Janus Henderson Group PLC Has $1.01 Million Position in Preformed Line Products (NASDAQ:PLPC)

Janus Henderson Group PLC boosted its holdings in Preformed Line Products (NASDAQ:PLPC) by 5.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,885 shares of the technology company’s stock after acquiring an additional 376 shares during the quarter. Janus Henderson Group PLC owned 0.16% of Preformed Line Products worth $1,010,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in PLPC. Innealta Capital LLC bought a new stake in shares of Preformed Line Products in the 2nd quarter valued at approximately $27,000. Allspring Global Investments Holdings LLC acquired a new position in Preformed Line Products during the second quarter worth $52,000. Truvestments Capital LLC acquired a new position in Preformed Line Products during the third quarter worth $103,000. SG Americas Securities LLC bought a new position in shares of Preformed Line Products during the third quarter valued at $119,000. Finally, Quest Partners LLC bought a new stake in shares of Preformed Line Products in the 2nd quarter worth about $196,000. Institutional investors and hedge funds own 41.19% of the company’s stock.

Preformed Line Products Stock Performance

NASDAQ:PLPC opened at $132.83 on Friday. The stock has a market capitalization of $650.87 million, a P/E ratio of 19.94 and a beta of 0.60. Preformed Line Products has a 1 year low of $109.01 and a 1 year high of $145.28. The firm has a 50 day moving average of $130.95 and a 200-day moving average of $126.04. 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 released its quarterly earnings results on Wednesday, October 30th. The technology company reported $1.54 earnings per share for the quarter. The firm 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. Investors of record on Tuesday, October 1st were issued a $0.20 dividend. The ex-dividend date of this dividend was Tuesday, October 1st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.60%. Preformed Line Products’s dividend payout ratio is 12.01%.

Analyst Upgrades and Downgrades

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

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.