Methode Electronics, Inc. (NYSE:MEI) Stock Position Reduced by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP decreased its stake in Methode Electronics, Inc. (NYSE:MEIFree Report) by 7.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,914,049 shares of the electronics maker’s stock after selling 157,293 shares during the quarter. Dimensional Fund Advisors LP owned approximately 5.38% of Methode Electronics worth $43,507,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of MEI. SummerHaven Investment Management LLC increased its holdings in Methode Electronics by 2.4% in the fourth quarter. SummerHaven Investment Management LLC now owns 20,738 shares of the electronics maker’s stock worth $471,000 after buying an additional 490 shares during the last quarter. Barclays PLC raised its holdings in shares of Methode Electronics by 7.2% during the 3rd quarter. Barclays PLC now owns 20,915 shares of the electronics maker’s stock valued at $479,000 after purchasing an additional 1,400 shares in the last quarter. Mission Wealth Management LP raised its holdings in shares of Methode Electronics by 9.1% during the 4th quarter. Mission Wealth Management LP now owns 23,183 shares of the electronics maker’s stock valued at $527,000 after purchasing an additional 1,930 shares in the last quarter. Nisa Investment Advisors LLC lifted its stake in shares of Methode Electronics by 295.6% in the 4th quarter. Nisa Investment Advisors LLC now owns 2,710 shares of the electronics maker’s stock valued at $62,000 after purchasing an additional 2,025 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its holdings in Methode Electronics by 30.3% in the third quarter. PNC Financial Services Group Inc. now owns 9,809 shares of the electronics maker’s stock worth $224,000 after purchasing an additional 2,283 shares in the last quarter. Institutional investors and hedge funds own 95.49% of the company’s stock.

Methode Electronics Stock Up 0.9 %

Methode Electronics stock opened at $11.84 on Friday. The firm has a market cap of $419.02 million, a price-to-earnings ratio of -7.22 and a beta of 0.84. The firm has a fifty day moving average price of $12.01 and a two-hundred day moving average price of $17.84. Methode Electronics, Inc. has a fifty-two week low of $10.83 and a fifty-two week high of $46.58. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.74 and a quick ratio of 1.85.

Methode Electronics (NYSE:MEIGet Free Report) last posted its quarterly earnings data on Thursday, March 7th. The electronics maker reported ($0.33) earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.40). The business had revenue of $259.50 million for the quarter, compared to analyst estimates of $288.50 million. Methode Electronics had a positive return on equity of 0.07% and a negative net margin of 5.09%. During the same period in the prior year, the firm posted $0.54 EPS. As a group, analysts forecast that Methode Electronics, Inc. will post -0.41 earnings per share for the current year.

Methode Electronics Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 26th. Investors of record on Friday, April 12th were given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 4.73%. The ex-dividend date of this dividend was Thursday, April 11th. Methode Electronics’s dividend payout ratio (DPR) is currently -34.15%.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Jefferies Financial Group assumed coverage on Methode Electronics in a research report on Tuesday, April 9th. They issued a “hold” rating and a $12.00 price target for the company. Sidoti reaffirmed a “neutral” rating and set a $17.00 target price on shares of Methode Electronics in a research report on Thursday, March 7th.

Get Our Latest Report on Methode Electronics

Methode Electronics Profile

(Free Report)

Methode Electronics, Inc designs, engineers, and produces mechatronic products worldwide. It operates through four segments: Automotive, Industrial, Interface, and Medical. The Automotive segment supplies electronic and electro-mechanical devices, and related products to automobile original equipment manufacturers directly or through their tiered suppliers.

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Institutional Ownership by Quarter for Methode Electronics (NYSE:MEI)

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