Preformed Line Products (NASDAQ:PLPC) Shares Purchased by Barclays PLC

Barclays PLC boosted its holdings in shares of Preformed Line Products (NASDAQ:PLPCFree Report) by 135.6% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 4,989 shares of the technology company’s stock after buying an additional 2,871 shares during the quarter. Barclays PLC’s holdings in Preformed Line Products were worth $638,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Rhumbline Advisers grew its position in Preformed Line Products by 2.3% during the 2nd quarter. Rhumbline Advisers now owns 3,861 shares of the technology company’s stock worth $481,000 after purchasing an additional 86 shares during the last quarter. Private Advisor Group LLC lifted its stake in shares of Preformed Line Products by 4.8% during the third quarter. Private Advisor Group LLC now owns 2,755 shares of the technology company’s stock worth $353,000 after buying an additional 125 shares during the period. Koss Olinger Consulting LLC grew its holdings in shares of Preformed Line Products by 3.8% during the third quarter. Koss Olinger Consulting LLC now owns 3,726 shares of the technology company’s stock valued at $477,000 after buying an additional 138 shares during the last quarter. Renaissance Technologies LLC increased its position in shares of Preformed Line Products by 0.3% in the 2nd quarter. Renaissance Technologies LLC now owns 66,600 shares of the technology company’s stock valued at $8,294,000 after acquiring an additional 200 shares during the period. Finally, BNP Paribas Financial Markets raised its stake in Preformed Line Products by 13.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,371 shares of the technology company’s stock worth $304,000 after acquiring an additional 274 shares during the last quarter. 41.19% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Preformed Line Products from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, November 19th.

Read Our Latest Report on Preformed Line Products

Preformed Line Products Stock Performance

Shares of NASDAQ PLPC opened at $127.79 on Thursday. The company has a 50 day simple moving average of $132.06 and a two-hundred day simple moving average of $125.70. The stock has a market cap of $625.92 million, a price-to-earnings ratio of 19.19 and a beta of 0.60. The company has a current ratio of 2.81, a quick ratio of 1.56 and a debt-to-equity ratio of 0.06. Preformed Line Products has a 12 month low of $109.01 and a 12 month high of $145.28.

Preformed Line Products (NASDAQ:PLPCGet Free Report) last issued its earnings results on Wednesday, October 30th. The technology company reported $1.54 EPS for the quarter. The firm had revenue of $146.97 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 Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 21st. Investors of record on Tuesday, January 7th will be given a dividend of $0.20 per share. The ex-dividend date is Tuesday, January 7th. This represents a $0.80 annualized dividend and a yield of 0.63%. Preformed Line Products’s dividend payout ratio is presently 12.01%.

Preformed Line Products Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Preformed Line Products (NASDAQ:PLPC)

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