Nuveen Asset Management LLC Has $834,000 Stake in Preformed Line Products (NASDAQ:PLPC)

Nuveen Asset Management LLC lessened its position in Preformed Line Products (NASDAQ:PLPC - Free Report) by 24.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 6,529 shares of the technology company's stock after selling 2,070 shares during the period. Nuveen Asset Management LLC owned approximately 0.13% of Preformed Line Products worth $834,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Martingale Asset Management L P grew its holdings in Preformed Line Products by 0.9% during the fourth quarter. Martingale Asset Management L P now owns 9,131 shares of the technology company's stock worth $1,167,000 after acquiring an additional 80 shares during the period. Private Advisor Group LLC boosted its position in shares of Preformed Line Products by 3.6% during the 4th quarter. Private Advisor Group LLC now owns 2,855 shares of the technology company's stock valued at $365,000 after purchasing an additional 100 shares in the last quarter. SG Americas Securities LLC grew its stake in shares of Preformed Line Products by 13.1% in the 4th quarter. SG Americas Securities LLC now owns 1,053 shares of the technology company's stock worth $135,000 after purchasing an additional 122 shares during the last quarter. Invesco Ltd. grew its stake in shares of Preformed Line Products by 0.4% in the 4th quarter. Invesco Ltd. now owns 41,204 shares of the technology company's stock worth $5,265,000 after purchasing an additional 172 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Preformed Line Products by 0.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 32,760 shares of the technology company's stock worth $4,186,000 after purchasing an additional 186 shares in the last quarter. Institutional investors own 41.19% of the company's stock.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded shares of Preformed Line Products from a "buy" rating to a "strong-buy" rating in a report on Tuesday, May 13th.

Preformed Line Products Price Performance

Shares of PLPC traded up $2.64 during trading hours on Friday, hitting $146.61. 92,835 shares of the company were exchanged, compared to its average volume of 22,257. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.81 and a quick ratio of 1.56. The company has a market capitalization of $724.25 million, a PE ratio of 22.01 and a beta of 0.75. The firm has a fifty day simple moving average of $138.31 and a 200-day simple moving average of $135.89. Preformed Line Products has a one year low of $109.01 and a one year high of $154.90.

Preformed Line Products (NASDAQ:PLPC - Get Free Report) last announced its earnings results on Thursday, May 1st. The technology company reported $2.33 EPS for the quarter. Preformed Line Products had a return on equity of 7.88% and a net margin of 5.76%. The business had revenue of $148.54 million during the quarter.

Preformed Line Products Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 21st. Shareholders of record on Tuesday, April 1st were issued a dividend of $0.20 per share. The ex-dividend date was Tuesday, April 1st. This represents a $0.80 annualized dividend and a yield of 0.55%. Preformed Line Products's payout ratio is presently 10.14%.

Preformed Line Products Company 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.