Preformed Line Products (NASDAQ:PLPC) Shares Purchased by Quest Partners LLC

Quest Partners LLC boosted its holdings in shares of Preformed Line Products (NASDAQ:PLPC) by 62.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,554 shares of the technology company’s stock after buying an additional 981 shares during the period. Quest Partners LLC’s holdings in Preformed Line Products were worth $327,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in PLPC. Innealta Capital LLC purchased a new stake in shares of Preformed Line Products during the second quarter worth about $27,000. Allspring Global Investments Holdings LLC purchased a new stake in Preformed Line Products during the 2nd quarter worth approximately $52,000. Mather Group LLC. acquired a new position in Preformed Line Products during the 2nd quarter valued at approximately $64,000. SG Americas Securities LLC purchased a new position in shares of Preformed Line Products in the third quarter worth $119,000. Finally, Summit Global Investments acquired a new stake in shares of Preformed Line Products during the third quarter worth $345,000. 41.19% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Preformed Line Products Stock Up 3.6 %

Shares of PLPC stock opened at $143.56 on Tuesday. Preformed Line Products has a fifty-two week low of $109.01 and a fifty-two week high of $145.28. The firm has a market capitalization of $703.44 million, a PE ratio of 20.80 and a beta of 0.62. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.56 and a current ratio of 2.81. The stock’s 50-day simple moving average is $127.15 and its 200-day simple moving average is $125.49.

Preformed Line Products (NASDAQ:PLPC) last issued its quarterly earnings results on Wednesday, October 30th. The technology company reported $1.54 earnings per share for the quarter. Preformed Line Products had a net margin of 5.76% and a return on equity of 7.88%. The company had revenue of $146.97 million for the quarter.

Preformed Line Products Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, October 21st. Investors of record on Tuesday, October 1st were issued a dividend of $0.20 per share. The ex-dividend date was Tuesday, October 1st. This represents a $0.80 annualized dividend and a dividend yield of 0.56%. Preformed Line Products’s dividend payout ratio (DPR) is presently 12.01%.

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.