exceeded the forecasted $1.68. The company also reported revenue of $666 million, surpassing expectations of $653.87 million. Despite the positive earnings report, the stock saw a decline in pre-market trading, possibly reflecting investor concerns about future guidance. Looking ahead, Belden provided guidance for the first quarter of 2025, projecting revenue between $595 million and $620 million and an adjusted EPS between $1.43 and $1.53. The company remains focused on achieving an $8 EPS target for 2025, contingent upon improved business conditions. Meanwhile, Benchmark analysts maintained a Buy rating for Belden with a price target of $130, citing robust demand drivers and alignment with favorable economic trends. They highlighted the company’s strategic shift and operating leverage as positive indicators for future performance. These developments underscore Belden’s ongoing efforts to navigate market conditions and pursue growth opportunities.
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