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Brian Lieser, Executive Vice President of Industrial Automation Solutions at Belden Inc . (NYSE:BDC), a $4.3 billion market cap company, recently sold 532 shares of the company’s common stock. The shares were sold at a price of $110.06 each, totaling approximately $58,551. Following this transaction, Lieser holds 34,599 shares of Belden stock directly. According to InvestingPro data, the stock is trading slightly above its Fair Value, with generally low price volatility.
In addition to the sale, Lieser received 5,379 shares as part of a performance stock unit award and 3,577 shares as a grant of restricted stock units. These shares were acquired at no cost as part of his compensation package. After these transactions, Lieser now owns 39,978 shares directly. InvestingPro analysis shows the company has delivered strong returns over the last five years, while management has been actively buying back shares. Discover 5 more exclusive ProTips and comprehensive analysis in the Pro Research Report.
The sale was conducted under a Rule 10b5-1 trading plan, which was adopted by Lieser on November 7, 2024. This plan allows company insiders to set up a predetermined schedule for selling stocks and is often used to avoid concerns about insider trading.
In other recent news, Belden Inc. reported impressive financial results for the fourth quarter of 2024, with earnings per share (EPS) reaching $1.92, surpassing the forecast of $1.68. The company’s revenue also exceeded expectations, totaling $666 million, a 21% increase year-over-year. Despite these positive results, the company’s stock experienced a decline, reflecting potential investor concerns about future guidance. Analysts from Benchmark maintained a Buy rating for Belden, citing strong demand drivers and a positive outlook for the company’s strategic initiatives. However, they noted a cautious approach from Belden’s management regarding the $8 EPS target for the current year. Belden’s management remains optimistic about 2025, anticipating a record year, contingent on improved business conditions. Additionally, Belden provided guidance for the first quarter of 2025, projecting revenue between $595 million and $620 million and adjusted EPS between $1.43 and $1.53. The company continues to focus on its solutions transformation strategy, which has been driving growth and margin expansion.
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