1 week Ago By Defense World Staff
Invesco Ltd. grew its holdings in Preformed Line Products ( NASDAQ:PLPC – Free Report ) by 0.4% in the fourth quarter, according to the company in its most recent 13F filing with the SEC.
The institutional investor owned 41,204 shares of the technology company’s stock after buying an additional 172 shares during the quarter. Invesco Ltd. owned 0.
84% of Preformed Line Products worth $5,265,000 as of its most recent filing with the SEC. A number of other hedge funds and other institutional investors also recently made changes to their positions in PLPC. JPMorgan Chase & Co.
boosted its holdings in shares of Preformed Line Products by 93.3% in the 3rd quarter. JPMorgan Chase & Co.
now owns 8,119 shares of the technology company’s stock worth $1,040,000 after acquiring an additional 3,919 shares in the last quarter. Franklin Resources Inc. boosted its stake in Preformed Line Products by 21.
3% in the third quarter. Franklin Resources Inc. now owns 3,161 shares of the technology company’s stock worth $389,000 after purchasing an additional 556 shares in the last quarter.
Barclays PLC grew its holdings in shares of Preformed Line Products by 135.6% during the third quarter. Barclays PLC now owns 4,989 shares of the technology company’s stock worth $638,000 after purchasing an additional 2,871 shares during the last quarter.
Ausbil Investment Management Ltd increased its stake in shares of Preformed Line Products by 222.8% in the fourth quarter. Ausbil Investment Management Ltd now owns 5,436 shares of the technology company’s stock valued at $701,000 after buying an additional 3,752 shares in the last quarter.
Finally, American Century Companies Inc. increased its stake in shares of Preformed Line Products by 160.8% in the fourth quarter.
American Century Companies Inc. now owns 49,057 shares of the technology company’s stock valued at $6,269,000 after buying an additional 30,245 shares in the last quarter. 41.
19% of the stock is owned by institutional investors. Analysts Set New Price Targets Separately, StockNews.com raised shares of Preformed Line Products from a “buy” rating to a “strong-buy” rating in a report on Tuesday, March 18th.
Preformed Line Products Stock Up 0.5 % Shares of PLPC opened at $139.15 on Friday.
The business’s fifty day moving average price is $136.52 and its two-hundred day moving average price is $133.91.
The firm has a market capitalization of $687.54 million, a price-to-earnings ratio of 20.89 and a beta of 0.
65. Preformed Line Products has a 52 week low of $109.01 and a 52 week high of $154.
90. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.
56 and a current ratio of 2.81. Preformed Line Products ( NASDAQ:PLPC – Get Free Report ) last posted its quarterly earnings results on Thursday, March 13th.
The technology company reported $2.13 earnings per share (EPS) for the quarter. The business had revenue of $167.
12 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 Announces Dividend The firm also recently declared a quarterly dividend, which was paid on Monday, April 21st. Investors of record on Tuesday, April 1st were paid a dividend of $0.
20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.
57%. The ex-dividend date was Tuesday, April 1st. Preformed Line Products’s dividend payout ratio (DPR) is 10.
67%. About Preformed Line Products ( 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.
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