Baker Ellis Asset Management LLC Decreases Stock Position in Preformed Line Products (NASDAQ:PLPC)

Baker Ellis Asset Management LLC lessened its stake in Preformed Line Products (NASDAQ:PLPC) by 4.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,270 shares of the technology company’s stock after selling 205 shares during the quarter. Baker Ellis Asset Management LLC owned about 0.09% of Preformed Line Products worth $546,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Renaissance Technologies LLC boosted its holdings in Preformed Line Products by 0.3% in the 2nd quarter. Renaissance Technologies LLC now owns 66,600 shares of the technology company’s stock worth $8,294,000 after acquiring an additional 200 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of Preformed Line Products by 1.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 32,574 shares of the technology company’s stock valued at $4,172,000 after buying an additional 471 shares during the last quarter. FMR LLC boosted its stake in shares of Preformed Line Products by 27.7% during the 3rd quarter. FMR LLC now owns 25,091 shares of the technology company’s stock valued at $3,214,000 after buying an additional 5,442 shares during the last quarter. AQR Capital Management LLC boosted its stake in shares of Preformed Line Products by 10.4% during the 2nd quarter. AQR Capital Management LLC now owns 17,936 shares of the technology company’s stock valued at $2,234,000 after buying an additional 1,687 shares during the last quarter. Finally, Cardinal Capital Management boosted its stake in shares of Preformed Line Products by 10.8% during the 3rd quarter. Cardinal Capital Management now owns 10,252 shares of the technology company’s stock valued at $1,313,000 after buying an additional 997 shares during the last quarter. Hedge funds and other institutional investors own 41.19% of the company’s stock.

Analyst Ratings Changes

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

Preformed Line Products Stock Performance

Preformed Line Products stock opened at $128.84 on Thursday. The stock has a market cap of $631.32 million, a P/E ratio of 19.35 and a beta of 0.63. 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 stock has a 50 day moving average of $130.96 and a 200-day moving average of $125.81. Preformed Line Products has a 52 week low of $109.01 and a 52 week high of $145.28.

Preformed Line Products (NASDAQ:PLPC) last announced 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 return on equity of 7.88% and a net margin of 5.76%. The firm had revenue of $146.97 million for the quarter.

Preformed Line Products Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 21st. Investors of record on Tuesday, January 7th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 0.62%. The ex-dividend date of this dividend was Tuesday, January 7th. 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.