4,070 Shares in Preformed Line Products (NASDAQ:PLPC) Purchased by Ingalls & Snyder LLC

Ingalls & Snyder LLC acquired a new position in shares of Preformed Line Products (NASDAQ:PLPC - Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 4,070 shares of the technology company's stock, valued at approximately $521,000. Ingalls & Snyder LLC owned 0.08% of Preformed Line Products at the end of the most recent quarter.

Several other large investors have also modified their holdings of the company. Janus Henderson Group PLC boosted its holdings in shares of Preformed Line Products by 5.0% during the 3rd quarter. Janus Henderson Group PLC now owns 7,885 shares of the technology company's stock worth $1,010,000 after buying an additional 376 shares during the period. PDT Partners LLC boosted its holdings in Preformed Line Products by 60.3% in the 3rd quarter. PDT Partners LLC now owns 3,609 shares of the technology company's stock valued at $462,000 after purchasing an additional 1,357 shares during the period. Walleye Capital LLC bought a new stake in Preformed Line Products in the 3rd quarter valued at $348,000. BNP Paribas Financial Markets boosted its holdings 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 valued at $304,000 after purchasing an additional 274 shares during the period. Finally, FMR LLC boosted its holdings in Preformed Line Products by 27.7% in the 3rd quarter. FMR LLC now owns 25,091 shares of the technology company's stock valued at $3,214,000 after purchasing an additional 5,442 shares during the period. 41.19% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Preformed Line Products from a "buy" rating to a "strong-buy" rating in a report on Tuesday, November 19th.

Preformed Line Products Price Performance

Shares of Preformed Line Products stock traded down $3.30 during mid-day trading on Wednesday, reaching $133.95. 3,503 shares of the stock were exchanged, compared to its average volume of 14,697. The company has a market cap of $656.09 million, a price-to-earnings ratio of 20.61 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. The firm has a 50-day simple moving average of $129.57 and a 200 day simple moving average of $125.77. Preformed Line Products has a fifty-two week low of $109.01 and a fifty-two week high of $145.28.

Preformed Line Products (NASDAQ:PLPC - Get Free Report) last posted its quarterly earnings data on Wednesday, October 30th. The technology company reported $1.54 earnings per share for the quarter. The firm 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 Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, October 21st. Stockholders of record on Tuesday, October 1st were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 0.60%. The ex-dividend date was Tuesday, October 1st. Preformed Line Products's dividend payout ratio (DPR) is presently 12.01%.

Preformed Line Products Company 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.