Barclays PLC Has $638,000 Stake in Preformed Line Products (NASDAQ:PLPC)

Barclays PLC grew its stake in Preformed Line Products (NASDAQ:PLPC) by 135.6% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,989 shares of the technology company’s stock after buying an additional 2,871 shares during the period. Barclays PLC owned approximately 0.10% of Preformed Line Products worth $638,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in PLPC. Rhumbline Advisers grew its stake in Preformed Line Products by 2.3% in the 2nd 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 last quarter. Private Advisor Group LLC boosted its holdings in Preformed Line Products by 4.8% during the third 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 during the period. Koss Olinger Consulting LLC grew its position in shares of Preformed Line Products by 3.8% in the third quarter. Koss Olinger Consulting LLC now owns 3,726 shares of the technology company’s stock valued at $477,000 after purchasing an additional 138 shares during the last quarter. Renaissance Technologies LLC increased its stake in shares of Preformed Line Products by 0.3% in the second 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 during the period. Finally, BNP Paribas Financial Markets lifted its position in shares of Preformed Line Products by 13.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,371 shares of the technology company’s stock worth $304,000 after purchasing an additional 274 shares during the last quarter. Institutional investors own 41.19% of the company’s stock.

Wall Street Analyst Weigh In

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

Preformed Line Products Trading Up 0.5 %

Shares of PLPC stock opened at $126.07 on Friday. The firm has a market capitalization of $617.49 million, a P/E ratio of 18.93 and a beta of 0.63. Preformed Line Products has a 1 year low of $109.01 and a 1 year high of $145.28. The firm’s fifty day simple moving average is $131.83 and its 200 day simple moving average is $125.64. The company has a current ratio of 2.81, a quick ratio of 1.56 and a debt-to-equity ratio of 0.06.

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

Preformed Line Products Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 21st. Shareholders of record on Tuesday, January 7th will be given a $0.20 dividend. The ex-dividend date of this dividend is Tuesday, January 7th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.63%. Preformed Line Products’s dividend payout ratio is currently 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.