Charles Schwab Investment Management Inc. Buys 471 Shares of Preformed Line Products (NASDAQ:PLPC)

Charles Schwab Investment Management Inc. raised its holdings in Preformed Line Products (NASDAQ:PLPC) by 1.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 32,574 shares of the technology company’s stock after buying an additional 471 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Preformed Line Products were worth $4,172,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Innealta Capital LLC acquired a new stake in shares of Preformed Line Products in the 2nd quarter valued at $27,000. Allspring Global Investments Holdings LLC acquired a new position in Preformed Line Products during the 2nd quarter worth about $52,000. SG Americas Securities LLC acquired a new position in Preformed Line Products during the 3rd quarter valued at about $119,000. Quest Partners LLC acquired a new position in Preformed Line Products during the 2nd quarter valued at about $196,000. Finally, Summit Global Investments acquired a new position in Preformed Line Products during the 3rd quarter valued at about $345,000. Institutional investors own 41.19% of the company’s stock.

Preformed Line Products Trading Up 0.5 %

NASDAQ:PLPC opened at $132.83 on Friday. Preformed Line Products has a twelve month low of $109.01 and a twelve month high of $145.28. The company has a quick ratio of 1.56, a current ratio of 2.81 and a debt-to-equity ratio of 0.06. The business has a 50 day moving average price of $130.95 and a two-hundred day moving average price of $126.04. The company has a market cap of $650.87 million, a P/E ratio of 19.94 and a beta of 0.60.

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

Preformed Line Products Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, October 21st. Shareholders of record on Tuesday, October 1st were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 0.60%. The ex-dividend date was Tuesday, October 1st. Preformed Line Products’s dividend payout ratio is 12.01%.

Wall Street Analyst Weigh In

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

Preformed Line Products 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.