Barclays PLC Increases Stock Holdings in Preformed Line Products (NASDAQ:PLPC)

Barclays PLC increased its stake in Preformed Line Products (NASDAQ:PLPC) by 135.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,989 shares of the technology company’s stock after buying an additional 2,871 shares during the quarter. Barclays PLC owned about 0.10% of Preformed Line Products worth $638,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC purchased a new stake in shares of Preformed Line Products in the second quarter valued at $52,000. Truvestments Capital LLC purchased a new stake in Preformed Line Products in the 3rd quarter worth about $103,000. SG Americas Securities LLC bought a new stake in Preformed Line Products in the third quarter worth about $119,000. Quest Partners LLC purchased a new position in shares of Preformed Line Products during the second quarter valued at approximately $196,000. Finally, BNP Paribas Financial Markets grew its stake in shares of Preformed Line Products by 13.1% during the third quarter. BNP Paribas Financial Markets now owns 2,371 shares of the technology company’s stock valued at $304,000 after buying an additional 274 shares during the last quarter. 41.19% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Preformed Line Products from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, November 19th.

Preformed Line Products Price Performance

Preformed Line Products stock opened at $127.79 on Thursday. The stock has a market cap of $625.92 million, a price-to-earnings ratio of 19.19 and a beta of 0.60. The firm has a 50-day moving average of $132.06 and a two-hundred day moving average of $125.70. Preformed Line Products has a 1 year low of $109.01 and a 1 year high of $145.28. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.81 and a quick ratio of 1.56.

Preformed Line Products (NASDAQ:PLPC) last announced its quarterly earnings data on Wednesday, October 30th. The technology company reported $1.54 earnings per share (EPS) for the quarter. Preformed Line Products had a return on equity of 7.88% and a net margin of 5.76%. The company had revenue of $146.97 million for the quarter.

Preformed Line Products Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 21st. Stockholders of record on Tuesday, January 7th will be paid a dividend of $0.20 per share. The ex-dividend date is Tuesday, January 7th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.63%. Preformed Line Products’s dividend payout ratio is presently 12.01%.

About Preformed Line Products

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.