Preformed Line Products (NASDAQ:PLPC) Position Increased by Strs Ohio

Strs Ohio raised its holdings in shares of Preformed Line Products (NASDAQ:PLPC) by 23.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,200 shares of the technology company’s stock after buying an additional 800 shares during the period. Strs Ohio owned about 0.09% of Preformed Line Products worth $562,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Invesco Ltd. boosted its holdings in Preformed Line Products by 215.5% during the third quarter. Invesco Ltd. now owns 68,311 shares of the technology company’s stock worth $11,106,000 after buying an additional 46,656 shares in the last quarter. Janney Montgomery Scott LLC boosted its holdings in Preformed Line Products by 90.9% during the third quarter. Janney Montgomery Scott LLC now owns 13,310 shares of the technology company’s stock worth $2,164,000 after buying an additional 6,336 shares in the last quarter. Los Angeles Capital Management LLC bought a new stake in Preformed Line Products during the third quarter worth approximately $660,000. Charles Schwab Investment Management Inc. boosted its holdings in Preformed Line Products by 84.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 31,294 shares of the technology company’s stock worth $5,088,000 after buying an additional 14,363 shares in the last quarter. Finally, Truvestments Capital LLC boosted its holdings in Preformed Line Products by 9.2% during the third quarter. Truvestments Capital LLC now owns 2,530 shares of the technology company’s stock worth $411,000 after buying an additional 213 shares in the last quarter. 41.19% of the stock is currently owned by institutional investors.

Preformed Line Products Stock Up 0.9 %

PLPC stock opened at $124.71 on Friday. Preformed Line Products has a 12-month low of $104.96 and a 12-month high of $184.82. The company has a quick ratio of 1.58, a current ratio of 2.92 and a debt-to-equity ratio of 0.12. The company has a market cap of $614.82 million, a price-to-earnings ratio of 9.84 and a beta of 0.74. The company has a 50 day moving average of $127.68 and a two-hundred day moving average of $129.11.

Preformed Line Products (NASDAQ:PLPC) last released its earnings results on Thursday, March 7th. The technology company reported $1.29 earnings per share (EPS) for the quarter. Preformed Line Products had a net margin of 9.46% and a return on equity of 15.89%. The company had revenue of $145.60 million during the quarter.

Preformed Line Products Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 19th. Shareholders of record on Tuesday, April 2nd were given a $0.20 dividend. The ex-dividend date of this dividend was Monday, April 1st. This represents a $0.80 dividend on an annualized basis and a yield of 0.64%. Preformed Line Products’s payout ratio is 6.31%.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of Preformed Line Products from a “strong-buy” rating to a “buy” rating in a research note on Friday, March 8th.

Preformed Line Products Profile

Preformed Line Products Company, together with its subsidiaries, designs and manufactures products and systems that are used in the construction and maintenance of overhead, ground-mounted, and underground networks for the energy, telecommunication, cable, data communication, and other industries. The company offers optical ground wire products to support, protect, terminate, and splice transmission and distribution lines, as well as bolted, welded, and compressed connectors for substations; and string hardware products, polymer insulators, wildlife protection, substation fittings, and motion control devices.