Deutsche Bank AG Has $2.33 Million Position in Methode Electronics, Inc. $MEI

Key Points

• Deutsche Bank AG has increased its stake in Methode Electronics, Inc. by 33%, acquiring an additional 90,558 shares to hold a total of 364,666 shares valued at approximately $2.3 million.
• Methode Electronics reported a significant earnings miss with an EPS of ($0.77), falling short of analysts' expectations of $0.03, despite revenue exceeding estimates.
• The company recently cut its dividend to $0.07 per share, representing an annual yield of 4.2%, following a payout ratio of -15.73%.

Deutsche Bank AG increased its position in Methode Electronics, Inc. (NYSE:MEI - Free Report) by 33.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 364,666 shares of the electronics maker's stock after buying an additional 90,558 shares during the quarter. Deutsche Bank AG owned 1.02% of Methode Electronics worth $2,327,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Quarry LP acquired a new stake in Methode Electronics during the 4th quarter valued at approximately $32,000. Virtus Fund Advisers LLC acquired a new stake in Methode Electronics during the 4th quarter valued at approximately $38,000. GAMMA Investing LLC increased its position in Methode Electronics by 1,817.4% during the 1st quarter. GAMMA Investing LLC now owns 7,056 shares of the electronics maker's stock valued at $45,000 after purchasing an additional 6,688 shares during the period. PharVision Advisers LLC acquired a new stake in Methode Electronics during the 4th quarter valued at approximately $120,000. Finally, Wealth Enhancement Advisory Services LLC acquired a new stake in Methode Electronics during the 4th quarter valued at approximately $125,000. Institutional investors and hedge funds own 95.49% of the company's stock.

Methode Electronics Stock Up 1.7%

NYSE MEI traded up $0.13 during mid-day trading on Tuesday, hitting $7.64. The company's stock had a trading volume of 457,954 shares, compared to its average volume of 407,038. The company's 50 day simple moving average is $7.65 and its 200 day simple moving average is $7.61. Methode Electronics, Inc. has a twelve month low of $5.08 and a twelve month high of $17.45. The company has a current ratio of 2.40, a quick ratio of 1.57 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $268.83 million, a price-to-earnings ratio of -4.29 and a beta of 1.04.

Methode Electronics (NYSE:MEI - Get Free Report) last posted its quarterly earnings results on Wednesday, July 9th. The electronics maker reported ($0.77) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.80). Methode Electronics had a negative net margin of 5.97% and a negative return on equity of 5.60%. The business had revenue of $257,100 billion during the quarter, compared to analyst estimates of $228.75 million. During the same period in the previous year, the business posted ($0.23) EPS. Methode Electronics has set its FY 2026 guidance at EPS. Analysts anticipate that Methode Electronics, Inc. will post -0.4 earnings per share for the current year.

Methode Electronics Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 1st. Investors of record on Monday, July 21st were given a $0.07 dividend. The ex-dividend date of this dividend was Monday, July 21st. This represents a $0.28 annualized dividend and a yield of 3.7%. Methode Electronics's dividend payout ratio (DPR) is presently -15.73%.

Analysts Set New Price Targets

Separately, Wall Street Zen downgraded shares of Methode Electronics from a "hold" rating to a "sell" rating in a research report on Sunday, August 3rd. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $10.50.

Methode Electronics Profile

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.