Man Group plc Takes Position in Preformed Line Products Company $PLPC

Posted by Brian Himes on Sep 3rd, 2026

Man Group plc purchased a new position in shares of Preformed Line Products Company (NASDAQ:PLPC – Free Report) in the second quarter, Holdings Channel.com reports. The fund purchased 3,497 shares of the technology company’s stock, valued at approximately $1,436,000.

Other institutional investors have also recently made changes to their positions in the company. Quantinno Capital Management LP grew its position in Preformed Line Products by 65.7% in the first quarter. Quantinno Capital Management LP now owns 7,748 shares of the technology company’s stock worth $2,098,000 after acquiring an additional 3,072 shares during the period. Robotti Robert purchased a new stake in Preformed Line Products in the second quarter valued at $2,437,000. Ranger Investment Management L.P. purchased a new stake in Preformed Line Products in the first quarter valued at $5,069,000. Deutsche Bank AG acquired a new position in shares of Preformed Line Products in the 2nd quarter valued at $1,251,000. Finally, Wasatch Advisors LP lifted its stake in shares of Preformed Line Products by 234.3% in the 2nd quarter. Wasatch Advisors LP now owns 377,367 shares of the technology company’s stock valued at $154,932,000 after purchasing an additional 264,478 shares during the last quarter. Hedge funds and other institutional investors own 41.19% of the company’s stock.

Preformed Line Products Stock Up 0.5%

Shares of NASDAQ PLPC opened at $390.41 on Thursday. The firm has a market cap of $1.91 billion, a price-to-earnings ratio of 43.97 and a beta of 0.93. The company has a quick ratio of 1.88, a current ratio of 2.99 and a debt-to-equity ratio of 0.07. Preformed Line Products Company has a 52-week low of $184.02 and a 52-week high of $504.69. The business’s 50 day moving average is $386.69 and its two-hundred day moving average is $341.44.

Preformed Line Products (NASDAQ:PLPC – Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The technology company reported $4.49 EPS for the quarter, topping analysts’ consensus estimates of $2.41 by $2.08. Preformed Line Products had a return on equity of 10.64% and a net margin of 5.82%.The company had revenue of $212.68 million for the quarter, compared to analysts’ expectations of $193.00 million.

Preformed Line Products Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, July 20th. Investors of record on Wednesday, July 1st were paid a dividend of $0.21 per share. The ex-dividend date of this dividend was Wednesday, July 1st. This represents a $0.84 annualized dividend and a yield of 0.2%. Preformed Line Products’s dividend payout ratio is presently 9.46%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Wall Street Zen upgraded Preformed Line Products from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 1st. Weiss Ratings lowered shares of Preformed Line Products from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, August 21st. Finally, Freedom Capital raised shares of Preformed Line Products from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 4th. One research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, Preformed Line Products presently has an average rating of “Buy” and an average target price of $275.00.

Read Our Latest Report on Preformed Line Products

Insider Transactions at Preformed Line Products

In related news, Director Glen E. Corlett sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $457.02, for a total transaction of $914,040.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 33.00% of the company’s stock.

Preformed Line Products Company Profile

(Free Report)

Preformed Line Products Company (NASDAQ: PLPC) is a global manufacturer of engineered solutions for electric, telecommunications and industrial infrastructure networks. The company designs, engineers and produces a broad portfolio of products, including preformed wire and cable fittings, anchors, suspension and tension clamps, splice closures and optical fiber hardware. These durable components support the installation, repair and maintenance of overhead and underground systems, helping utilities and contractors manage reliability and safety in demanding environments.

Founded in 1947 and headquartered in Mayfield Village, Ohio, Preformed Line Products operates manufacturing facilities and distribution centers across North America, Europe and the Asia Pacific region.