Royce & Associates LP Buys 9,458 Shares of Preformed Line Products (NASDAQ:PLPC)

Royce & Associates LP increased its holdings in shares of Preformed Line Products (NASDAQ:PLPC - Free Report) by 3.1% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 314,094 shares of the technology company's stock after purchasing an additional 9,458 shares during the period. Royce & Associates LP owned approximately 6.41% of Preformed Line Products worth $40,138,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Charles Schwab Investment Management Inc. increased its position in Preformed Line Products by 0.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 32,760 shares of the technology company's stock worth $4,186,000 after buying an additional 186 shares during the period. FMR LLC grew its stake in shares of Preformed Line Products by 27.7% in the third quarter. FMR LLC now owns 25,091 shares of the technology company's stock worth $3,214,000 after acquiring an additional 5,442 shares during the last quarter. Victory Capital Management Inc. increased its position in Preformed Line Products by 1.6% during the fourth quarter. Victory Capital Management Inc. now owns 17,293 shares of the technology company's stock worth $2,210,000 after acquiring an additional 270 shares during the period. Proficio Capital Partners LLC acquired a new position in Preformed Line Products during the 4th quarter valued at $1,764,000. Finally, Cardinal Capital Management boosted its holdings in Preformed Line Products by 2.3% in the 4th quarter. Cardinal Capital Management now owns 10,491 shares of the technology company's stock valued at $1,341,000 after purchasing an additional 239 shares during the period. Institutional investors and hedge funds own 41.19% of the company's stock.

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Preformed Line Products Stock Performance

Preformed Line Products stock traded down $3.80 during trading hours on Thursday, hitting $148.54. The stock had a trading volume of 57,481 shares, compared to its average volume of 15,959. The company has a 50-day moving average of $135.06 and a two-hundred day moving average of $130.07. 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 fifty-two week low of $109.01 and a fifty-two week high of $154.90. The company has a market cap of $733.94 million, a PE ratio of 22.30 and a beta of 0.62.

Preformed Line Products (NASDAQ:PLPC - Get Free Report) last issued its earnings results on Thursday, March 13th. The technology company reported $2.13 EPS for the quarter. Preformed Line Products had a return on equity of 7.88% and a net margin of 5.76%. The business had revenue of $167.12 million during the quarter.

Preformed Line Products Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 21st. Stockholders of record on Tuesday, April 1st will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 0.54%. Preformed Line Products's dividend payout ratio (DPR) is currently 10.67%.

Analyst Upgrades and Downgrades

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

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.