LSV Asset Management Has $5.85 Million Stock Holdings in Preformed Line Products (NASDAQ:PLPC)

LSV Asset Management decreased its position in Preformed Line Products (NASDAQ:PLPC - Free Report) by 11.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 45,774 shares of the technology company's stock after selling 6,039 shares during the quarter. LSV Asset Management owned about 0.93% of Preformed Line Products worth $5,849,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. JPMorgan Chase & Co. increased its holdings in shares of Preformed Line Products by 93.3% during the third quarter. JPMorgan Chase & Co. now owns 8,119 shares of the technology company's stock worth $1,040,000 after purchasing an additional 3,919 shares during the period. Franklin Resources Inc. increased its stake in Preformed Line Products by 21.3% during the 3rd quarter. Franklin Resources Inc. now owns 3,161 shares of the technology company's stock worth $389,000 after acquiring an additional 556 shares during the period. Barclays PLC raised its holdings in Preformed Line Products by 135.6% in the 3rd quarter. Barclays PLC now owns 4,989 shares of the technology company's stock valued at $638,000 after acquiring an additional 2,871 shares in the last quarter. Ausbil Investment Management Ltd raised its holdings in Preformed Line Products by 222.8% in the 4th quarter. Ausbil Investment Management Ltd now owns 5,436 shares of the technology company's stock valued at $701,000 after acquiring an additional 3,752 shares in the last quarter. Finally, American Century Companies Inc. lifted its position in shares of Preformed Line Products by 160.8% during the 4th quarter. American Century Companies Inc. now owns 49,057 shares of the technology company's stock valued at $6,269,000 after acquiring an additional 30,245 shares during the period. Institutional investors own 41.19% of the company's stock.

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, March 18th.

Preformed Line Products Price Performance

Shares of NASDAQ PLPC traded down $3.44 during trading hours on Friday, hitting $136.91. 25,016 shares of the stock were exchanged, compared to its average volume of 17,976. The company's fifty day simple moving average is $136.92 and its two-hundred day simple moving average is $133.30. The company has a market cap of $676.47 million, a PE ratio of 20.56 and a beta of 0.65. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.56 and a current ratio of 2.81. Preformed Line Products has a 1-year low of $109.01 and a 1-year high of $154.90.

Preformed Line Products (NASDAQ:PLPC - Get Free Report) last issued its quarterly earnings results on Thursday, March 13th. The technology company reported $2.13 earnings per share (EPS) for the quarter. The company had revenue of $167.12 million for the quarter. Preformed Line Products had a return on equity of 7.88% and a net margin of 5.76%.

Preformed Line Products Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 21st. Investors of record on Tuesday, April 1st will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 0.58%. The ex-dividend date of this dividend is Tuesday, April 1st. Preformed Line Products's payout ratio is 10.67%.

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.