Baker Ellis Asset Management LLC Has $685,000 Stock Holdings in Preformed Line Products (NASDAQ:PLPC)

Baker Ellis Asset Management LLC lessened its stake in Preformed Line Products (NASDAQ:PLPC) by 3.6% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 5,320 shares of the technology company’s stock after selling 200 shares during the quarter. Baker Ellis Asset Management LLC’s holdings in Preformed Line Products were worth $685,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in PLPC. Swiss National Bank increased its stake in Preformed Line Products by 1.9% in the 3rd quarter. Swiss National Bank now owns 5,453 shares of the technology company’s stock valued at $887,000 after buying an additional 100 shares during the period. Charles Schwab Investment Management Inc. grew its position in Preformed Line Products by 84.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 31,294 shares of the technology company’s stock worth $5,088,000 after acquiring an additional 14,363 shares in the last quarter. FMR LLC grew its position in Preformed Line Products by 0.7% in the third quarter. FMR LLC now owns 20,906 shares of the technology company’s stock worth $3,399,000 after acquiring an additional 155 shares in the last quarter. Invesco Ltd. grew its position in Preformed Line Products by 215.5% in the third quarter. Invesco Ltd. now owns 68,311 shares of the technology company’s stock worth $11,106,000 after acquiring an additional 46,656 shares in the last quarter. Finally, Lazard Asset Management LLC grew its position in Preformed Line Products by 23.5% in the third quarter. Lazard Asset Management LLC now owns 2,987 shares of the technology company’s stock worth $485,000 after acquiring an additional 568 shares in the last quarter. Institutional investors and hedge funds own 41.19% of the company’s stock.

Preformed Line Products Stock Up 0.3 %

PLPC stock traded up $0.33 during trading hours on Friday, hitting $124.54. The company’s stock had a trading volume of 54,342 shares, compared to its average volume of 13,706. The company has a quick ratio of 1.73, a current ratio of 3.15 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $612.74 million, a PE ratio of 12.04 and a beta of 0.70. Preformed Line Products has a 12 month low of $104.96 and a 12 month high of $184.82. The stock has a 50 day moving average price of $128.63 and a two-hundred day moving average price of $128.47.

Preformed Line Products (NASDAQ:PLPC) last posted its quarterly earnings data on Wednesday, May 1st. The technology company reported $1.94 earnings per share (EPS) for the quarter. The business had revenue of $140.90 million during the quarter. Preformed Line Products had a net margin of 8.20% and a return on equity of 12.67%.

Preformed Line Products Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 19th. Investors of record on Monday, July 1st will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 0.64%. The ex-dividend date of this dividend is Monday, July 1st. Preformed Line Products’s dividend payout ratio is currently 7.74%.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of Preformed Line Products from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 7th.

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.