Shares of Preformed Line Products Company (NASDAQ:PLPC - Get Free Report) saw an uptick in trading volume on Monday following a dividend announcement from the company. 35,170 shares traded hands during trading, an increase of 31% from the previous session's volume of 26,805 shares.The stock last traded at $153.37 and had previously closed at $153.54.The newly announced dividend which will be paid on Sunday, July 20th. Investors of record on Tuesday, July 1st will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date of this dividend is Tuesday, July 1st. Preformed Line Products's dividend payout ratio is currently 10.14%.
Analyst Ratings Changes
Separately, Wall Street Zen upgraded shares of Preformed Line Products from a "buy" rating to a "strong-buy" rating in a research report on Tuesday, May 13th.
Get Our Latest Stock Analysis on PLPC
Preformed Line Products Stock Down 0.4%
The firm has a market cap of $755.82 million, a price-to-earnings ratio of 19.44 and a beta of 0.75. The stock's 50 day moving average is $141.77 and its 200 day moving average is $137.15. The company has a quick ratio of 1.81, a current ratio of 3.08 and a debt-to-equity ratio of 0.06.
Preformed Line Products (NASDAQ:PLPC - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The technology company reported $2.33 EPS for the quarter. The company had revenue of $148.54 million for the quarter. Preformed Line Products had a return on equity of 9.16% and a net margin of 6.49%.
Hedge Funds Weigh In On Preformed Line Products
Several hedge funds have recently made changes to their positions in PLPC. Martingale Asset Management L P increased its position in shares of Preformed Line Products by 0.9% in 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 in the last quarter. SummerHaven Investment Management LLC boosted its stake in Preformed Line Products by 1.5% in the 1st quarter. SummerHaven Investment Management LLC now owns 6,574 shares of the technology company's stock worth $921,000 after purchasing an additional 95 shares during the period. Private Advisor Group LLC grew its position in 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 worth $365,000 after purchasing an additional 100 shares in the last quarter. Invesco Ltd. raised its stake in Preformed Line Products by 0.4% during the 4th quarter. Invesco Ltd. now owns 41,204 shares of the technology company's stock valued at $5,265,000 after purchasing an additional 172 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in Preformed Line Products by 0.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 32,760 shares of the technology company's stock valued at $4,186,000 after purchasing an additional 186 shares during the period. Institutional investors and hedge funds own 41.19% of the company's stock.
Preformed Line Products Company Profile
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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.
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