Preformed Line Products Company $PLPC Shares Purchased by Pullen Investment Management LLC

Pullen Investment Management LLC boosted its position in Preformed Line Products Company (NASDAQ:PLPC) by 0.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,921 shares of the technology company’s stock after acquiring an additional 101 shares during the quarter. Pullen Investment Management LLC owned 0.22% of Preformed Line Products worth $1,745,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Preformed Line Products by 15,654.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 217,571 shares of the technology company’s stock valued at $30,480,000 after acquiring an additional 216,190 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Preformed Line Products by 172.8% in the first quarter. Vanguard Group Inc. now owns 185,201 shares of the technology company’s stock valued at $25,945,000 after acquiring an additional 117,323 shares during the last quarter. Nuveen LLC acquired a new position in Preformed Line Products in the first quarter valued at $15,339,000. American Century Companies Inc. boosted its holdings in Preformed Line Products by 47.0% in the first quarter. American Century Companies Inc. now owns 72,137 shares of the technology company’s stock valued at $10,106,000 after acquiring an additional 23,080 shares during the last quarter. Finally, Invesco Ltd. boosted its holdings in Preformed Line Products by 19.0% in the first quarter. Invesco Ltd. now owns 49,033 shares of the technology company’s stock valued at $6,869,000 after acquiring an additional 7,829 shares during the last quarter. Institutional investors and hedge funds own 41.19% of the company’s stock.

Preformed Line Products Stock Up 1.7%

Shares of NASDAQ PLPC opened at $237.88 on Friday. Preformed Line Products Company has a 1 year low of $118.99 and a 1 year high of $242.49. The firm has a market cap of $1.17 billion, a price-to-earnings ratio of 27.79 and a beta of 0.75. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.83 and a current ratio of 3.08. The stock’s 50-day simple moving average is $201.78 and its 200-day simple moving average is $167.12.

Preformed Line Products (NASDAQ:PLPC) last announced its earnings results on Wednesday, July 30th. The technology company reported $2.56 earnings per share (EPS) for the quarter. The business had revenue of $169.60 million for the quarter. Preformed Line Products had a return on equity of 9.69% and a net margin of 6.70%.

Preformed Line Products Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, October 20th. Shareholders of record on Wednesday, October 1st were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date was Wednesday, October 1st. Preformed Line Products’s payout ratio is presently 9.35%.

Analyst Ratings Changes

Separately, Weiss Ratings lowered Preformed Line Products from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Saturday. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, Preformed Line Products presently has an average rating of “Hold”.

Preformed Line Products 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.