D L Carlson Investment Group Inc. Sells 200 Shares of Preformed Line Products (NASDAQ:PLPC)

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D L Carlson Investment Group Inc. lessened its holdings in Preformed Line Products (NASDAQ:PLPC) by 3.8% in the 3rd quarter, Holdings Channel.com reports. The firm owned 5,000 shares of the technology company’s stock after selling 200 shares during the quarter. D L Carlson Investment Group Inc.’s holdings in Preformed Line Products were worth $273,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Strs Ohio lifted its position in shares of Preformed Line Products by 8.3% in the 2nd quarter. Strs Ohio now owns 3,900 shares of the technology company’s stock worth $216,000 after purchasing an additional 300 shares during the period. Bank of New York Mellon Corp lifted its position in shares of Preformed Line Products by 1.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 28,878 shares of the technology company’s stock worth $1,603,000 after purchasing an additional 424 shares during the period. Rhumbline Advisers lifted its position in shares of Preformed Line Products by 11.3% in the 3rd quarter. Rhumbline Advisers now owns 4,779 shares of the technology company’s stock worth $261,000 after purchasing an additional 486 shares during the period. Captrust Financial Advisors lifted its position in shares of Preformed Line Products by 70.6% in the 2nd quarter. Captrust Financial Advisors now owns 2,174 shares of the technology company’s stock worth $121,000 after purchasing an additional 900 shares during the period. Finally, Northern Trust Corp lifted its position in shares of Preformed Line Products by 2.6% in the 2nd quarter. Northern Trust Corp now owns 40,235 shares of the technology company’s stock worth $2,234,000 after purchasing an additional 1,002 shares during the period. 48.40% of the stock is owned by hedge funds and other institutional investors.

NASDAQ:PLPC opened at $66.95 on Monday. Preformed Line Products has a 52 week low of $45.12 and a 52 week high of $72.67. The firm has a 50 day moving average of $54.33 and a 200 day moving average of $52.96. The company has a quick ratio of 1.73, a current ratio of 2.79 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $326.60 million, a price-to-earnings ratio of 14.52 and a beta of 1.47.

Preformed Line Products (NASDAQ:PLPC) last posted its earnings results on Friday, November 1st. The technology company reported $1.55 EPS for the quarter. Preformed Line Products had a net margin of 5.25% and a return on equity of 9.02%. The company had revenue of $119.22 million during the quarter.

The company also recently announced a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Tuesday, October 1st were given a dividend of $0.20 per share. The ex-dividend date was Monday, September 30th. This represents a $0.80 dividend on an annualized basis and a yield of 1.19%.

Several equities research analysts have recently weighed in on PLPC shares. ValuEngine raised shares of Preformed Line Products from a “hold” rating to a “buy” rating in a research report on Thursday, August 1st. BidaskClub raised shares of Preformed Line Products from a “hold” rating to a “buy” rating in a research report on Thursday. Finally, TheStreet raised shares of Preformed Line Products from a “c+” rating to a “b-” rating in a research report on Wednesday, July 31st.

Preformed Line Products Company Profile

Preformed Line Products Company, together with its subsidiaries, designs and manufactures products and systems used in the construction and maintenance of overhead and underground networks for the energy, telecommunication, cable operator, information, and other industries. The company offers formed wire and related hardware products to support, protect, terminate, and secure power conductor and communication cables, as well as to control cable dynamics; and hardware products to support and protect transmission conductors, spacers, spacer-dampers, stockbridge dampers, corona suppression devices, and various compression fittings for dead-end applications.

See Also: Monthly Dividend Stocks

Want to see what other hedge funds are holding PLPC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Preformed Line Products (NASDAQ:PLPC).

Institutional Ownership by Quarter for Preformed Line Products (NASDAQ:PLPC)

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