Janus Henderson Group PLC Has $1.01 Million Position in Preformed Line Products (NASDAQ:PLPC)

Janus Henderson Group PLC lifted its holdings in Preformed Line Products (NASDAQ:PLPC) by 5.0% in the 3rd quarter, Holdings Channel.com reports. The firm owned 7,885 shares of the technology company’s stock after buying an additional 376 shares during the quarter. Janus Henderson Group PLC’s holdings in Preformed Line Products were worth $1,010,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Rhumbline Advisers boosted its holdings in shares of Preformed Line Products by 2.3% in the second quarter. Rhumbline Advisers now owns 3,861 shares of the technology company’s stock valued at $481,000 after buying an additional 86 shares during the period. Private Advisor Group LLC lifted its position in Preformed Line Products by 4.8% in the 3rd quarter. Private Advisor Group LLC now owns 2,755 shares of the technology company’s stock valued at $353,000 after acquiring an additional 125 shares in the last quarter. Koss Olinger Consulting LLC boosted its stake in Preformed Line Products by 3.8% in the 3rd quarter. Koss Olinger Consulting LLC now owns 3,726 shares of the technology company’s stock worth $477,000 after purchasing an additional 138 shares during the period. Renaissance Technologies LLC increased its holdings in Preformed Line Products by 0.3% during the 2nd quarter. Renaissance Technologies LLC now owns 66,600 shares of the technology company’s stock worth $8,294,000 after purchasing an additional 200 shares in the last quarter. Finally, Innealta Capital LLC acquired a new stake in shares of Preformed Line Products in the 2nd quarter valued at about $27,000. 41.19% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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 Trading Up 0.5 %

NASDAQ:PLPC opened at $132.83 on Friday. The company has a quick ratio of 1.56, a current ratio of 2.81 and a debt-to-equity ratio of 0.06. Preformed Line Products has a twelve month low of $109.01 and a twelve month high of $145.28. The company has a market cap of $650.87 million, a P/E ratio of 19.94 and a beta of 0.60. The business has a 50 day moving average price of $130.95 and a two-hundred day moving average price of $126.04.

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

Preformed Line Products Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, October 21st. Shareholders of record on Tuesday, October 1st were paid a $0.20 dividend. The ex-dividend date of this dividend was Tuesday, October 1st. This represents a $0.80 dividend on an annualized basis and a yield of 0.60%. Preformed Line Products’s dividend payout ratio is 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.