Barclays PLC Buys 67,656 Shares of Methode Electronics, Inc. (NYSE:MEI)

Barclays PLC increased its stake in shares of Methode Electronics, Inc. (NYSE:MEI - Free Report) by 112.3% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 127,917 shares of the electronics maker's stock after acquiring an additional 67,656 shares during the period. Barclays PLC owned 0.36% of Methode Electronics worth $1,530,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of MEI. Federated Hermes Inc. raised its position in shares of Methode Electronics by 128.1% during the 2nd quarter. Federated Hermes Inc. now owns 1,690,878 shares of the electronics maker's stock valued at $17,501,000 after acquiring an additional 949,616 shares during the last quarter. Hotchkis & Wiley Capital Management LLC lifted its position in Methode Electronics by 5.9% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 1,123,760 shares of the electronics maker's stock worth $13,440,000 after buying an additional 62,470 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Methode Electronics by 2.6% in the third quarter. Geode Capital Management LLC now owns 802,728 shares of the electronics maker's stock valued at $9,603,000 after buying an additional 20,487 shares in the last quarter. Millennium Management LLC lifted its stake in Methode Electronics by 98.7% in the 2nd quarter. Millennium Management LLC now owns 648,019 shares of the electronics maker's stock valued at $6,707,000 after purchasing an additional 321,832 shares during the last quarter. Finally, American Century Companies Inc. increased its holdings in shares of Methode Electronics by 29.5% in the second quarter. American Century Companies Inc. now owns 335,131 shares of the electronics maker's stock valued at $3,469,000 after purchasing an additional 76,391 shares during the last quarter. Institutional investors own 95.49% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Robert W. Baird lifted their price target on shares of Methode Electronics from $13.00 to $16.00 and gave the company a "neutral" rating in a research report on Friday, December 6th.

Methode Electronics Stock Performance

Shares of Methode Electronics stock opened at $10.93 on Monday. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.75 and a quick ratio of 1.73. Methode Electronics, Inc. has a one year low of $8.54 and a one year high of $22.20. The business has a 50-day simple moving average of $11.28 and a 200 day simple moving average of $11.04. The firm has a market capitalization of $389.73 million, a price-to-earnings ratio of -4.32 and a beta of 0.78.

Methode Electronics (NYSE:MEI - Get Free Report) last posted its quarterly earnings data on Thursday, December 5th. The electronics maker reported $0.14 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.17) by $0.31. Methode Electronics had a negative net margin of 8.16% and a negative return on equity of 3.26%. During the same quarter in the prior year, the business posted $0.06 EPS. On average, research analysts anticipate that Methode Electronics, Inc. will post -0.4 earnings per share for the current fiscal year.

Methode Electronics Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 17th will be paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 5.12%. The ex-dividend date of this dividend is Friday, January 17th. Methode Electronics's dividend payout ratio is -22.13%.

About Methode Electronics

Methode Electronics, Inc designs, engineers, and produces mechatronic products worldwide. It operates through four segments: Automotive, Industrial, Interface, and Medical. The Automotive segment supplies electronic and electro-mechanical devices, and related products to automobile original equipment manufacturers directly or through their tiered suppliers.