MetLife Investment Management LLC Purchases New Holdings in Preformed Line Products (NASDAQ:PLPC)

MetLife Investment Management LLC purchased a new stake in Preformed Line Products (NASDAQ:PLPC – Get Rating) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,356 shares of the technology company’s stock, valued at approximately $96,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Dimensional Fund Advisors LP lifted its holdings in Preformed Line Products by 1.1% during the 3rd quarter. Dimensional Fund Advisors LP now owns 351,312 shares of the technology company’s stock worth $24,995,000 after buying an additional 3,711 shares during the last quarter. Royce & Associates LP lifted its holdings in Preformed Line Products by 0.4% during the 3rd quarter. Royce & Associates LP now owns 257,124 shares of the technology company’s stock worth $18,294,000 after buying an additional 1,000 shares during the last quarter. State Street Corp lifted its holdings in Preformed Line Products by 4.7% during the 2nd quarter. State Street Corp now owns 58,344 shares of the technology company’s stock worth $3,600,000 after buying an additional 2,635 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in Preformed Line Products by 1.7% during the 1st quarter. Bank of New York Mellon Corp now owns 29,719 shares of the technology company’s stock worth $1,885,000 after buying an additional 509 shares during the last quarter. Finally, Dean Investment Associates LLC lifted its holdings in Preformed Line Products by 9.0% during the 3rd quarter. Dean Investment Associates LLC now owns 18,449 shares of the technology company’s stock worth $1,313,000 after buying an additional 1,525 shares during the last quarter.

Preformed Line Products Trading Up 4.6 %

NASDAQ:PLPC opened at $118.11 on Tuesday. The company has a quick ratio of 1.44, a current ratio of 2.56 and a debt-to-equity ratio of 0.17. The business’s 50 day moving average is $88.96 and its two-hundred day moving average is $83.51. Preformed Line Products has a 52 week low of $57.71 and a 52 week high of $121.50. The company has a market cap of $581.10 million, a PE ratio of 10.84 and a beta of 0.75.

Preformed Line Products Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 25th. Stockholders of record on Friday, January 6th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.68%. The ex-dividend date of this dividend was Thursday, January 5th. Preformed Line Products’s payout ratio is 7.34%.

Preformed Line Products Profile

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Preformed Line Products Co engages in the provision of products and systems employed in the construction and maintenance of overhead and underground networks for the energy, telecommunication, cable operators, information, and other similar industries. It operates through the following geographical segments: PLP-USA, Americas, EMEA, and Asia-Pacific.